ASML's AI Supercycle Orders Just Doubled Street Expectations (Archive)

This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.

Elevator Pitch

• ASML Holding N.V. delivered €13.2bn in Q4 orders, almost double expectations, as advanced logic and DRAM demand accelerated net bookings growth.
• EUV adoption in DRAM and the ramp of the NXE:3800E tool are increasing ASML’s lithography intensity exposure across both logic and memory.
• Higher EUV mix, improving gross margins, and strong free cash flow support ASML’s plan for a €12bn buyback through 2028.
• Despite a rich forward PE, ASML’s historical premium to semiconductor equipment peers remains compressed, even as bookings and earnings expectations rise.
• ASML’s share price is in a powerful uptrend versus the S&P 500, with no clear signs of distribution or bearish technical signals yet.

Read the full article here.