Reading the tape
NASDAQ: ASML
ASML Holding N.V.
Technology · Semiconductors
Market Cap
$613.59B
52w High
$1,595.31
52w Low
$683.48
P/E
50.79
Volume
2.28M
Outstanding Shares
385.42M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inModerate confidence
1Y Price: 124.85%Revenue (TTM): 9.7%FCF (TTM): -11.88%P/FCF: 83rd pct
What changed
The stock rose 124.85% over the last year. Revenue grew 9.7% over the trailing twelve months. Operating margin moved from 33.76% to 34.79%. Free cash flow declined 11.88% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (83rd percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 34.79% — continued expansion would be needed to justify the premium. Revenue growth of 9.7% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers.
CEOChristophe D. Fouquet
SectorTechnology
IndustrySemiconductors
Employees43,129
IPO dateMar 15, 1995
Valuation
Forward P/E—
EV/EBITDA27.37
Enterprise value$343.55B
Stock splits
Nov 29, 2012↓ Reverse
Every 100 shares became 77
Oct 1, 2007↓ Reverse
Every 9 shares became 8
Apr 17, 2000↑ Forward
Every 1 shares became 3
May 8, 1998↑ Forward
Every 1 shares became 2
May 12, 1997↑ Forward
Every 1 shares became 2
Profitability & growth
Revenue growth13.25%
Gross margin52.6%▲3.03%vs FY2024
Operating margin34.79%▲8.37%vs FY2024
ROE49.02%▲19.62%vs FY2024
Analyst consensus
RatingBuy
Target price$1,694.00▲6.41%
26
Buy
16
Hold
3
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 15, 2026
Q3 FY26 · EPS est $8.08 · Revenue est $10.5B
View
Dividends
$5.07/shareSemi-annualSafeASML pays a dividend with a 0.32% dividend yield, growing at 20.33% annually, covered 4.3× by free cash flow.
Dividend Yield
0.32%
Annual Div / Share
$5.07
TTM $7.50
5yr CAGR
+20.33%
Doubles every ~3.7yr
Payout Ratio
25.67%
Safe
Dividend Growth Rate
3yr CAGR
+1.29%
5yr CAGR
+20.33%
10yr CAGR
+24.4%
Dividend Safety
10/10Safe
Dividend History
Annual dividends paid per share
YearAnnual DivYoY
2025$7.20+7.2%
2024$6.71+4.0%
2023$6.46-6.8%
2022$6.93+74.1%
2021$3.98+39.5%
2020$2.85-19.7%
2019$3.56+106.9%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$3/yr
$0/mo
In 5 yrs
$6/yr+76%
$0/mo
In 10 yrs
$10/yr+211%
$1/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$3/yr $0/mo | $6/yr+76% $0/mo | $10/yr+211% $1/mo |
Long-range projections use a capped 12% annual growth assumption.
Yield-on-cost grows from 0.32% → 0.99% over 10yr
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 4.3× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 20.33% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.
Congressional Activity
Congress Trades in ASML
STOCK Act disclosures from senators and representatives.
Michael McCaul
TXhouseRepublicanSaleSpouse2026-03-31$1,001 - $15,000+10d to disclose
Jared Moskowitz
FLhouseDemocratPurchase2026-03-31$1,001 - $15,000+31d to discloseJared Moskowitz
FLhouseDemocratPurchase2026-03-23$1,001 - $15,000+39d to disclose