ASML is much more than a manufacturer of semiconductor equipment. It is a company with a monopoly position in EUV lithography, operating at the heart of global technological innovation.

I would like to highlight a few of the company's key points:

- The only global supplier of EUV lithography, an essential technology for 2 nm chips and below, with high barriers to entry;

- Solid financial track record, with robust revenue and profit growth, consistent cash generation and solid capital structure; 📊

- Highly profitable business model, with gross margins above 50% and return on capital (ROCE) above 24%; 📈

- Attractive shareholder remuneration, through stable dividends and regular share buyback programs; 💼

- Attractive valuation with the share trading at historically low multiples, with potential appreciation from the current price of over 18% per year over the next 5 years. 🚀

With its strong positioning, critical technology and proven ability to execute, I see ASML as a differentiated investment opportunity in the European technology sector.

🔎 If you want to know more about this investment opportunity, visit the full analysis at: https://dalemcapital.substack.com/p/asml-holding-analise-completa

#asml
#investing
#semiconductor
#tech
#stocks
#ações
#moat
#longterm
#equityresearch
#getquin
$ASML (+1,04 %)
$ASML (+1,31 %)
$ASMLF

$ASML (+1,04 %)
$ASML (+1,31 %)
$ASMLF

• Revenue: €7.69B (Est. €7.51B) ✅; +23% YoY
• EPS: €5.90 (Est. €5.22) ✅;+47% YoY
• Gross Margin: 53.7% (Est. 51.9%) ✅; +220bps YoY
• Net Bookings: €5.54B (Est. €4.80B) ✅; -0.5% YoY

Guidance

• FY25 Revenue Growth: ~15% YoY (Prior: €30-35B)
• FY25 Gross Margin: ~52% (Prior: 51%-53%)
• Q3 Revenue: €7.4B-€7.9B (Est. €8.21B)
• Q3 Gross Margin: 50%-52% (Est. 51.4%)

Comment from the CEO:

• "Tariffs were slightly less negative than we expected."
• "We are preparing for growth in 2026, but cannot confirm this due to the increasing uncertainty."
• "Gross margin was above forecast due to higher upgrade business and one-off promotions."

• "The introduction of EUV and High NA is progressing as planned; the first EXE:5200B system has been delivered."

✌️

$NVDA (+1,02 %)
$AMD (-0,05 %)
$TSM (+0 %)

ASML's share price has historically kept pace with the growth in its earnings per share, until now...

Strong earnings per share in the first quarter and still expected to improve earnings per share in the second quarter.

By ignoring the noise, you'll see what opportunities are available.

$ASML (+1,04 %)

$ASML (+1,31 %)

#asml

#Investimento

#Semicondutores

#LongoPrazo

#Tecnologia

#ações

#getquin

A long-term investment in a company that is the undisputed leader in semiconductor lithography technology. 🌍💡

🔹 Virtual monopoly on EUV machines

🔹 Strong growth in demand with the transition to more advanced chips

🔹 Robust margins and consistent cash flow generation

Strategic role in the global semiconductor chain

Focus on long-term investmentsin high quality companies companies, a reasonable reasonable prices and with an ownership mentality ("ownership mentality"). 🧠

#ASML
$ASML (+1,04 %)
$ASML (+1,31 %)

#Investimento

#Semicondutores

#LongoPrazo

#Tecnologia

#ações

#getquin

$ASML (+1,04 %)
$ASML (+1,31 %)

• Sales: € 7.74 billion (estimated € 7.75 billion) ❌ ; increase of +46% compared to the previous year, decrease of -16% compared to the previous quarter
• Gross margin: 54.0% (estimated 52.5%) ✅
• Net bookings: € 3.94 bn (estimated € 4.82 bn) ❌ ; decrease by -44% QoQ, increase by +9% YoY
• Customs announcements have increased uncertainty.

Q2'25 guidance:

• Sales: € 7. 2 bn - € 7.7 bn (estimate € 7.66 bn) 🟡
• Gross margin: 50%-53% (estimated value: 52.3%) 🟡

Forecast for the 2025 financial year:

• Sales: € 30 billion - € 35 billion (estimated value: € 30.96 billion) ✅
• Gross margin: 51%-53% (estimated value: 52.1%) 🟡

Segment and product commentary:

• EUV sales: increase of +8% QoQ; ASP at € 230 million.
• DUV sales: decline of -39% QoQ
• EUV system deliveries: 14; unchanged QoQ
• Logic sales: decline of -24 % QoQ
• Memory sales: weak; customer TSMC -5% QoQ
• China sales: down -19% QoQ; now 27% of total sales vs. 49% YoY

Strategic and capital updates:

• Quarterly dividend increase: € 6.40/share (up +4.9% YoY)

Comment from the CEO and CFO:

• "AI continues to be the most important growth driver in the industry."
• "Discussions with customers support our forecast that 2025 and 2026 will be growth years."
• "Despite weaker bookings this quarter, our long-term targets for 2025 and 2030 remain unchanged."

Tariff & Macro Commentary:

• Tariffs could impact:

1. new system shipments to the U.S.

2. parts/tools for U.S. field ops

3. imports into U.S. manufacturing

4. exports from the U.S. to other countries

• Actively working to mitigate supply chain impacts from tariff uncertainty
• No change in FY25 revenue/gross margin guidance despite geopolitical risks