On July 21, ASML rose 3.02% in pre-market trading, trading at $1,791.00/share, with turnover of $5.8 million. The move comes amid a broad semiconductor equipment sector rally, with peers gaining 4-6%.
The advance extends momentum from ASML's Q2 earnings report on July 15, where total net sales reached 9.326 billion euros with a 54% gross margin, both exceeding guidance. The company raised full-year revenue guidance to 430-450 billion euros, its second upward revision this year, and announced plans to increase EUV and DUV production capacity by 30% in both 2027 and 2028 to meet surging AI-related demand. Multiple investment banks subsequently raised price targets, with Kepler at 2,300 euros, Deutsche Bank at 2,150 euros, and Berenberg at 2,100 euros. Additionally, the company disclosed a 20,000-euro retention stock award for all eligible employees vesting in 2030, underscoring confidence in its multi-year growth trajectory. Market commentary has increasingly focused on whether ASML can become Europe's first trillion-dollar company, with its market cap approaching $700 billion after a 60% year-to-date gain.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)