New York, Jan 25, 2026, 16:35 EST — Market closed.
- ASML’s shares on the U.S. market slipped 0.4% Friday, closing at $1,389.04.
- Traders are bracing for ASML’s quarterly earnings on Wednesday, coinciding with the Federal Reserve’s policy decision.
- Chip-equipment peers closed mixed, as the sector remains on edge over changes in AI-related spending and ongoing policy uncertainty.
ASML Holding NV shares slipped on Friday, ending the day quietly as investors held back ahead of the chip-equipment maker’s earnings report and the Federal Reserve’s upcoming decision later this week.
Timing is crucial. A flood of U.S. earnings reports and a Fed meeting are about to hit just as tech valuations remain stretched. Investors want to see if the heavy spending on artificial intelligence is finally paying off. “The earnings bar had better be met,” said Chris Galipeau, senior market strategist at Franklin Templeton, in a Reuters report. (Reuters)
ASML is under the microscope for its demand indicators. Its machines print minuscule circuits onto silicon wafers, making its forecasts a key gauge for chipmakers’ expansion plans. Investors hone in on guidance and order momentum — the dollar value of new system commitments — as these numbers hint at revenue down the line.
U.S. stocks finished mixed on Friday following a volatile week, as Intel tumbled sharply on a forecast that fell short of expectations. A Janus Henderson portfolio manager called the upcoming period a “show-me” phase for firms capitalizing on the AI trend, according to a Reuters report. (Reuters)
Semiconductor stocks showed mixed moves against that backdrop. The iShares Semiconductor ETF slid 1.1% on Friday. Applied Materials climbed 1.1%, Lam Research dropped 1.3%, and KLA edged up 0.8%, leaving no obvious leader as Monday approaches.
ASML has announced its schedule for the upcoming earnings. The company will release its fourth-quarter and full-year 2025 results on Wednesday, January 28. The press release drops at 07:00 CET, followed by a press conference at 11:00 CET. Later that day, CEO Christophe Fouquet and CFO Roger Dassen will host an investor call at 15:00 CET. (ASML)
That report comes on the heels of a strong rally earlier this month, sparked by Taiwan Semiconductor Manufacturing Co’s decision to boost its 2026 capital expenditure to $52 billion-$56 billion. Investors took that as a clear sign of rising equipment demand. “The market has underestimated again how large is the demand for AI,” said Han Dieperink, chief investment officer at Aureus, in a Reuters piece at the time. (Reuters)
Dividend news might grab attention alongside earnings. ASML’s schedule indicates an interim dividend announcement on January 28, with ex-dividend dates set for early February and the payment slated for later that month, all part of the 2026 interim dividend timeline. (ASML)
The week isn’t off the hook yet. Any surprise on rate outlooks could shake up high-flying tech stocks. Semiconductor firms stay on edge over policy moves affecting global trade and supply chains. Signs of weaker demand from chipmakers would likely emerge in ASML’s outlook, rather than just one quarter’s revenue.
ASML steps into Monday with the market still betting heavily on positive developments across the AI supply chain. Investors are focused on whether the company can sustain its long-term narrative without throwing in any unexpected twists.
The next major event comes Wednesday, January 28, when ASML reports earnings at 07:00 CET. The day includes a management press conference and an investor call. Traders will also be watching closely for the Fed’s policy announcement.
