ASML Holding N.V.

ENXTAM:ASML Stock Report

Market Cap: €500.2b

ASML Holding Future Growth

Future criteria checks 4/6

ASML Holding is forecast to grow earnings and revenue by 16.3% and 12.7% per annum respectively. EPS is expected to grow by 18.1% per annum. Return on equity is forecast to be 51.6% in 3 years.

Key information

16.3%

Earnings growth rate

18.09%

EPS growth rate

Semiconductor earnings growth20.4%
Revenue growth rate12.7%
Future return on equity51.58%
Analyst coverage

Good

Last updated08 May 2026

Recent future growth updates

Analysis Article • Jan 31

€1,353 - That's What Analysts Think ASML Holding N.V. (AMS:ASML) Is Worth After These Results

Investors in ASML Holding N.V. ( AMS:ASML ) had a good week, as its shares rose 3.2% to close at €1,216 following the...

Recent updates

Narrative Update • May 03

ASML: AI Tool Demand And Tight Supply Will Test EPS Assumptions

ASML Holding's updated analyst price target has risen by about €104 to €1,150.93, with analysts citing refined assumptions around slightly lower discount rates, modestly adjusted revenue growth, a small uplift in profit margin expectations, and a higher future P/E multiple. Analyst Commentary Recent Street research on ASML Holding has clustered around higher price targets and updated forecasts, with several firms adjusting their models for discount rates, revenue trajectories, margin assumptions, and future P/E multiples.
Narrative Update • Apr 18

ASML: Future DRAM Tightness And Tool Demand Will Drive Upside

ASML Holding's analyst price target has been raised by €63 to reflect updated views on slightly lower discount rates, stronger revenue growth and margins, and a modestly lower future P/E assumption highlighted in recent research updates. Analyst Commentary Recent research on ASML Holding shows a cluster of upward price target revisions across multiple banks and brokerage firms, alongside at least one downgrade, giving a mixed but generally constructive read on expectations for execution and valuation.
Narrative Update • Apr 04

ASML: Elevated EPS Hopes Will Strain Tighter Wafer Fab Spending Assumptions

ASML Holding's updated fair value estimate has moved from about €1,003 to roughly €1,047 as analysts lift price targets in response to tighter foundry and DRAM supply expectations, higher outer year EPS estimates, and research pointing to strong wafer fab equipment spending. Analyst Commentary Recent Street research on ASML reflects a mix of optimism on long term industry demand and more cautious views around how much of that enthusiasm is already reflected in the share price.
Narrative Update • Mar 21

ASML: Future WFE Spending And DRAM Tightness Will Drive Upside

ASML Holding's analyst fair value estimate has been adjusted slightly higher to €1,400.42 from €1,397.71, reflecting updated assumptions on revenue growth, margins and P/E. This follows a series of recent price target increases from major brokers who cite tighter foundry and DRAM supply, higher medium term EPS estimates and firm wafer fab equipment spending plans.
New Narrative • Mar 15

ASML Holding N.V. (ASML): The Lithography Monopoly and the High-NA EUV AI Era

ASML Holding N.V. (ASML) remains the undisputed gatekeeper of the global semiconductor industry, closing the March 13, 2026, session at €1,186.40 on the Euronext Amsterdam (and $1,345.69 USD on the NASDAQ). Since the start of 2026, the stock has experienced a "V-shaped" recovery; after a volatile 2025 characterized by shifting export regulations, ASML has surged back to near-all-time highs as the market prices in the massive shift from R&D to mass production for High-NA EUV systems.
New Narrative • Mar 12

ASML: The Hidden Backbone of the Global AI and Semiconductor Revolution.

ASML Holding is one of the most strategically important companies in the global semiconductor industry. The company specializes in producing advanced lithography machines used to manufacture cutting-edge semiconductor chips.
Narrative Update • Mar 06

ASML: Tight Wafer Fab Equipment Supply Will Support Stronger Future Earnings Power

Analysts have raised their fair value estimate for ASML Holding to €1,600 from €943, citing higher long term assumptions for revenue growth, profitability and future P/E multiples, supported by a broad wave of recent price target increases across major banks. Analyst Commentary Recent research on ASML Holding has been dominated by a series of higher price targets and more constructive views on the medium term outlook, even as one firm issued a downgrade.
New Narrative • Feb 26

ASML: Durable Advantage, Limited Margin for Error

Narrative summary ASML sits at the centre of advanced semiconductor manufacturing. It does not design chips and it does not fabricate them.
Narrative Update • Feb 20

ASML: Future WFE Spending And AI Demand Will Drive Upside

We are lifting our ASML Holding analyst price target to €1,397.71 from €1,207.41. This change reflects analysts' updated assumptions for higher revenue growth, stronger profit margins, and a modestly different discount rate, supported by a broad wave of recent target increases and upgrades across major brokerages.
Narrative Update • Feb 06

