ASML.AS · AMS Euro Stoxx 50

ASML Holding N.V.

Technology · Semiconductor equipment and materials

€1,403.40 +€42.40 (+3.12%) today

Closing price on Nov 11, 2026 · Source: Yahoo Finance

Consensus of 41 analysts

Buy

Median price target €2,100.00 +49.6%

Open: €1,390.00
Day range: 1,389.40 – €1,411.80
52-week range: 822.20 – €1,741.00
Volume: 197,395
Market cap: €540,895M
P/E (TTM): 40.1x
EPS (TTM): €34.98
EPS est. 2026: €41.41
P/E est. 2026: 33.9x
Dividend yield: 0.5%
Beta: 1.33
Payout: 22%

Analyst summary

Generated with AI · Nov 11, 2026, 14:09

ASML supplies lithography, metrology and inspection systems, software and services to semiconductor manufacturers. Q3 2026 revenue rose 55.2% year on year to €11,662M, while net income increased 133.5% to €4,960M. The quarter’s 42.5% net margin and strong cash generation underline the operating leverage in its business. Growth expectations remain high, but the shares’ valuation and the sector’s investment cycles warrant attention.

1Q3 2026 revenue was €11,662M, up 55.2% year on year.
2The Q3 net margin reached 42.5%, up 14.3 pp.
3The median analyst target is €2,100.00, implying +49.6% potential.

ASML Holding financials

Q3 2026 results, quarter ended Sep 30, 2026

Metric	Q3 2026	1-year change
Total revenue	€11,662M	+55.2%
Net income	€4,960M	+133.5%
Earnings per share	€12.93	+134.6%
Net margin	42.5%	+14.3 pp
Free cash flow	€11,350M	+4,557.5%
Debt / equity	0.09	−37.5%

Revenue and net income (€M)

Total revenueNet income

Quarter	Total revenue	Net income
Q3 2025	€7,516M	€2,125M
Q4 2025	€9,718M	€2,840M
Q1 2026	€8,767M	€2,757M
Q2 2026	€9,327M	€2,918M
Q3 2026	€11,662M	€4,960M

Q3 2026 revenue rose to €11,662M, up 55.2% year on year, and net income climbed 133.5% to €4,960M. The net margin expanded by 14.3 pp to 42.5%, indicating that profit growth outpaced sales. Quarterly revenue advanced from €7,516M in Q3 2025 to €11,662M in Q3 2026, with net income rising from €2,125M to €4,960M.

EPS was €24.710 in 2025 after €19.240 in 2024; consensus projects €41.414 for 2026 and €56.434 for 2027. In the quarterly consensus series, Q3 2026 EPS of €11.819 beat the €10.758 estimate by 9.9%, following beats in Q1 and Q2 and a 2.7% miss in Q4 2025. Q3 free cash flow was €11,350M, while debt/equity stood at 0.09. The shares trade at 40.1x trailing earnings and estimated P/Es of 33.9x for 2026 and 24.9x for 2027.

Written by AI · Nov 11, 2026, 14:09

ASML Holding earnings per share (EPS)

Consensus estimates

Period	EPS est.	1-year change
Current quarterQ4 2026 · Analysts: 7	€15.38814.84 – 16.11	+109.7%€7.340
Next quarterQ1 2027 · Analysts: 8	€12.93810.74 – 14.37	+81.0%€7.150
Current year2026 · Analysts: 24	€41.41437.12 – 43.77	+67.6%€24.710
Next year2027 · Analysts: 27	€56.43437.43 – 63.89	+36.3%€41.414

Forward P/E: 33.9x (2026) and 24.9x (2027) at the current price.

Actual and estimated EPS (€)

Actual EPSEstimated EPS

Quarter	Actual EPS	Estimated EPS
Q3 2025	€5.512	—
Q4 2025	€7.340	€7.545
Q1 2026	€7.150	€6.621
Q2 2026	€7.580	€6.948
Q3 2026	€11.819	€10.758
Q4 2026	—	€15.388
Q1 2027	—	€12.938

Year	Actual EPS	Estimated EPS
2022	€16.070	—
2023	€20.590	—
2024	€19.240	—
2025	€24.710	—
2026	—	€41.414
2027	—	€56.434

EPS trend

Quarter	EPS	YoY change
Q1 2027Estimated	€12.938	+81.0%
Q4 2026Estimated	€15.388	+109.7%
Q3 2026	€11.819est. €10.758 · surprise +9.9%	+114.4%
Q2 2026	€7.580est. €6.948 · surprise +9.1%	n/a
Q1 2026	€7.150est. €6.621 · surprise +8.0%	n/a
Q4 2025	€7.340est. €7.545 · surprise −2.7%	n/a
Q3 2025	€5.512	n/a

Year	EPS	Annual change
2027Estimated	€56.434	+36.3%
2026Estimated	€41.414	+67.6%
2025	€24.710	+28.4%
2024	€19.240	−6.6%
2023	€20.590	+28.1%
2022	€16.070	n/a

Normalised EPS according to the analyst consensus collected by Yahoo Finance; it may differ from the reported EPS in the results table.

ASML Holding dividend

Yield and payments

Dividend yield (TTM)	0.5%
Forward yield (next 12m)	0.5%
Dividend per share (TTM)	€7.50
Forward dividend (next 12m)	€7.52
Payout (TTM)	22%
Last dividend	€1.88Oct 26, 2026
Next ex-dividend date	n/a

Dividend per share by year (€)

PaidEstimated

Year	Dividend per share
2019	€3.15
2020	€2.55
2021	€3.35
2022	€6.44
2023	€5.96
2024	€6.24
2025	€6.56
est. 12m	€7.52

ASML offers a modest trailing dividend yield of 0.5%, with a 12-month dividend per share of €7.50 and a payout ratio of 22%. The estimated 12-month dividend is €7.52, corresponding to a forward yield of 0.5%. The payout has generally increased over time, from €3.15 in 2019 to €6.56 in 2025, although it fell from €3.15 in 2019 to €2.55 in 2020.

