ASML Holding NV

ASML: XAMS (NLD)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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ASML Earnings: Outlook Is Magnificent, but Valuation Overshoots Our Fair Value Estimate

Javier Correonero

Apr 15, 2026

ASML’s first quarter, updated 2026 EUR 36 billion-EUR 40 billion revenue outlook, and management commentary were very bullish. This is no surprise, as demand for advanced logic and memory semiconductors remains very strong, with potential undersupply extending to 2028 or beyond.

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ASML Holding NV

ASML Earnings: Outlook Is Magnificent, but Valuation Overshoots Our Fair Value Estimate

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