ASML: Frothy Repricing Could Unravel If Wafer Fab Spending Disappoints

Analysts have lifted their fair value estimate for ASML Holding by about €274 to €1,003, reflecting updated assumptions for revenue growth, profitability and future P/E after a wave of recent price target increases from major banks and brokers. Analyst Commentary Recent research on ASML has been highly active, with a cluster of fresh price targets and rating changes pointing to a wide range of views on how much upside is already reflected in the share price.
Analysis Article • Feb 04

Shareholders Can Be Confident That ASML Holding's (AMS:ASML) Earnings Are High Quality

Even though ASML Holding N.V.'s ( AMS:ASML ) recent earnings release was robust, the market didn't seem to notice...
Analysis Article • Jan 31

€1,353 - That's What Analysts Think ASML Holding N.V. (AMS:ASML) Is Worth After These Results

Investors in ASML Holding N.V. ( AMS:ASML ) had a good week, as its shares rose 3.2% to close at €1,216 following the...
Narrative Update • Jan 23

ASML: Future AI Demand And WFE Spending Expectations Will Shape Momentum

Analysts lifted their fair value estimate for ASML Holding to $1,207.41 from $1,065.77, citing updated assumptions that include slightly higher revenue growth expectations, a modestly lower discount rate, a recalibrated profit margin outlook, and a higher future P/E multiple, supported by a series of recent Street price target hikes and generally constructive research commentary. Analyst Commentary Recent Street research on ASML Holding has been active, with several price target revisions and rating changes that help frame how professionals are thinking about the stock’s valuation, growth prospects, and execution risk.
Narrative Update • Jan 08

ASML: Future AI Demand And 2026 DRAM Spend Will Shape Momentum

Narrative Update on ASML Holding The updated analyst price target for ASML Holding reflects a shift in fair value from €973.03 to €1,065.77, supported by analysts citing recent Q3 results, higher long term Street targets around €975 to €1,200, and slightly stronger assumptions for revenue growth, profit margins, and future P/E multiples. Analyst Commentary Street research on ASML Holding has been broadly constructive, with several bullish analysts lifting their valuation ranges after the latest Q3 update and revisiting their assumptions on margins and long term growth.
Analysis Article • Jan 05

Why Investors Shouldn't Be Surprised By ASML Holding N.V.'s (AMS:ASML) P/E

With a price-to-earnings (or "P/E") ratio of 40.4x ASML Holding N.V. ( AMS:ASML ) may be sending very bearish signals...
Narrative Update • Dec 15

ASML: Elevated EUV Demand Expectations Will Likely Expose Downside If 2026 Recovery Slips

Analysts have significantly raised their fair value estimate for ASML Holding from approximately EUR 573 to about EUR 729 as they factor in a series of higher Street price targets, expectations for stronger medium term revenue growth, resilient margins, and increased confidence in EUV led demand from 2026 onward. Analyst Commentary Street research on ASML has turned markedly more optimistic in recent weeks, with multiple major institutions lifting price targets into the upper triple digits and reiterating positive ratings.
Narrative Update • Dec 01

ASML: Future AI Partnerships And Semiconductor Demand Will Shape Sector Momentum

ASML Holding's analyst fair value target has been raised modestly from €949.81 to €973.03. Analysts cite stronger than expected Q3 results and an improving industry outlook as factors supporting the company's valuation.
Narrative Update • Nov 17

ASML: Shareholder Role In AI And Sector Dynamics Will Shape Outlook

ASML Holding's analyst price target has been raised modestly, increasing from €941.90 to €949.81 as analysts cite stronger Q3 results, improved profit margins, and a more favorable growth outlook for the semiconductor equipment sector. Analyst Commentary Recent commentary from equity research analysts reflects a primarily upbeat sentiment on ASML Holding’s outlook, with most citing strong fundamentals and improved profitability as the drivers for upward price target revisions.
Narrative Update • Nov 01

ASML: Future Memory Spending And AI Investment Will Support Shareholder Value

ASML Holding's analyst price target has been raised slightly, moving from approximately €938 to €942. Analysts cite stronger quarterly results, rising industry optimism, and improved earnings prospects driven by higher expected revenue growth and profit margins.
Narrative Update • Oct 18

High-NA EUV Platforms And AI Demand Will Drive System Sales

ASML Holding’s analyst price target has climbed significantly, rising from approximately €809 to €938. Analysts point to robust third-quarter results, improving profit margins, and heightened confidence in future industry growth.
Narrative Update • Oct 04

High-NA EUV Platforms And AI Demand Will Drive System Sales

ASML Holding's analyst price target has been raised by approximately €40 to €809.45, as analysts cite improving sentiment around memory spending, stabilizing customer outlooks, and positive earnings prospects in the coming years. Analyst Commentary Recent research notes on ASML Holding reflect a range of views across Wall Street.
Analysis Article • Sep 23

ASML Holding N.V.'s (AMS:ASML) 25% Price Boost Is Out Of Tune With Earnings

ASML Holding N.V. ( AMS:ASML ) shareholders would be excited to see that the share price has had a great month, posting...
Narrative Update • Sep 19

