<p>ASML 控股公司在納斯達克上市的股票價格在發佈第二季度財報後，在盤前交易中暴跌超過 8%，這為投資者提供了一個 <strong>買入機會</strong>，但這種機會可能不會持續太久。</p>
<p>此次下跌是由於對 2026 財年的指引，距離現在還有兩個報告期。</p>
<p>公司並沒有提供糟糕的指引；相反，它以沒有指引的形式提供了不確定性，原因是宏觀經濟逆風及其對半導體行業的擔憂。</p>
<p>在此之前，第二季度的報告以及對第三季度和 2025 財年的指引並 <strong>沒有理由讓投資者賣出</strong>，反而讓人相信業務在 2026 年將保持強勁。此外，資本回報依然穩健，為投資者提供了激勵，併為價格走勢提供了助力。</p>
<h2>ASML 第二季度業績受 AI 終端市場驅動</h2>
<p>根據 MarketBeat 的報道，ASML 在第二季度的業績在收入和利潤方面均超出市場預期。公司報告的 89.2 億美元（摺合歐元）收入較去年增長 23%，超出市場預期 200 個基點，主要得益於新技術的強勁表現。</p>
<p>與去年相比，銷售單位數量有所下降，但由於價格差異，導致顯著的利潤率提升。首席執行官 Christophe Fouquet 指出，DRAM 市場的強勁表現對 AI 至關重要，因為其提供了 HBM 內存解決方案，以及下一代 EUV 光刻技術的採用。</p>
<p>利潤率是投資者不應忽視的強項。ASML 的價格/組合導致其在利潤方面顯著超出預期，報告的 GAAP 每股收益為 6.84 美元，幾乎比預期高出 90 美分，或 1500 個基點。</p>
<p>關於指引，公司首次發佈了第三季度的預期，並縮小了全年目標範圍，提供了一個樂觀的前景，預計勢頭將持續。</p>
<p>ASML 的資產負債表反映了房地產投資和 <strong>積極回購</strong> 的影響，但整體依然穩健。現金和流動資產的減少被房地產和總資產的增加以及負債的減少所抵消，槓桿率依然非常低。</p>
<p>資產負債表為淨現金，長期債務約為股本的 0.2 倍。這使得公司在財務上保持靈活，能夠在長期內維持資本回報。</p>
<p>其中包括股息，約在七月中旬時收益率為 0.85%，以及股票回購，第二季度平均減少了 1.3% 的股份。</p>
<h2>分析師和機構趨勢支持 ASML 在下半年表現</h2>
<p>分析師和機構趨勢 <strong>支持 ASML 股票的價格走勢</strong>。機構持有的股票不到 50%，但在持續買入，而分析師的情緒也保持堅定。</p>
<p>MarketBeat 的數據表明，目前有 12 位分析師對該股票給予了一致且堅定的 <strong>適度買入評級</strong>，並且他們最近提高了目標價。</p>
<p>最近的修正與市場預期一致，預計從發佈前的收盤價上漲 12%，從發佈後的開盤價上漲近 20%。</p>
<p>問題在於，ASML 的市場是否會在 750 美元區間的移動平均線附近支撐股票，還是其價格會跌破這些水平。若跌破 750 美元，可能會增加顯著回調的潛力，這可能會將市場拉至 650 美元或更低，直到達到堅實的底部。</p>
<p>在這種情況下，ASML 可能會進入一個交易區間，可能會橫盤整理，直到 2026 年初提供更多的清晰度。空頭頭寸也是一個問題。儘管仍低於流通股的 1%，但近期興趣有所增加，給市場帶來了逆風。</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>你現在應該投資 1000 美元在 ASML 嗎？</h2>
<p>在考慮 ASML 之前，你需要聽聽這個。</p>
<p>MarketBeat 每天跟蹤華爾街頂級評級和表現最佳的研究分析師及其推薦的股票。MarketBeat 已識別出五隻股票，頂級分析師正在悄悄地向客户推薦，現在就買入，以便在更廣泛的市場意識到之前……而 ASML 並不在名單上。</p>
<p>雖然 ASML 目前在分析師中獲得了適度買入評級，但頂級分析師認為這五隻股票更值得投資。</p>
<p>查看這五隻股票</p>

