阿斯麦(ASML.US)绩后股价大跌 Evercore ISI高呼“逢低买入”

Core Viewpoint - Evercore ISI suggests that ASML's stock price drop after the second quarter earnings report presents a buying opportunity, maintaining an "outperform" rating with a target price of €803, approximately 14% above the closing price on July 15 [1] Group 1: Financial Performance - ASML reported strong second-quarter results with total revenue of €7.7 billion and net profit of €2.3 billion, both at the upper end of guidance [1] - The company has experienced a 35% to 40% compression in its price-to-earnings ratio over the past nine months, indicating that weak performance expectations are already reflected in the stock price [1] Group 2: Future Outlook - ASML management anticipates a potential decline in gross margins in the second half of the year due to high numerical aperture technology revenue recognition and a reduction in upgrade service offerings [1] - Despite the uncertainty surrounding growth in 2026, ASML is still expected to meet its 2025 revenue target of €32.5 billion [1] - Strong demand for artificial intelligence is highlighted as a key growth driver in the foundry logic and DRAM markets [1] Group 3: Market Reaction - Following the earnings report, ASML's stock price fell by 8.3% as of Wednesday's market close [2]