*Today, ASML Holding NV (ASML) has published its 2025 fourth-quarter and full-year results.*
* *Q4 total net sales of €9.7 billion, gross margin of 52.2%, net income of €2.8 billion*
* *Quarterly net bookings in Q4 of €13.2 billion of which €7.4 billion is EUV*
* *2025 total net sales of €32.7 billion, gross margin of 52.8%, net income of €9.6 billion*
* *Backlog at the end of 2025 of €38.8 billion*
* *ASML expects Q1 2026 total net sales between €8.2 billion and €8.9 billion, and a gross margin between 51% and 53%*
* *ASML expects 2026 total net sales to be between €34 billion and €39 billion, with a gross margin between 51% and 53%*
* *ASML announces a new share buyback program of up to €12 billion to be executed by December 31, 2028*
* *ASML to strengthen focus on engineering and innovation by streamlining the Technology and IT organizations*
It seems like analysts now expect double digit growth up to 2029 (I remember previously it was high single digits). This makes it more fairly-valued, and would be a good opportunity to watch and buy on weakness throughout 2026. Thoughts?