ASML ASML Holding NV

ASML publishes 2020 Annual Reports

ASML publishes 2020 Annual Reports

ASML publishes 2020 Annual Reports

VELDHOVEN, the Netherlands, February 10, 2021 – Today, ASML Holding NV (ASML) has published its 2020 Annual Reports. ASML will file its 2020 Annual Report based on US GAAP with the US Securities and Exchange Commission (SEC) and its 2020 Annual Report based on IFRS-EU with the Dutch Authority for the Financial Markets (AFM).

ASML's Annual Reports are available at where our financial statements can also be downloaded in Excel spreadsheet format. ASML's Annual Report based on US GAAP will also be available at  The Annual Report based on IFRS will be published at

ASML will hold its Annual General Meeting of Shareholders (AGM) in Veldhoven on April 29, 2021. The AGM agenda with all related documents will be available at on March 15, 2021.



Media Relations contactsInvestor Relations contacts
Monique Mols Skip Miller
Sander Hofman Marcel Kemp
Brittney Wolff Zatezalo   Peter Cheang





About ASML

ASML is one of the world’s leading manufacturers of chip-making equipment. Our vision is a world in which semiconductor technology is everywhere and helps to tackle society’s toughest challenges. We contribute to this goal by creating products and services that let chipmakers define the patterns that integrated circuits are made of. We continuously raise the capabilities of our products, enabling our customers to increase the value and reduce the cost of chips. By helping to make chips cheaper and more powerful, we help to make semiconductor technology more attractive for a larger range of products and services, which in turn enables progress in fields such as healthcare, energy, mobility and entertainment. ASML is a multinational company with offices in more than 60 cities in 16 countries, headquartered in Veldhoven, the Netherlands. We employ more than 28,000 people on payroll and flexible contracts (expressed in full time equivalents). ASML is traded on Euronext Amsterdam and NASDAQ under the symbol ASML. More information about ASML, our products and technology, and career opportunities is available on



Attachment



EN
10/02/2021

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on ASML Holding NV

Marc Hesselink ... (+3)
  • Marc Hesselink
  • CFA
  • Thymen Rundberg

ASML/Slower 2026, long-term intact/BUY

Despite a slower growth outlook for 2026 we remain positive on the ASML investment case. We believe that the long-term outlook for semiconductor capex remains strong. On top of that, we expect continued increases in litho intensity resulting in above-industry growth. The current valuation close to previous lows, the risk-reward is attractive in our view. We reiterate our BUY rating but slightly lower our target price from €825 to €800 per share.

Pierre FerraguÊ
  • Pierre FerraguÊ

AI capex & replatforming; semicap into 2026; Apple, Arm & more.

As always, during earnings season, we wrap-up what happened in the previous week. For our main takes summarized on a single slide, and a few words on each of the 34 names we followed last week, follow the link below.

Pierre FerraguÊ
  • Pierre FerraguÊ

2026 AI Capex, HBM Pricing, Auto Semi Recovery, and more.

As always, during earnings season, we wrap-up what happened in the previous week. For our main takes summarized on a single slide, and a few words on each of the 22 names we followed last week, follow the link below.

Pierre FerraguÊ
  • Pierre FerraguÊ

America’s AI Action Plan. Our 5 quick takes.

The Trump administration published its AI Action Plan yesterday. Please click the link below to see our summary on the 5 most relevant points for tech infrastructure and the broader AI supply chain.

Pierre FerraguÊ
  • Pierre FerraguÊ

ASML: best positioned for 2026 in the Semicap pack. Upgrade to Buy, €7...

Consensus expects ASML to grow revenues 2% next year, compared to 6-12% for its peers. That is conservative. If anything, we see room for ASML to outperform, driven by high leading-edge exposure. Beyond 2026, we also expect ASML to grow in the upper end of its peer group. Normal order intake in 3Q would allow management to ease concerns around 2026 growth, and with the stock trading on 25x forward earnings we see limited risk of further de-rating. We hence upgrade the stock to Buy, €790 Target...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch