Key Takeaways ASML projects EUV sales growth of about 30% in 2025, driven by AI and high-performance computing.New NXE:3800E tools improve efficiency, boosting chipmaker productivity and margin potential.2026 visibility remains uncertain amid tariffs, export restrictions and geopolitical tensions.ASML Holding N.V. (ASML) is set to deliver another year of solid growth, with its Extreme Ultraviolet (“EUV”) sales anticipated to increase about 30% in 2025. This optimistic expectation is driven by chipmakers exp ...

Core Insights - ASML Holding's sales to China represented 27% of total revenues in Q1 2025, exceeding previous expectations of low-20% levels, driven by strong demand for DUV lithography systems used in mature-node chip manufacturing [1][9] - EUV system exports to China remain restricted due to U.S. and Dutch export controls, aimed at preventing China from producing advanced chips [2][9] - Despite the trade tensions, ASML has not observed any changes in customer behavior or order cancellations, although the management acknowledged increasing uncertainty in the trade environment [3][4][9] Company Performance - ASML's share price has increased approximately 15.4% year-to-date, outperforming the Zacks Computer and Technology sector, which gained 7% [8] - The forward price-to-sales ratio for ASML is 8.23, significantly higher than the sector average of 6.57 [10] - The Zacks Consensus Estimate indicates a year-over-year earnings increase of about 32% for 2025 and 10.1% for 2026, with recent upward revisions for 2025 estimates [11]