Aletheia upgrades ASML stock rating on capacity expansion outlook

ASML plans to increase prices of chipmaking parts for Samsung and SK Hynix by 10% for EUV and DUV lithography systems, according to a report by The Elec. The price hike will affect deliveries starting in 2024.

BofA Securities raised its price target for ASML Holding to €2,557 (US$2,915 for the ADR) and reiterated its 'buy' rating, citing higher revenue and EPS estimates due to increased pricing and unit forecasts. The broker expects ASML to deliver a 50% EPS CAGR over 2025-28E, driven by higher gross margins. ASML's system revenues are projected to grow significantly, with potential upside from higher ASP increases. BofA's estimates assume a 5% ASP increase and 2.5% input cost increase in CY28E.

ASML, a Dutch semiconductor equipment maker, is set to report Q3 results on October 14. Investors focus on EUV lithography equipment orders and 2027 outlook. Q3 revenue guidance is €11B–€12B, with a market consensus of €11.66B. Q2 revenue was €9.33B, exceeding expectations. ASML raised its full-year revenue outlook to €43B–€45B. Key metrics include new bookings and EUV equipment orders, which signal long-term demand for AI-related semiconductors.

ASML, a Dutch semiconductor equipment maker, will raise prices on replacement parts for lithography equipment in South Korea by 10% starting January 2027. Samsung Electronics and SK Hynix have accepted the increase, potentially setting off a domino effect in the semiconductor equipment and parts supply chain. ASML's parts and services segment generated €8.193 billion in 2025, representing 25% of total sales.

ASML Holding (ASML) closed at $1,780.34 on October 9, 2026, trading near 55 times trailing earnings. The company will report Q3 results on October 14, with guided net sales of €11.0–12.0 billion. Investors focus on orders for EUV and High-NA systems for 2027 and 2028. ASML's shares are up 67% this year but fell 4.7% recently due to concerns about Chinese demand and High-NA adoption. The stock's high valuation leaves little room for order disappointments.

ASML, the world's largest semiconductor equipment maker, will raise prices by 10% on replacement parts for EUV and DUV lithography systems, effective January 2027. The increase, finalized after discussions with Samsung Electronics and SK Hynix, covers all parts, from consumables to major components. ASML reported €8.193 billion in service, parts, and upgrade revenue last year, 25% of total sales. The company forecasts over 30% growth in this business this year.