
Semiconductor manufacturing equipment maker ASML Holding (NASDAQ: ASML) took off in 2025, and hasn’t looked back much since. Shares delivered a total return of nearly 56% last year, and 2026 has seen more of the same. The stock is up more than 35% on the year, despite shares falling 2.4% after ASML's latest earnings report.
Given the stock's recent gains, ASML's encouraging results, and its long-term outlook, the stock remains constructive. Here's what investors need to know.