<p>ASML 控股公司在纳斯达克上市的股票价格在发布第二季度财报后，在盘前交易中暴跌超过 8%，这为投资者提供了一个 <strong>买入机会</strong>，但这种机会可能不会持续太久。</p>
<p>此次下跌是由于对 2026 财年的指引，距离现在还有两个报告期。</p>
<p>公司并没有提供糟糕的指引；相反，它以没有指引的形式提供了不确定性，原因是宏观经济逆风及其对半导体行业的担忧。</p>
<p>在此之前，第二季度的报告以及对第三季度和 2025 财年的指引并 <strong>没有理由让投资者卖出</strong>，反而让人相信业务在 2026 年将保持强劲。此外，资本回报依然稳健，为投资者提供了激励，并为价格走势提供了助力。</p>
<h2>ASML 第二季度业绩受 AI 终端市场驱动</h2>
<p>根据 MarketBeat 的报道，ASML 在第二季度的业绩在收入和利润方面均超出市场预期。公司报告的 89.2 亿美元（折合欧元）收入较去年增长 23%，超出市场预期 200 个基点，主要得益于新技术的强劲表现。</p>
<p>与去年相比，销售单位数量有所下降，但由于价格差异，导致显著的利润率提升。首席执行官 Christophe Fouquet 指出，DRAM 市场的强劲表现对 AI 至关重要，因为其提供了 HBM 内存解决方案，以及下一代 EUV 光刻技术的采用。</p>
<p>利润率是投资者不应忽视的强项。ASML 的价格/组合导致其在利润方面显著超出预期，报告的 GAAP 每股收益为 6.84 美元，几乎比预期高出 90 美分，或 1500 个基点。</p>
<p>关于指引，公司首次发布了第三季度的预期，并缩小了全年目标范围，提供了一个乐观的前景，预计势头将持续。</p>
<p>ASML 的资产负债表反映了房地产投资和 <strong>积极回购</strong> 的影响，但整体依然稳健。现金和流动资产的减少被房地产和总资产的增加以及负债的减少所抵消，杠杆率依然非常低。</p>
<p>资产负债表为净现金，长期债务约为股本的 0.2 倍。这使得公司在财务上保持灵活，能够在长期内维持资本回报。</p>
<p>其中包括股息，约在七月中旬时收益率为 0.85%，以及股票回购，第二季度平均减少了 1.3% 的股份。</p>
<h2>分析师和机构趋势支持 ASML 在下半年表现</h2>
<p>分析师和机构趋势 <strong>支持 ASML 股票的价格走势</strong>。机构持有的股票不到 50%，但在持续买入，而分析师的情绪也保持坚定。</p>
<p>MarketBeat 的数据表明，目前有 12 位分析师对该股票给予了一致且坚定的 <strong>适度买入评级</strong>，并且他们最近提高了目标价。</p>
<p>最近的修正与市场预期一致，预计从发布前的收盘价上涨 12%，从发布后的开盘价上涨近 20%。</p>
<p>问题在于，ASML 的市场是否会在 750 美元区间的移动平均线附近支撑股票，还是其价格会跌破这些水平。若跌破 750 美元，可能会增加显著回调的潜力，这可能会将市场拉至 650 美元或更低，直到达到坚实的底部。</p>
<p>在这种情况下，ASML 可能会进入一个交易区间，可能会横盘整理，直到 2026 年初提供更多的清晰度。空头头寸也是一个问题。尽管仍低于流通股的 1%，但近期兴趣有所增加，给市场带来了逆风。</p>
<p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/articles/med_20250716083942_chart-asml-7162025.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/articles/med_20250716083942_chart-asml-7162025.png"/></p>
<h2>你现在应该投资 1000 美元在 ASML 吗？</h2>
<p>在考虑 ASML 之前，你需要听听这个。</p>
<p>MarketBeat 每天跟踪华尔街顶级评级和表现最佳的研究分析师及其推荐的股票。MarketBeat 已识别出五只股票，顶级分析师正在悄悄地向客户推荐，现在就买入，以便在更广泛的市场意识到之前……而 ASML 并不在名单上。</p>
<p>虽然 ASML 目前在分析师中获得了适度买入评级，但顶级分析师认为这五只股票更值得投资。</p>
<p>查看这五只股票</p>

阿斯麦

<p>ASML 控股的股价在发布第二季度财报后，在盘前交易中下跌超过 8%，这可能创造了一个买入机会。尽管没有对 2026 财年的指引，但公司的基本面依然强劲，第二季度收入同比增长 23%。分析师维持中性买入评级，预计从发布前的价格来看有 12% 的上涨空间。然而，市场对空头头寸和潜在价格回调的担忧依然存在，特别是如果股价跌破 750 美元。建议投资者考虑其他顶级分析师推荐的股票</p>

<p>ASML Holdings' NASDAQ: ASML stock price plunged more than 8% in pre-market trading following the release of its Q2 earnings, opening up a <strong>buying opportunity</strong> that is unlikely to last long.</p>
<div class="lb-trans"><p>ASML 控股公司在纳斯达克上市的股票价格在发布第二季度财报后，在盘前交易中暴跌超过 8%，这为投资者提供了一个 <strong>买入机会</strong>，但这种机会可能不会持续太久。</p>
</div><p>The dip was caused by the guidance, specifically for F2026, which is still two reporting periods away.</p>
<div class="lb-trans"><p>此次下跌是由于对 2026 财年的指引，距离现在还有两个报告期。</p>
</div><p>The company didn’t even provide bad guidance; instead, it offered uncertainty in the form of no guidance, citing macroeconomic headwinds and the concerns they bring to the semiconductor industry.</p>
<div class="lb-trans"><p>公司并没有提供糟糕的指引；相反，它以没有指引的形式提供了不确定性，原因是宏观经济逆风及其对半导体行业的担忧。</p>
