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ASML Holding N.V. ASML

ASML Holding N.V. scores excellent on business quality (8.4 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$1,780Oct 10, 2026
Business qualityExcellent
Next earningsOct 14, 2026, before the open
Insiders, 90 daysQuiet

Why it matters

  1. What ASML Holding N.V. does

    ASML designs and manufactures lithography systems that use extreme ultraviolet light to print microscopic circuits on silicon wafers. Chipmakers pay billions for these unique tools to keep Moore's Law alive. Revenue surged to $40.3B as advanced node demand presses chipmakers to secure capacity early.

  2. What it does best

    ASML holds a near-monopoly on extreme ultraviolet lithography systems, backed by an operating margin in the top decile of its sector at 34.8%. Decades of optical physics research and a supply chain spanning Zeiss make replication nearly impossible for rivals.

  3. The main risk

    Customer concentration and geopolitical export controls threaten future tool placements. If key fab clients delay factory buildouts, high fixed overhead could compress its 50.7% gross margin.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityStrong

Operating margin sits at 34.8% alongside an FCF margin in the top quartile of its sector at 74th percentile, driven by high system pricing power. Scaling yields more cash as R&D amortizes over higher unit volumes.

MoatStrong

Technological exclusivity locks in leading logic and memory chipmakers globally. A return on equity of 41.5% shows how effectively this moat extracts pricing power.

GrowthFast

Revenue grew 15.6% over the latest period, accelerating from prior years as demand for AI-enabling semiconductor manufacturing equipment drives volume.

Financial healthStrong

With $15.2B in cash and interest coverage at 123x, debt costs are a rounding error. Free cash flow reached $11.4B, pointing to a rock-solid balance sheet getting stronger.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

No open market buys or unplanned sales by executives or directors.

Our sealed record on ASML

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is ASML a good business?

ASML Holding N.V. scores excellent on the Cluenex quality check (8.4 of 10), measured against its own industry. Profitability is strong, moat strong, growth fast and financial health strong.

Are insiders buying ASML?

In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.

When does ASML report earnings?

Oct 14, 2026, before the open.

For members

See ASML today

  • Today's verdict on ASML, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “ASML Holding N.V. (ASML)”, https://cluenex.com/stocks/asml/, data as of Oct 10, 2026.