New York, Feb 1, 2026, 10:39 (EST) — Market closed.
- ASML’s U.S.-listed shares finished Friday roughly 2.2% lower, capping off a volatile week.
- Attention is moving away from record orders toward delivery capacity, China exposure, and risk appetite shaped by rates.
- Traders are focused on key macro data this week, alongside ASML’s upcoming dividend schedule.
ASML Holding NV shares dropped on Friday, ending the day at $1,423—a 2.2% decline—before edging up a bit in after-hours trading. (Investing)
Markets are closed for the weekend, so all eyes turn to Monday’s open. The key question: will investors continue piling into chip-equipment stocks, or start dialing back risk after a sharp rally in January?
ASML occupies a crucial position. The company provides the advanced equipment chipmakers rely on to boost production, making its order book and guidance key indicators for the industry — particularly as investors gauge the duration of AI-fueled demand.
Earlier this week, the company projected 2026 sales between 34 billion and 39 billion euros, with its backlog at the end of 2025 around 38.8 billion euros. (Net bookings refer to new orders; backlog means orders still awaiting shipment.) CEO Christophe Fouquet described 2026 as “another growth year.” (ASML)
The optimistic outlook came with a familiar question: can ASML ramp up production quickly enough? On the company’s call, Fouquet dismissed worries about a “bottleneck,” even as analysts probed capacity and supply chain issues. Marc Hesselink of ING described the final quarterly orders report as “going out with a bang,” noting ASML’s plan to stop releasing quarterly order figures. (Reuters)
China continues to be a key variable. ASML’s management warned that China’s portion of sales will likely decline in 2026, due to export controls curbing shipments of its highest-end equipment, according to the same Reuters report.
Macro data could take center stage this week, stepping in where company news leaves off. Look for the euro zone’s flash inflation estimate on Feb. 4 and the U.S. January Employment Situation report on Feb. 6 — both have the power to sway bond yields. That often puts pressure on richly valued tech and semiconductor stocks. (European Commission)
Traders in the equipment sector will be eyeing any new hints from chipmakers about their capital spending. That’s the key factor that converts ASML’s backlog into actual revenue, and it also influences how suppliers throughout the supply chain move together in the market.
But the setup works both ways. Orders can come in fits and starts, delivery timelines may shift, and tighter export rules can alter the types of systems shipped and serviced, even if demand appears robust.
ASML’s dividend schedule is in focus next. The interim dividend will go ex-dividend on Feb. 9 on Euronext Amsterdam and Feb. 10 on Nasdaq. Payment is set for Feb. 18, per the company’s dividend timetable. (ASML)
