ASML Stock Today: January 29 High-NA EUV, 1,700 Cuts Sharpen 2026 Outlook
ASML stock is back in focus for HK investors after record 2025 results and a sharper 2026 roadmap. Shares of ASML last traded at $1425.255, roughly HK$11,111 at 7.80 per USD, with fresh strength tied to High-NA EUV shipments, a €12B ASML buyback, and a 17% dividend hike. Management guided 2026 revenue to €34–39B with margins above 50% and announced about 1,700 ASML layoffs to streamline R&D. The 28 Jan 2026 earnings update underscored AI-driven demand and a deep order book.
ASML stock snapshot and technical setup
ASML stock trades at $1425.255, up 0.84% on the day, with a range of 1408.0501 to 1493.475. That intraday peak sits above the prior 52-week high of 1473.59. Volume reached 4,278,098 versus a 1,506,081 average, and price is well above the 50-day and 200-day averages of 1134.4988 and 892.5409. Market cap stands at $563,695,906,223.
Momentum is hot. RSI is 74.92 and Stochastic %K is 96.46, both overbought. MACD at 30.58 shows strong upside, while ATR of 32.94 signals wider swings. ASML stock also sits far above the Bollinger upper band of 1210.22, a sign of extension. Expect choppier sessions if buyers pause.
At a PE of 50.69 and price-to-sales of 14.73, ASML stock carries a premium. Offsetting that, trailing net margin is 30.58% and ROE is 54.27%. The dividend yield is 0.46% with a 25.89% payout ratio, leaving room to fund growth and buybacks. Investors should weigh quality against valuation.
High-NA EUV progress and the order book
Management confirmed two High-NA EUV tools shipped in 2025, Q4 orders of €13.2B, and an order backlog near €39B. High-NA improves chip patterning precision and supports leading-edge nodes. This mix keeps factory loading visible and tight, which supports pricing and parts utilization across EUV and DUV platforms.
ASML guided 2026 revenue to €34–39B with gross margins above 50%. The setup leans on AI server demand, memory recovery, and early High-NA EUV adoption. The company reported results on 28 Jan 2026 UTC, pairing operational milestones with a clearer shipment cadence to meet leading foundry and IDMs’ roadmaps.
ASML’s EUV leadership remains central to advanced chips used by hyperscalers and GPU leaders. Media analysis highlights how its tools underpin Nvidia-class designs and top foundries’ throughput, reinforcing strategic value in AI supply chains. See this explainer from IEX on the “printer” behind Nvidia chips: source.
Capital returns, dividend, and ASML layoffs
The board approved a €12B ASML buyback and a 17% dividend increase. With free cash flow improving and a modest payout ratio, buybacks can offset dilution and reduce share count. Combined with a backlog near €39B, capital returns add support if unit shipments or tool mix fluctuate during High-NA EUV ramp.
Management plans about 1,700 ASML layoffs to focus resources on priority roadmaps and efficiency. Near term, restructuring may add costs, but the aim is faster execution in core platforms and lifecycle services. Dutch media noted record performance alongside the workforce measures: source.
A larger dividend, steady repurchases, and tighter opex can support EPS growth even if tool deliveries ebb quarter to quarter. That said, a high multiple limits room for disappointment. We would watch buyback pacing, margin traction above 50%, and additional High-NA EUV milestones through 2026.
What HK investors can do now
For HK investors, ASML stock offers direct exposure to the lithography bottleneck in AI and advanced logic. It complements positions in chip designers and foundries by targeting the tools that enable leading nodes. Given its euro reporting and US trading, mind FX and listing liquidity when sizing allocations.
Technicals screen overbought and price is extended versus moving averages and bands. Consider staggered entries or wait for pullbacks toward trend support. Key risks include execution on High-NA EUV shipments, order timing, and valuation compression if growth slows. Track order intake and margin prints each quarter.
Watch Q1 order updates, High-NA EUV shipment counts, and gross margin progression. On the market side, RSI normalization and ATR trends can flag better risk-reward. Also note Street positioning, currently 22 Buys, 4 Holds, and 2 Sells, to gauge sentiment shifts around catalysts.
Final Thoughts
ASML stock combines scarce EUV leadership, rising High-NA adoption, and visible demand from AI compute to memory. The 2026 plan targets €34–39B revenue with margins above 50% while a €12B buyback and a 17% dividend hike return cash to holders. Near term, the setup is hot. RSI near 75, price far above moving averages, and a premium multiple suggest patience on entries. For HK investors, blend quality with risk control. Use staggered buys, track order momentum and margin execution, and reassess sizing around High-NA EUV shipment updates. The long-term thesis stays intact, but discipline matters at stretched levels.
FAQs
Is ASML stock attractive for HK investors right now?
The long-term case is strong, driven by EUV leadership, a deep backlog, and High-NA progress. Near term, technicals are overbought and valuation is rich. Consider staged entries or pullback buys. Track order intake, gross margin staying above 50%, and buyback pacing to confirm the bull case in 2026.
What is High-NA EUV and why does it matter to ASML stock?
High-NA EUV increases resolution and productivity for leading-edge chips. Better patterning supports more dense and efficient GPUs and CPUs powering AI and advanced mobile. Early shipments, plus orders from top foundries, strengthen ASML’s moat and pricing, supporting margins and the revenue target for 2026.
How will the €12B ASML buyback and higher dividend affect returns?
Repurchases can lower share count and lift EPS, helping offset any shipment timing noise. A 17% dividend hike rewards holders while keeping the payout ratio modest. Combined with a hefty backlog, these actions support total return, provided margins hold above 50% and High-NA EUV ramps as planned.
What should I watch to manage risk in ASML stock?
Monitor RSI and ATR for better entries, price versus the 50-day average, and whether shares revert toward support. Fundamentally, watch Q1 orders, High-NA EUV shipment cadence, and margin prints. Also review Street stance, now 22 Buys, 4 Holds, and 2 Sells, for sentiment shifts after each update.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