阿斯麥

<p>ASML 控股的股價在發佈第二季度財報後，在盤前交易中下跌超過 8%，這可能創造了一個買入機會。儘管沒有對 2026 財年的指引，但公司的基本面依然強勁，第二季度收入同比增長 23%。分析師維持中性買入評級，預計從發佈前的價格來看有 12% 的上漲空間。然而，市場對空頭頭寸和潛在價格回調的擔憂依然存在，特別是如果股價跌破 750 美元。建議投資者考慮其他頂級分析師推薦的股票</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 控股公司在納斯達克上市的股票價格在發佈第二季度財報後，在盤前交易中暴跌超過 8%，這為投資者提供了一個 <strong>買入機會</strong>，但這種機會可能不會持續太久。</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>此次下跌是由於對 2026 財年的指引，距離現在還有兩個報告期。</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>公司並沒有提供糟糕的指引；相反，它以沒有指引的形式提供了不確定性，原因是宏觀經濟逆風及其對半導體行業的擔憂。</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，第二季度的報告以及對第三季度和 2025 財年的指引並 <strong>沒有理由讓投資者賣出</strong>，反而讓人相信業務在 2026 年將保持強勁。此外，資本回報依然穩健，為投資者提供了激勵，併為價格走勢提供了助力。</p>
</div><h2>ASML Q2 Results Driven by AI End-Markets</h2>
<div class="lb-trans"><h2>ASML 第二季度業績受 AI 終端市場驅動</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>根據 MarketBeat 的報道，ASML 在第二季度的業績在收入和利潤方面均超出市場預期。公司報告的 89.2 億美元（摺合歐元）收入較去年增長 23%，超出市場預期 200 個基點，主要得益於新技術的強勁表現。</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>與去年相比，銷售單位數量有所下降，但由於價格差異，導致顯著的利潤率提升。首席執行官 Christophe Fouquet 指出，DRAM 市場的強勁表現對 AI 至關重要，因為其提供了 HBM 內存解決方案，以及下一代 EUV 光刻技術的採用。</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>利潤率是投資者不應忽視的強項。ASML 的價格/組合導致其在利潤方面顯著超出預期，報告的 GAAP 每股收益為 6.84 美元，幾乎比預期高出 90 美分，或 1500 個基點。</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>關於指引，公司首次發佈了第三季度的預期，並縮小了全年目標範圍，提供了一個樂觀的前景，預計勢頭將持續。</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 的資產負債表反映了房地產投資和 <strong>積極回購</strong> 的影響，但整體依然穩健。現金和流動資產的減少被房地產和總資產的增加以及負債的減少所抵消，槓桿率依然非常低。</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>資產負債表為淨現金，長期債務約為股本的 0.2 倍。這使得公司在財務上保持靈活，能夠在長期內維持資本回報。</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，約在七月中旬時收益率為 0.85%，以及股票回購，第二季度平均減少了 1.3% 的股份。</p>
</div><h2>Analysts and Institutional Trends Support ASML in H2</h2>
<div class="lb-trans"><h2>分析師和機構趨勢支持 ASML 在下半年表現</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>分析師和機構趨勢 <strong>支持 ASML 股票的價格走勢</strong>。機構持有的股票不到 50%，但在持續買入，而分析師的情緒也保持堅定。</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 的數據表明，目前有 12 位分析師對該股票給予了一致且堅定的 <strong>適度買入評級</strong>，並且他們最近提高了目標價。</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>最近的修正與市場預期一致，預計從發佈前的收盤價上漲 12%，從發佈後的開盤價上漲近 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>問題在於，ASML 的市場是否會在 750 美元區間的移動平均線附近支撐股票，還是其價格會跌破這些水平。若跌破 750 美元，可能會增加顯著回調的潛力，這可能會將市場拉至 650 美元或更低，直到達到堅實的底部。</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>在這種情況下，ASML 可能會進入一個交易區間，可能會橫盤整理，直到 2026 年初提供更多的清晰度。空頭頭寸也是一個問題。儘管仍低於流通股的 1%，但近期興趣有所增加，給市場帶來了逆風。</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>你現在應該投資 1000 美元在 ASML 嗎？</h2>
</div><p>Before you consider ASML, you'll want to hear this.</p>
<div class="lb-trans"><p>在考慮 ASML 之前，你需要聽聽這個。</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 每天跟蹤華爾街頂級評級和表現最佳的研究分析師及其推薦的股票。MarketBeat 已識別出五隻股票，頂級分析師正在悄悄地向客户推薦，現在就買入，以便在更廣泛的市場意識到之前……而 ASML 並不在名單上。</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>雖然 ASML 目前在分析師中獲得了適度買入評級，但頂級分析師認為這五隻股票更值得投資。</p>
</div><p>View The Five Stocks Here</p>
<div class="lb-trans"><p>查看這五隻股票</p>
</div>

這次阿斯麥的股價下跌可能會在你意識到之前就消失——不要錯過這個機會