ASML vs Applied Materials
This page provides a comprehensive comparison of ASML Holding NV and Applied Materials, Inc., examining their distinct business models, recent financial performance, and broader market context. Gain insights into these two key players in the semiconductor industry without any specific recommendations. Educational content, not financial advice.
This page provides a comprehensive comparison of ASML Holding NV and Applied Materials, Inc., examining their distinct business models, recent financial performance, and broader market context. Gain i...
Why It's Moving
ASML Bucked Market Dip Amid Earnings Anticipation and AI-Driven Bookings Boom
- Net bookings hit €5.54 billion, powered by AI chipmakers, highlighting resilient demand for ASML's cutting-edge machines.
- Upcoming Q4 earnings project EPS of $8.85 (up 21%) and revenue of $11.06 billion (up 12%), underscoring AI momentum.
- Positive analyst notes from Morgan Stanley and HSBC bolster conviction, countering tariff uncertainty for 2026 growth.
Analysts Boost AMAT Targets Amid AI Memory Surge, Despite Export Headwinds
- Needham hiked its price target to $390 and KeyBanc to $380, spotlighting AMAT's edge in memory/AI expansion and vertical scaling opportunities.
- Q4 display revenues soared 68% on advanced systems, better pricing, and surging OLED demand, signaling potential reacceleration in that segment.
- Fiscal Q1 2026 earnings due February 12, where guidance on China risks, memory demand, and pricing could sway near-term momentum.
ASML Bucked Market Dip Amid Earnings Anticipation and AI-Driven Bookings Boom
- Net bookings hit €5.54 billion, powered by AI chipmakers, highlighting resilient demand for ASML's cutting-edge machines.
- Upcoming Q4 earnings project EPS of $8.85 (up 21%) and revenue of $11.06 billion (up 12%), underscoring AI momentum.
- Positive analyst notes from Morgan Stanley and HSBC bolster conviction, countering tariff uncertainty for 2026 growth.
Analysts Boost AMAT Targets Amid AI Memory Surge, Despite Export Headwinds
- Needham hiked its price target to $390 and KeyBanc to $380, spotlighting AMAT's edge in memory/AI expansion and vertical scaling opportunities.
- Q4 display revenues soared 68% on advanced systems, better pricing, and surging OLED demand, signaling potential reacceleration in that segment.
- Fiscal Q1 2026 earnings due February 12, where guidance on China risks, memory demand, and pricing could sway near-term momentum.
Investment Analysis
ASML
ASML
Pros
- ASML holds 90% market share in lithography, particularly EUV technology essential for advanced chips.
- Strong ties with top customers TSMC, Samsung and Intel ensure long-term revenue stability.
- Past decade revenue growth outpaces peers, driven by lithography demand in next-gen nodes.
Considerations
- Gross margins expected to decline to 50-52% in Q3 due to High NA system revenues and fewer upgrades.
- Higher valuation metrics including P/E of 40 and P/S of 11.67 compared to diversified peers.
- Narrow focus on lithography exposes it more to industry cycle fluctuations than broader competitors.
Pros
- Diversified portfolio across deposition, etching and metrology provides exposure to multiple chip production stages.
- Advanced node revenues exceeded $2.5 billion in fiscal 2024, projected to double in 2025 from AI demand.
- Stronger near-term earnings stability and lower valuation enhance resilience amid sector volatility.
Considerations
- Recent quarterly sales declined 3.48% year-over-year, lagging behind some industry peers.
- Slower long-term growth trajectory compared to lithography specialists like ASML over the past decade.
- Higher total debt at $6.76 billion relative to cash reserves limits financial flexibility.
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ASML (ASML) Next Earnings Date
ASML Holding N.V. (ASML) is scheduled to report its next earnings on January 28, 2026, covering the Q4 and full-year 2025 financial results. This date aligns with the company's official financial calendar and consensus from multiple analyst sources. Investors should monitor for pre-market release and subsequent conference call.
Applied Materials (AMAT) Next Earnings Date
Applied Materials' next earnings date is scheduled for February 12, 2026, following the company's announcement of its fiscal Q1 2026 earnings conference call. This report will cover the fiscal first quarter of 2026, ending in January 2026. Investors should note the call is set for 4:30 p.m. ET after market close.
ASML (ASML) Next Earnings Date
ASML Holding N.V. (ASML) is scheduled to report its next earnings on January 28, 2026, covering the Q4 and full-year 2025 financial results. This date aligns with the company's official financial calendar and consensus from multiple analyst sources. Investors should monitor for pre-market release and subsequent conference call.
Applied Materials (AMAT) Next Earnings Date
Applied Materials' next earnings date is scheduled for February 12, 2026, following the company's announcement of its fiscal Q1 2026 earnings conference call. This report will cover the fiscal first quarter of 2026, ending in January 2026. Investors should note the call is set for 4:30 p.m. ET after market close.
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