</div><p>Until then, the Q2 report and guidance for Q3 and F2025 give <strong>no reason for investors to sell</strong> and every reason to believe the business will remain strong in 2026. Further, the capital return remains solid, providing incentive for investors and a tailwind for the price action.</p>
<div class="lb-trans"><p>在此之前，第二季度的报告以及对第三季度和 2025 财年的指引并 <strong>没有理由让投资者卖出</strong>，反而让人相信业务在 2026 年将保持强劲。此外，资本回报依然稳健，为投资者提供了激励，并为价格走势提供了助力。</p>
</div><h2>ASML Q2 Results Driven by AI End-Markets</h2>
<div class="lb-trans"><h2>ASML 第二季度业绩受 AI 终端市场驱动</h2>
</div><p>ASML reported solid Q2 outperformance on the top and bottom lines relative to consensus figures, per MarketBeat. The company’s $8.92 billion (converted from Euros) in revenue is up 23% compared to last year and outperformed the consensus by 200 basis points, driven by strength in new technology.</p>
<div class="lb-trans"><p>根据 MarketBeat 的报道，ASML 在第二季度的业绩在收入和利润方面均超出市场预期。公司报告的 89.2 亿美元（折合欧元）收入较去年增长 23%，超出市场预期 200 个基点，主要得益于新技术的强劲表现。</p>
</div><p>The number of units sold fell compared to last year, but was offset by price differentials, resulting in a significant margin gain. CEO Christophe Fouquet noted the strength in DRAM markets, which are critical to AI due to HBM memory solutions, as well as the adoption of next-generation EUV lithography technology.</p>
<div class="lb-trans"><p>与去年相比，销售单位数量有所下降，但由于价格差异，导致显著的利润率提升。首席执行官 Christophe Fouquet 指出，DRAM 市场的强劲表现对 AI 至关重要，因为其提供了 HBM 内存解决方案，以及下一代 EUV 光刻技术的采用。</p>
</div><p>Margin is an area of strength that investors should not ignore. ASML’s price/mix resulted in significant outperformance on the bottom line, with the $6.84 in reported GAAP earnings nearly 90 cents, or 1,500 basis points, better than expected.</p>
<div class="lb-trans"><p>利润率是投资者不应忽视的强项。ASML 的价格/组合导致其在利润方面显著超出预期，报告的 GAAP 每股收益为 6.84 美元，几乎比预期高出 90 美分，或 1500 个基点。</p>
</div><p>Regarding the guidance, the company issued the first look at Q3 expectations and narrowed the target range for the full year, providing a favorable outlook that expects momentum to continue.</p>
<div class="lb-trans"><p>关于指引，公司首次发布了第三季度的预期，并缩小了全年目标范围，提供了一个乐观的前景，预计势头将持续。</p>
</div><p>ASML’s balance sheet reflects the impacts of property investments and <strong>aggressive buybacks</strong> but remains solid overall. The reduction in cash and current assets is offset by increased property and total assets and reduced liabilities, and leverage remains very low.</p>
<div class="lb-trans"><p>ASML 的资产负债表反映了房地产投资和 <strong>积极回购</strong> 的影响，但整体依然稳健。现金和流动资产的减少被房地产和总资产的增加以及负债的减少所抵消，杠杆率依然非常低。</p>
</div><p>The balance sheet is net cash, with long-term debt running approximately 0.2x the equity. This leaves the business in a nimble financial position that can sustain capital returns over the long term.</p>
<div class="lb-trans"><p>资产负债表为净现金，长期债务约为股本的 0.2 倍。这使得公司在财务上保持灵活，能够在长期内维持资本回报。</p>
</div><p>They include the dividend, which yields approximately 0.85% in mid-July, and share buybacks, which reduced the count by an average of 1.3% in Q2.</p>