High-NA EUV Platforms And AI Demand Will Drive System Sales

ASML Holding’s analyst price target was raised to €769.45, as analysts cite strengthening long-term demand from AI and semiconductor capex trends and diminishing export control risks, despite lingering near-term macro headwinds. Analyst Commentary Bullish analysts point to expanding AI compute spending and expectations of substantial TSMC capex in 2026-2027, which supports higher demand trends for ASML’s advanced lithography tools.
New Narrative • Jul 22

Why Now Is The Time to Buy ASML

What Does ASML Do? ASML Holding N.V. is a Dutch company and the world’s only supplier of extreme ultraviolet (EUV) lithography machines —a critical technology used to produce the world’s most advanced computer chips.
Analysis Article • Jul 01

Do ASML Holding's (AMS:ASML) Earnings Warrant Your Attention?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article • May 27

Should You Think About Buying ASML Holding N.V. (AMS:ASML) Now?

ASML Holding N.V. ( AMS:ASML ) saw a decent share price growth of 19% on the ENXTAM over the last few months...
Analysis Article • May 16

ASML Holding N.V.'s (AMS:ASML) Business Is Yet to Catch Up With Its Share Price

With a price-to-earnings (or "P/E") ratio of 30.8x ASML Holding N.V. ( AMS:ASML ) may be sending very bearish signals...
New Narrative • Jan 20

Why ASML Dominates the Chip Market

ASML Holding NV (ASML) isn’t a company; it’s the linchpin in the supply chain that global semiconductors need. Due to the uniqueness of supplying extreme ultraviolet, or EUV, lithography systems, the
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New Narrative • Nov 07

High-NA Technology And AI Markets Ignite Exciting Growth Opportunities

Transition to NXE:3800E and High-NA EUV systems could drive future revenue and earnings through performance benefits and cost reductions.

Earnings and Revenue Growth Forecasts

ENXTAM:ASML - Analysts future estimates and past financials data (EUR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202851,35517,40516,06018,71827
12/31/202747,07915,68313,27615,73838
12/31/202638,95212,0356,92610,25238
3/29/202633,69310,0118,89510,532N/A
12/31/202532,6679,60911,02712,659N/A
9/28/202532,2129,4638,92710,793N/A
6/29/202532,1639,4159,21711,184N/A
3/30/202530,7148,7039,28411,360N/A
12/31/202428,2637,5729,08311,166N/A
9/29/202426,2376,9262,8394,818N/A
6/30/202425,4436,7432,9224,997N/A
3/31/202426,1027,1072,3774,458N/A
12/31/202327,5597,8393,2475,443N/A
10/1/202326,7527,6075,5377,597N/A
7/2/202325,8577,4165,7247,638N/A
4/2/202324,3856,8858,1999,807N/A
12/31/202221,1735,6247,1688,487N/A
10/2/202219,7295,5818,4099,553N/A
7/3/202219,1925,6209,20110,185N/A
4/3/202217,7825,24710,20711,201N/A
12/31/202118,6115,8839,90610,846N/A
10/3/202117,8805,4608,1449,099N/A
7/4/202116,5964,7826,5177,489N/A
4/4/202115,9024,4953,3364,292N/A
12/31/202013,9793,5543,6274,628N/A
9/27/202013,7613,3372,5353,546N/A
6/28/202012,7892,9032,4383,424N/A
3/29/202012,0322,6282,2573,151N/A
12/31/201911,8202,592N/A3,276N/A
9/29/201910,9262,246N/A1,335N/A
6/30/201910,7162,299N/A1,752N/A
3/31/201910,8882,407N/A2,407N/A
12/31/201810,9442,592N/A3,073N/A
9/30/201810,2722,395N/A2,483N/A
7/1/20189,9432,272N/A2,396N/A
4/1/20189,4432,258N/A2,090N/A
12/31/20178,9632,067N/A1,818N/A
10/1/20178,4002,006N/A2,054N/A
7/2/20177,7671,874N/A1,752N/A
4/2/20177,2671,675N/A1,907N/A
12/31/20166,8751,558N/A1,666N/A
10/2/20166,3221,371N/A1,849N/A
7/3/20166,0561,329N/A2,257N/A
4/3/20165,9711,380N/A2,033N/A
12/31/20156,2871,620N/A2,400N/A
9/27/20156,3471,660N/A1,856N/A
6/28/20156,1201,574N/A1,642N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ASML's forecast earnings growth (16.3% per year) is above the savings rate (2.1%).

Earnings vs Market: ASML's earnings (16.3% per year) are forecast to grow faster than the Dutch market (13.8% per year).

High Growth Earnings: ASML's earnings are forecast to grow, but not significantly.

Revenue vs Market: ASML's revenue (12.7% per year) is forecast to grow faster than the Dutch market (9.7% per year).

High Growth Revenue: ASML's revenue (12.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ASML's Return on Equity is forecast to be very high in 3 years time (51.6%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/08 06:53
End of Day Share Price 2026/05/08 00:00
Earnings2026/03/29
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

ASML Holding N.V. is covered by 60 analysts. 38 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Warren LauAletheia Analyst Network Limited
Brett SimpsonArete Research Services LLP
James FontanelliArete Research Services LLP