Close
€1,505.40
-0.15% Thursday
Three sessions: -7.14%
2026 performance: about +64%
2026 performance: about +64%
ASML Loses €45 Billion Market Value Over Three Days, Echoing 2026 Sales Forecast
VELDHOVEN, August 20, 2026, 20:45 CEST — Shares in ASML Holding N.V. fell by roughly €45.0 billion in market capitalization from the close of trading on Monday to the end of Thursday, an amount just above the midpoint of the chip-tool group's sales outlook for 2026.
ASML · AMS:ASML
Growth intact. Multiple under pressure.
The three-session selloff erased roughly one full year of guided sales.
Amsterdam closed
Price as of August 20, 2026, 17:39:47 CEST
Price as of August 20, 2026, 17:39:47 CEST
Equity value erased
€44.95bn
Monday close to Thursday close
2026 sales guide midpoint: €44.0bn
Valuation
55.83×
Trailing P/E at Thursday close
Forward P/E56.6×
Peer average54.6×
Five-session price path
Operating acceleration
Q2 sales€9.33bn
Q3 guide midpoint€11.50bn
Sequential growth+23.3%
Q3 margin midpoint56.0%
2026 sales midpoint€44.0bn
2027 low-NA EUV capacityabout +30%
44-analyst recommendation mix
Average target implies +32.9%; the low target implies -14.2%.
What matters next
€1,487.60 intraday supportGlobal bond yieldsMemory capex signalsEUV capacity executionExport controls
The near-term test is valuation, not the latest sales guide. A stable yield backdrop would let investors refocus on Q3 growth and 2027 EUV output.
Sources: ASML Q2 2026 and FY2025 releases; Google Finance; Investing.com historical prices; S&P Global consensus via StockAnalysis; Simply Wall St peer valuation. Market-value loss is an estimate using the €115.80 share-price decline and 388.15 million shares outstanding. Prices in euros.
ASML Shares Gain 0.4% Amid 38%-49% Second-Half Sales Surge While Bond Market Slides
Shares of ASML Holding N.V. climbed 0.39% to €1,547.80 on Wednesday, bucking the broader decline in semiconductor stocks. Infineon Technologies AG and STMicroelectronics N.V. each lost over 1%. The quoted prices were delayed by 15 minutes and recorded at 14:17 CEST.
ASML Holding N.V. · AMS:ASML
Execution strength meets rate pressure
Market data: August 19, 2026, 14:17 CEST · 15-minute delayed
Financial data: Q2 2026 results and full-year company guidance
Financial data: Q2 2026 results and full-year company guidance
Market open · Relative outperformer
Amsterdam price
€1,547.80
▲ 0.39% on the day · 14:17 CEST
ASML rose while Infineon and STMicroelectronics fell more than 1%.
Market cap
$681.6B
TradingView estimate
Trailing P/E
56.2×
Premium growth multiple
FY sales guide
€43–45B
Raised in July 2026
FY margin
54–56%
Gross-margin guidance
The key math: a back-loaded 2026
ReportedImplied from guidanceH2 must grow 37.7%–48.7% versus H1
Quarterly momentum
Total sales€8.77B → €9.33B +6.4%
Installed-base sales€2.49B → €2.76B +11.0%
New systems sold67 → 86 +28.4%
Gross margin53.0% → 54.0%
Net income€2.76B → €2.92B +5.8%
Q3 sales guidance of €11–12B is 18%–29% above Q2.
Analyst target map
ConsensusStrong Buy
Average-target upside+28.9%
Positive ratings40 of 44
Same-session European peer check
| Company | Day | P/E |
|---|---|---|
| ASML | +0.39% | 56.2× |
| Infineon | -1.50% | 61.8× |
| STMicroelectronics | -1.03% | 103.8× |
ASML outperformed these peers by 1.4–1.9 percentage points.
Buyback valuation check
Current quote€1,547.80
Lowest disclosed buyback price€1,587.15
Highest disclosed buyback price€1,696.17
Current discount to range2.5%–8.7%
Company weighted-average purchase prices, June 29–July 3, 2026.
Catalysts and risks
Capacity catalystAbout 30% more low-NA EUV and immersion DUV capacity planned for 2027.
High-NA proofIntel is producing selected Panther Lake layers with High-NA EUV.
Execution riskBack-loaded revenue leaves little room for acceptance or supplier delays.
Valuation riskMulti-year-high bond yields raise the discount rate on future earnings.
ASML (AMS:ASML) Holds Steady as Q4 Guidance Targets €14.4 Billion
ASML Holding NV requires approximately €14.4 billion in fourth-quarter revenue to achieve the midpoint of its 2026 target. This early estimate is based on ASML’s guidance for the full year and the third quarter. The focus shifts to the pace of sales ramp-up at year-end, rather than a new demand indication.
AI Chip Shares Extend Losses Despite Robust Earnings Reports
Global chip stocks declined on Friday, even as leading companies posted improved earnings. Taiwan Semiconductor Manufacturing posted a 77.4% rise in profit, while ASML Holding lifted its sales forecast for the full year.
ASML ups 2026 outlook, pointing to possible €13–16 billion Q4
ASML Holding NV bumped up its 2026 sales outlook Wednesday, but focus from investors has moved to delivery, not just demand. By backing out the Dutch chip equipment maker’s new targets, fourth-quarter sales look set to hit €12.9 billion to €15.9 billion, putting them at least 33% over the company’s old quarterly high.
