ASML, the Dutch technology group headquartered in Veldhoven, is the only manufacturer in the world of EUV lithography machines, a near-monopoly that places it upstream of the entire chip and artificial intelligence industry. In Q2 2026, the company reported revenue of 9.33 billion euros, up 21% year-over-year, with net profit of 2.92 billion euros and a gross margin of approximately 54%, before raising its annual guidance to 43-45 billion euros from a previous range of 36-40 billion. The stock trades around 1,490 euros, valuing the company at 576 billion euros, or roughly 55 times earnings, after surging nearly 50% since the start of 2026 and 134% over the past year. The main concerns for investors remain the elevated valuation near all-time highs, the inherent cyclicality of the semiconductor sector, and geopolitical exposure to US export restrictions on sales to China.
Source: Read the original article
