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Earnings transcript
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ASML
ASML Holding N.V.
$1777.77
28.73
(1.64%)
| Exchange: | NASDAQ |
| Market Cap: | 685.185B |
| Shares Outstanding: | 300.667M |
Delayed data
About The Company
| Sector: | Technology | |||||
| Industry: | Semiconductors | |||||
| CEO: | Christophe D. Fouquet | |||||
| Full Time Employees: | 43129 | |||||
| Address: |
| |||||
| Website: | https://www.asml.com |
ASML Holding N.V., founded in 1984 and based in Veldhoven, the Netherlands, is a leading provider of advanced semiconductor manufacturing equipment for chipmakers. Known as ASM Lithography Holding N.V. until its name change in 2001, the company is involved in the design, production, sales, marketing, and servicing of these critical systems. Its comprehensive product lineup includes sophisticated lithography, metrology, and inspection systems. ASML’s lithography offerings feature cutting-edge extreme ultraviolet (EUV) systems, as well as deep ultraviolet (DUV) solutions, encompassing both immersion and dry technologies, engineered to facilitate the creation of a wide array of semiconductor nodes and technologies. The company also delivers specialized metrology and inspection tools, such as its YieldStar optical metrology systems for assessing pattern quality on silicon wafers, and HMI electron beam solutions for precisely locating and analyzing individual defects in chips. Furthermore, ASML provides computational lithography solutions and software for controlling its lithography systems. Its service portfolio includes refurbishing and upgrading existing equipment, alongside extensive customer support. ASML maintains a significant global presence, operating across key regions including Japan, South Korea, Singapore, Taiwan, China, the wider Asian market, the Netherlands, other European countries, the Middle East, Africa, and the United States.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 27,558,500 | 28,262,900 | 32,667,300 |
| Gross Profit | 14,136,100 | 14,492,000 | 17,258,000 |
| EBITDA | 9,976,000 | 10,123,600 | 12,550,300 |
| Operating Income | 9,042,300 | 9,022,600 | 11,301,400 |
| Net Income | 7,839,000 | 7,571,600 | 9,609,400 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 39,957,500 | 48,589,600 | 50,545,079 |
| Total Liabilities | 26,505,100 | 30,112,800 | 30,941,226 |
| Total Stockholders Equity | 13,452,400 | 18,476,800 | 19,603,853 |
| Total Debt | 4,859,500 | 4,993,600 | 2,707,847 |
| Cash and Cash Equivalents | 7,004,700 | 12,735,900 | 12,910,503 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 5,443,400 | 11,166,200 | 12,158,903.103 |
| Capital Expenditure | -2,196,200 | -2,067,200 | -1,511,494.250 |
| Free Cash Flow | 3,247,200 | 9,099,000 | 10,647,408.853 |
| Net Income | 7,839,000 | 7,571,600 | 9,230,142.866 |
| Net Change in Cash | -263,600 | 5,731,200 | 1,686,175.276 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 59,893,612.879 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 70,652,211.825 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 64,591,244.161 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 23,391,573.800 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 27,593,366.765 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 25,226,243.368 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 23,261,944.667 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 28,824,898.619 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 25,690,951.850 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 2,441,311.120 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 2,879,840.138 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 2,632,790.293 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 66.060 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 74.120 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 59.810 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 27 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 10 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Financial Performance: ASML reported record-breaking results for Q4 and full-year 2025, as highlighted in the earnings call transcript, with strong revenue and net income figures reflecting sustained growth. Key metrics such as high gross profit margin (TTM) and net profit margin (TTM) underscore operational efficiency and profitability.
- Technological Leadership: The earnings call emphasized ASML’s focus on innovation, with strategic restructuring to enhance technological advancements. This positions the company as a leader in the semiconductor equipment industry, supported by significant investments in R&D as inferred from capital expenditure data.
- Strong Cash Flow Generation: Analysis of cash flow statements indicates robust net cash provided by operating activities and positive free cash flow (TTM), providing financial flexibility for reinvestment and dividend payouts, as evidenced by the dividend yield (TTM).
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Intrinsic Value Calculator
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Common questions about ASML valuation
Is ASML Holding N.V. (ASML) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for ASML Holding N.V. (ASML) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is ASML a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether ASML trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is ASML’s P/E ratio?
You can see ASML’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for ASML?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is ASML a good long-term investment?
Whether ASML fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
ASML
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Daily snapshot
1.64
Trading Metrics:
| Open: | 1776.47 | Previous Close: | 1749.04 | |
| Day Low: | 1676.51 | Day High: | 1830.99 | |
| Year Low: | 683.48 | Year High: | 1830.99 | |
| Price Avg 50: | 1496.33 | Price Avg 200: | 1223.83 | |
| Volume: | 3.137M | Average Volume: | 1.703M |
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Login — it's freeASML full analysis
Hey everyone, welcome back to the channel. Today we’re diving deep into one of the most critical companies in the entire global technology supply chain. I’m talking about ASML. If you follow semiconductors, you know the name. But today we’re going to go beyond the headlines and build a comprehensive, long-term investment thesis. We’ll look at the business, the financials, the earnings call, the competitive position, and of course, what the stock is actually worth. Let’s get into it. Now,…
