Is ASML Holding N.V. (ASML) A Good Stock To Buy Now?

Is ASML a bully banal to buy? We came crossed a bullish thesis on ASML Holding N.V. connected Grillo Insights’s Substack by Eric García. In this article, we volition summarize the bulls’ thesis connected ASML. ASML Holding N.V.'s stock was trading astatine $1,458.97 arsenic of April 21st. ASML’s trailing and guardant P/E were 48.06 and 41.15  respectively according to Yahoo Finance.

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ASML Holding N.V. delivered a highly bullish acceptable of fourth-quarter and full-year 2025 results, reinforcing its presumption arsenic the astir captious enabler of the planetary artificial quality semiconductor buildout. ASML Holding N.V., the world’s lone supplier of EUV (extreme ultraviolet) lithography systems, sits astatine the halfway of precocious spot manufacturing, enabling accumulation of leading-edge semiconductors utilized successful AI accelerators, high-performance computing, and next-generation user devices.

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In 2025, the institution reported nett income of 32.7 cardinal euros, up 16% twelvemonth implicit year, and nett income of 9.6 cardinal euros, up 27%, reflecting some accelerating request and beardown profitability. The astir almighty awesome successful the study was bookings, which reached 13.2 cardinal euros successful Q4 alone, with EUV systems contributing 7.4 cardinal euros, an 86% summation twelvemonth implicit year, confirming that AI-driven capex from starring foundries is intensifying alternatively than slowing.

ASML Holding N.V. closed 2025 with a grounds backlog of 38.8 cardinal euros, including 25.5 cardinal euros successful EUV systems, providing 18–24 months of gross visibility and importantly de-risking near-term earnings. EUV strategy income surged 391% to 11.6 cardinal euros, driven by 48 strategy deliveries and aboriginal High-NA adoption, reinforcing ASML’s technological monopoly and widening its competitory moat. Gross margins remained beardown astatine 52.8%, with 2026 guidance of 51–53%, highlighting durable pricing powerfulness adjacent amid premix shifts.

The Installed Base Management conception added further strength, generating 8.2 cardinal euros successful recurring, high-margin revenue, up 26%, transforming ASML into a much predictable, annuity-like concern arsenic its installed EUV fleet expands. Free currency travel of 11.0 cardinal euros enabled 8.5 cardinal euros successful shareholder returns portion maintaining a beardown equilibrium sheet.

Despite China vulnerability normalizing lower, request from AI leaders similar TSMC and Samsung remains robust. With 2026 gross guidance of 34–39 cardinal euros and semipermanent targets of 44–60 cardinal euros, ASML Holding N.V. remains a structurally dominant, highly cash-generative AI infrastructure compounder.