Key Highlights
- Elon Musk lauded ASML as “arguably the greatest company in Europe” via X on Saturday, days before his appearance at the company’s exclusive technology conference on Thursday
- The Tesla CEO requires ASML’s cutting-edge extreme ultra-violet (EUV) lithography equipment for his ambitious Terafab semiconductor facility in Texas, valued between $55B and $119B
- Shares of ASML have delivered a 53% gain in 2026 and climbed 3.9% during Monday’s session, hovering just 3% beneath its record high
- Bank of America maintained its Buy recommendation with a $2,268 price objective, forecasting revenue could hit €73 billion by 2030 — surpassing ASML’s internal projections of €44B–€60B
- The bank anticipates gross profit margins exceeding 60%, operating margins reaching 50%, and earnings per share climbing above €90 by decade’s end
Elon Musk will participate in ASML’s exclusive technology summit in the Netherlands this Thursday, occurring one day prior to SpaceX’s anticipated public market debut. The invitation was initially disclosed by Bloomberg.
In a weekend post on X, Musk declared: “ASML should be treasured. It is arguably the greatest company in Europe.” The praise came with context behind it.
The billionaire entrepreneur is developing Terafab — a comprehensive semiconductor production and computing infrastructure in Texas supported by Tesla, SpaceX, and xAI. Financial projections for the facility span from $55 billion to $119 billion. The project’s success hinges on EUV equipment. ASML maintains exclusive manufacturing capabilities for these critical machines.
EUV lithography represents the cutting-edge method for etching circuit patterns onto semiconductor chips at the most sophisticated production levels. The artificial intelligence infrastructure expansion has intensified competition for these systems, creating extended delivery schedules and constrained availability.
During Thursday’s gathering, Musk will participate in a discussion with ASML’s Chief Executive Christophe Fouquet, exploring topics including artificial intelligence, automation, aerospace, and semiconductor production.
The speaking engagement has generated mixed reactions. Reports indicate certain ASML staff members have expressed significant objections, referencing Musk’s political positions and controversial public commentary.
ASML stock reached $1,734.19 during Monday’s trading, advancing 3.9% for the session. Shares currently trade approximately 3% below the all-time peak established last week.
Since the start of 2026, the equity has surged 53%, positioning it among Europe’s top-performing investments in the AI infrastructure sector.
Bank of America Maintains Buy Rating, Projects €73B Revenue Potential
Bank of America Securities confirmed its Buy stance on ASML Monday while maintaining the $2,268 price objective.
Analysts noted ASML’s official 2030 projections call for revenue between €44B and €60B, gross profitability of 56%–60%, and operational spending of €7.7B–€8.5B. BofA believes the company can surpass the upper boundary.
The bank’s optimistic forecast envisions ASML achieving €73 billion in 2030 sales. Under this framework, increased production volume would dilute fixed expenditures — estimated to comprise approximately 20% of manufacturing costs.
This scenario would elevate gross profitability beyond 60%, drive operating margins to 50%, and propel per-share earnings past €90 around 2030. ASML currently reports a 52.6% gross margin over the trailing twelve months.
The equity commands a price-to-earnings ratio of 58.31. InvestingPro identifies the current valuation as elevated relative to historical norms.
Morgan Stanley Updates and Share Repurchase Program
Morgan Stanley recently upgraded its ASML price objective to €1,660, pointing to robust demand for EUV lithography systems.
The company has actively executed its buyback initiative, acquiring 60,388 shares for roughly €79.4 million under its ongoing capital return strategy.
Nikon has emerged as a budget-friendly competitor in semiconductor lithography equipment, seeking to capture market position — although it doesn’t compete in the EUV segment where ASML maintains complete market dominance.
ASML’s 52-week peak registers at $1,831.11. Monday’s session concluded at $1,734.19.
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