<div class="lb-trans"><p>其中包括股息，约在七月中旬时收益率为 0.85%，以及股票回购，第二季度平均减少了 1.3% 的股份。</p>
</div><h2>Analysts and Institutional Trends Support ASML in H2</h2>
<div class="lb-trans"><h2>分析师和机构趋势支持 ASML 在下半年表现</h2>
</div><p>The analyst and institutional trends <strong>support the price action</strong> in ASML stock this year. Institutions own less than 50% of the stock but are buying on balance while analyst sentiment is firm.</p>
<div class="lb-trans"><p>分析师和机构趋势 <strong>支持 ASML 股票的价格走势</strong>。机构持有的股票不到 50%，但在持续买入，而分析师的情绪也保持坚定。</p>
</div><p>MarketBeat's data shows that 12 analysts currently rate the stock with a consistent and firm <strong>Moderate Buy rating</strong>, and they have recently raised their price targets.</p>
<div class="lb-trans"><p>MarketBeat 的数据表明，目前有 12 位分析师对该股票给予了一致且坚定的 <strong>适度买入评级</strong>，并且他们最近提高了目标价。</p>
</div><p>The recent revisions align with the consensus forecast for a 12% upside from the pre-release closing price and nearly 20% from the post-release opening.</p>
<div class="lb-trans"><p>最近的修正与市场预期一致，预计从发布前的收盘价上涨 12%，从发布后的开盘价上涨近 20%。</p>
</div><p>The question is whether ASML's market will support the stock near the cluster of moving averages in the $750 range or if its price falls below them. A move below $750 increases the potential for a significantly deeper pullback, which could take this market to $650 or lower before it reaches a solid bottom.</p>
<div class="lb-trans"><p>问题在于，ASML 的市场是否会在 750 美元区间的移动平均线附近支撑股票，还是其价格会跌破这些水平。若跌破 750 美元，可能会增加显著回调的潜力，这可能会将市场拉至 650 美元或更低，直到达到坚实的底部。</p>
</div><p>There is a risk that ASML will enter a trading range in this scenario, potentially moving sideways until early 2026, when more clarity is provided. Short interest is also a concern. Still low below 1% of the float, the interest has been increasing in recent months and presents a headwind for the market.</p>
<div class="lb-trans"><p>在这种情况下，ASML 可能会进入一个交易区间，可能会横盘整理，直到 2026 年初提供更多的清晰度。空头头寸也是一个问题。尽管仍低于流通股的 1%，但近期兴趣有所增加，给市场带来了逆风。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/articles/med_20250716083942_chart-asml-7162025.png" alt="" original-src="https://www.marketbeat.com/logos/articles/med_20250716083942_chart-asml-7162025.png"/></p>
<h2>Should You Invest $1,000 in ASML Right Now?</h2>
<div class="lb-trans"><h2>你现在应该投资 1000 美元在 ASML 吗？</h2>
</div><p>Before you consider ASML, you'll want to hear this.</p>
<div class="lb-trans"><p>在考虑 ASML 之前，你需要听听这个。</p>
</div><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ASML wasn't on the list.</p>
<div class="lb-trans"><p>MarketBeat 每天跟踪华尔街顶级评级和表现最佳的研究分析师及其推荐的股票。MarketBeat 已识别出五只股票，顶级分析师正在悄悄地向客户推荐，现在就买入，以便在更广泛的市场意识到之前……而 ASML 并不在名单上。</p>
</div><p>While ASML currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p>
<div class="lb-trans"><p>虽然 ASML 目前在分析师中获得了适度买入评级，但顶级分析师认为这五只股票更值得投资。</p>
</div><p>View The Five Stocks Here</p>
<div class="lb-trans"><p>查看这五只股票</p>
</div>

这次阿斯麦的股价下跌可能会在你意识到之前就消失——不要错过这个机会