New York, January 24, 2026, 10:26 EST — The market has closed.
- Shares of ASML listed in the U.S. slipped 0.4% to $1,389.04.
- Tech and semiconductor stocks face a busy week ahead as ASML prepares to release earnings on Wednesday
- Investors are hunting for new signals on chip-factory spending and order volumes in 2026
ASML Holding NV shares wrapped up the week mostly flat ahead of a key earnings report due midweek. The stock closed Friday at $1,389.04, slipping 0.4%, while U.S. markets remained closed on Saturday.
Sentiment took a hit late in the week as Intel’s steep 17% plunge weighed heavily on the AI supply chain. The chipmaker missed the mark with quarterly revenue and profit forecasts, rattling investors on Friday. Wall Street’s major indexes ended the week mixed after swings fueled partly by tariff worries. “We’re going to be in a ‘show-me’ period… you have to put up the revenue growth,” said Janus Henderson portfolio manager Julian McManus. (Reuters)
ASML plans to release its Q4 2025 and full-year earnings on Wednesday, January 28, with the press statement due at 07:00 CET. CEO Christophe Fouquet and CFO Roger Dassen will lead a press conference and investor call later the same day. (ASML)
ASML stock faces a clear test: orders and guidance. Attention will zero in on “bookings,” the dollar amount of new orders secured during the quarter, alongside management’s comments on delivery timelines, factory expansions, and customer spending projections for 2026.
ASML’s mood this month has hinged on capex cues from key clients, notably Taiwan Semiconductor Manufacturing Co. Back in early January, TSMC announced plans to spend between $52 billion and $56 billion on capital expenditures in 2026—exceeding analyst forecasts. That figure gave a boost to chip equipment stocks and supported the ongoing AI-driven spending story. (Reuters)
But the week closed on a note that demand isn’t always straightforward, even with “AI” dominating the headlines. Intel pointed to supply bottlenecks in its data-center chips. TD Cowen analysts argued the stock’s rally before earnings was fueled more by “the dream” than actual near-term fundamentals. Bernstein went further, saying Intel “woefully misjudged” the server cycle. (Reuters)
ASML investors will be closely tracking any signs of disruption in capital spending timing—not only in overall budgets but also through delays, pushbacks, and a cautious approach to new tool orders. This is crucial since ASML’s equipment is positioned early in the chipmaking process.
Applied Materials and Lam Research often move in sync. Strong ASML bookings and steady guidance can boost the sector; a weak order update tends to drag down the entire equipment group.
Risks cut both ways. Trade tensions and geopolitical upheavals have unsettled markets this week, with ASML caught in the crosshairs of changing export regulations and international disputes. New tariffs, tighter restrictions, or even a pause from customers could quickly impact order flow — and ASML’s stock price reflects those lofty expectations.
Investors are eyeing the Federal Reserve’s policy meeting scheduled for January 27-28. Expectations around interest rates often shake up big tech and chip stocks, particularly as the market seeks confirmation that heavy AI investments are starting to pay off in revenue. (Federal Reserve)
Trading picks up Monday, but the real event for ASML stock hits Wednesday, January 28, with the company’s earnings release and management’s take on bookings and demand for 2026. The Fed’s decision that day adds another layer of uncertainty to the week.