ASML Stock’s Next 7% Move May Top Its Annual Revenue in Value
ASML Holding heads into Wednesday’s results with a sharp setup: a 7% swing in the stock now means about €42 billion in market cap changes, which tops the midpoint of its 2026 sales outlook at €38 billion. Saxo investment and options strategist Koen Hoorelbeke said shares have jumped more than 7% on earnings day six times in the last eight quarters. ASML finished Friday at €1,569, down 4% over five days, but shares are still up 70.3% this year. The trailing P/E stands at 60.7.
ASML (AMS:ASML) Effect Lifts Europe Index Numbers, But Rally Is Broader
European stocks nudged up Friday, with the STOXX 600 quoted at 641.78 for a 0.14% gain in late morning. Under the surface, some buying showed, but the headline index stayed nearly flat. ASML dropped 2.32%.
ASML rally trims analyst upside ahead of July 15 earnings
ASML Holding N.V. traded higher Friday, with shares last at 1,626.60 euros, up 3.1% from Thursday's close of 1,577.80 euros. The stock moved between 1,588.40 and 1,636.40 euros on the day. Some investors are watching the gap between the current price and analyst targets instead of just the daily move.
South Korea chip shift moves AI capex focus to tool makers
ASML Holding was the biggest mover after South Korea’s new chip spending news. Shares in the Dutch equipment maker ended up 6.79% at 1,721.40 euros in Amsterdam on June 30. ASML’s market cap hit 675.86 billion euros, Google Finance shows. The gain adds around 43 billion euros to equity value in a day.
Nasdaq Futures Drop Ahead of Open as Debt Concerns Hit AI Stocks
Tech names weighed on Wall Street futures early Tuesday as contracts pointed lower before the open. Investors pulled back from artificial intelligence trades while worries about a hawkish Fed path added pressure. Futures trade ahead of the main session and offer a view on where indexes may open.
Dispute over ASML China EUV orders puts U.S. export rules to the test
ASML is under new scrutiny in the U.S. after reports surfaced that China could have one of the company’s most advanced chipmaking tools. The move throws Europe’s biggest tech name back into the spotlight as Washington presses efforts to block Chinese access to high-end artificial intelligence hardware.
ASML drops after China chip-tool issue interrupts AI rally
ASML Holding shares fell in Amsterdam Friday after the chip-equipment giant said it has not shipped its top-end lithography technology to China. The move raised new export-control questions, hitting one of Europe’s biggest AI-related stock rallies. Shares were down 0.6% at €1,666.00 at 13:37 CEST, after touching an intraday low of €1,631.40, according to Google Finance.
ASML stock rises after Citi AI call boosts chip-equipment names
ASML Holding shares jumped 4.10% in Amsterdam on Wednesday, finishing at €1,656.40. The AEX index advanced 1.18% to close at a record high. ASML’s ADRs in New York traded at $1,919.39, up $115.50. The stock earlier hit $1,938.00.
ASML Shares Dip After Terafab Hype Faces EUV Shipping Hurdle
ASML Holding NV slipped in Amsterdam on Wednesday, down 0.44% at €1,501.80. That’s after the stock surged 3.58% Monday and then gave back 0.41% Tuesday. Shares cooled with investors questioning if the fresh Terafab buzz will convert into real orders for ASML’s AI chipmaking equipment.
ASML Hits All-Time High, Then Falls in Chip Stock Rout — Eyes on Monday
ASML Holding NV starts the week with its record rally pulled back, but not wiped out. A chip selloff on Friday hit AI stocks in Europe and the U.S. ASML’s Amsterdam shares finished Friday at 1,462.20 euros, losing 2.39%. Its U.S. shares fell 6.59% to $1,641.74, according to ASML’s June 5 factsheet.
ASML Trading Close to €1,500 After New Wall Street Backing
ASML Holding shares nearly hit €1,500 in Amsterdam on Thursday, building on their AI-fueled rally. The stock got a boost after two brokerages lifted their price targets. Its key end-market is still seeing tight supply.
ASML Shares Set 52-Week Peak; China Remains Key Risk for Traders
ASML Holding shares fell in Amsterdam this week after touching a new 52-week high. Investors weighed the strong AI order cycle against fresh concerns about China trying to bypass Western chip-equipment restrictions.
ASML draws fresh attention from Wall Street in AI push
ASML is back in focus for AI stocks after Coatue Management disclosed a $655.4 million stake in the Dutch chip-tool maker and UBS called it its favorite European semiconductor name. The latest moves add to the basic market view: Nvidia chips need the gear that ASML builds.
ASML Stock’s AI Boom Has a Catch: TSMC Won’t Rush the $410 Million Machine
Shares of ASML Holding N.V. in Amsterdam climbed 2.3% late Friday. The bigger question for the Dutch chip-gear maker: Can it translate AI demand into shipments quickly enough, especially with TSMC holding off on its most advanced systems? High-NA EUV—the company’s high-resolution extreme ultraviolet lithography—lets customers etch finer chip details, but Bloomberg puts the price tag north of €350 million, or $410 million, per machine.
ASML Says It Can Keep Up With AI Chip Boom in 2026, but China Curbs Still Loom
ASML on Wednesday pledged it won’t be the choke point in next year’s push to ramp up AI chip production, following heavy investment to boost capacity of its lithography systems—the gear that etches circuits onto chips. Chief Executive Christophe Fouquet, speaking at the Dutch company’s annual general meeting, said the firm would prevent bottlenecks “by all possible means.”
TechStock² Updates
