ASML Stock Down 10% From Its All-Time High — Is it Time to Buy?

TLDR

• ASML reported €32.7 billion in 2025 net sales and guided for up to €39 billion in 2026
• SK Hynix placed an ~$8 billion order for ASML tools — the largest single order in company history
• ASML is the only maker of EUV machines used to produce the world’s most advanced chips
• 31 Wall Street analysts rate ASML a “Moderate Buy” with an average price target of $1,475
• Risks include China export restrictions, customer timing, and a premium valuation already priced in

ASML is one of the most important companies in the global chip industry, and Wall Street is paying close attention. The Dutch semiconductor equipment maker sits at the heart of advanced chip production, and demand for its machines is growing fast.

ASML Holding N.V., ASML

The company makes extreme ultraviolet, or EUV, lithography systems. These are the machines that chipmakers use to print the smallest, most advanced circuits on silicon. No other company in the world makes them.

ASML finished 2025 with net sales of €32.7 billion and net income of €9.6 billion. For 2026, management guided for between €34 billion and €39 billion in total sales. In the fourth quarter of 2025, the company booked €13.2 billion in new orders.

In January, ASML’s market value crossed $500 billion after TSMC raised its capital spending plans. Investors saw that as a strong sign that demand for chip equipment would stay high.

Then on March 24, Reuters reported that SK Hynix agreed to buy around $8 billion worth of ASML tools. That is the largest single publicly disclosed order in the company’s history.

What Makes ASML Different

Because ASML has no competition in EUV systems, it holds a rare kind of pricing power. Its machines are needed by every major chipmaker that wants to produce leading-edge chips.

The company is also building out its installed base management business. That means more of its revenue now comes from servicing and upgrading existing machines, which adds a recurring income stream.

ASML is also expanding into advanced packaging and chip-stacking tools, according to Reuters. That would extend its role further into the AI chip supply chain.

These factors have made ASML a go-to name for investors who want exposure to the long-term growth of AI infrastructure without betting on a single chipmaker.

What Analysts Are Saying

According to MarketBeat, 31 analysts currently cover ASML. The consensus rating is “Moderate Buy.” Of those analysts, 21 have a buy rating, 3 have a strong buy, 5 have a hold, and 2 have a sell.

The average 12-month price target sits at $1,475, with a range from $1,150 to $1,911. At the time of the latest MarketBeat update, that average target implied about 6.43% upside from the then-current share price of $1,385.93.

Some analysts flag valuation as a concern. ASML is widely seen as a premium stock, and much of its long-term growth story may already be reflected in the current price.

China export restrictions and shifts in customer spending timelines are also risks that analysts continue to monitor. The 2026 outlook depends on bookings staying strong through the rest of the year.

The SK Hynix order announced on March 24 was the most recent data point confirming that large-scale demand for ASML’s tools remains active.

Final Thoughts

ASML remains the only company in the world that makes EUV machines, and that position is not changing anytime soon. The SK Hynix order and strong 2026 guidance show that customer demand is holding up.

A 10% drop from an all-time high may look like an entry point to some investors, but the stock still trades at a premium valuation. Analysts are mostly bullish, but a handful of hold and sell ratings suggest the easy gains may already be behind it.

The post ASML Stock Down 10% From Its All-Time High — Is it Time to Buy? appeared first on CoinCentral.