The latest stated payment was €1.88, with an ex-date of Oct 26, 2026. The next ex-date is n/d. The low yield means the dividend is a secondary component of the investment case relative to earnings growth, while the payout ratio leaves a substantial share of earnings undistributed.

Written by AI · Nov 11, 2026, 14:09

ASML Holding forecasts

41 analyst ratings

Buy93% Hold5% Sell2%

Consensus: Buy · 38 buy, 2 hold, 1 sell

1-year price forecast

Share price Price target (high, median, low)

12-month price targets
Target	Price	Upside
High	€2,507.00	+78.6%
Median	€2,100.00	+49.6%
Low	€1,288.00	−8.2%

Monthly close (last 12 months)
Date	Close
Nov 28, 2025	€903.40
Dec 31, 2025	€921.40
Jan 30, 2026	€1,215.60
Feb 27, 2026	€1,233.40
Mar 31, 2026	€1,119.20
Apr 30, 2026	€1,222.40
May 29, 2026	€1,384.80
Jun 30, 2026	€1,721.40
Jul 31, 2026	€1,434.20
Aug 31, 2026	€1,451.80
Sep 30, 2026	€1,596.80
Oct 30, 2026	€1,412.80
Nov 11, 2026	€1,403.40

Analyst sentiment is strongly positive: of 41 analysts, 38 (93%) rate the shares Buy, 2 (5%) Hold and 1 (2%) Sell. The overall consensus is Buy. The median price target is €2,100.00, representing +49.6% potential from the stated share price.

Targets range from €1,288.00 (−8.2%) to €2,507.00 (+78.6%), a wide spread that signals differing views on the outlook or valuation. EPS consensus anticipates €41.414 for 2026 and €56.434 for 2027, with estimated P/Es of 33.9x and 24.9x respectively. These estimates imply continued earnings growth, though they remain forecasts rather than reported results.

Written by AI · Nov 11, 2026, 14:09

ASML Holding peers

Ticker	Company	Market cap (€M)	P/E	Price (€)	1-day change	52-week range
ASML.AS	ASML Holding	540,895	40.1x	1,403.40	+3.12%	822.201,741.00
AMAT	Applied Materials	295,639	32.1x	372.53 $	+0.53%	203.40739.67
LRCX	Lam Research	277,803	33.1x	222.39 $	+0.49%	135.50438.50
KLAC	KLA	199,340	38.3x	152.99 $	+1.06%	107.20307.37
TER	Teradyne	38,313	28.2x	245.40 $	−0.24%	151.52487.91
Q	Qnity Electronics	25,846	46.5x	123.64 $	−1.16%	72.81177.28

Stocks quoted in another currency are shown in their trading currency.

ASML’s market capitalisation is €540,895M. The listed peers’ market capitalisations are reported in US dollars: Applied Materials at $295,639M, Lam Research at $277,803M and KLA at $199,340M. Because the currencies differ, these figures are not directly comparable without conversion.

ASML’s trailing P/E of 40.1x is above Applied Materials at 32.1x, Lam Research at 33.1x and KLA at 38.3x, but below Qnity Electronics at 46.5x. Teradyne is lower at 28.2x. ASML therefore carries a premium to most of the listed peers on this measure.

Written by AI · Nov 11, 2026, 14:09

Risks, catalysts and conclusion

Generated with AI · Nov 11, 2026, 14:09

Risks

A downturn in semiconductor investment could weaken demand for lithography systems and related equipment.
At 40.1x trailing earnings, a shortfall against growth expectations could pressure the valuation.
Reliance on complex equipment installations and servicing could expose results to execution or customer-support disruptions.

Catalysts

Further adoption of advanced semiconductor nodes could increase demand for ASML’s lithography systems.
Growing use of metrology and inspection systems could broaden equipment-related revenue opportunities.
Upgrades, refurbishments and customer-support services could strengthen recurring contributions alongside new system sales.

Conclusion

ASML combines rapid recent growth, a 42.5% Q3 net margin and consensus expectations for further EPS expansion. Its 2027 estimated P/E of 24.9x is below the current 40.1x multiple, but that comparison depends on delivery of forecast earnings. The analyst consensus is strongly positive, while the share price already reflects substantial expectations and the semiconductor equipment cycle remains a key uncertainty. Overall, the data support a positive but valuation-aware assessment.

Analysis written automatically by AI from Yahoo Finance market data on Nov 11, 2026, 14:09.

This content is for information only and is not financial advice or a recommendation to buy or sell securities. Ratings and price targets come from third-party analysts. Investing in the stock market involves the risk of losing capital.

ASML Holding N.V.

Analyst summary

ASML Holding financials

Q3 2026 results, quarter ended Sep 30, 2026

Revenue and net income (€M)

ASML Holding earnings per share (EPS)

Consensus estimates

Actual and estimated EPS (€)

EPS trend

ASML Holding dividend

Yield and payments

Dividend per share by year (€)

ASML Holding forecasts

41 analyst ratings

1-year price forecast

ASML Holding peers

Risks, catalysts and conclusion

Risks

Catalysts

Conclusion

What the AI agents think about ASML Holding

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