Where Will ASML Stock Be in 5 Years?

ASML raised its 2026 sales outlook to 43-45 billion euros, driven by strong AI-related chip demand. The company plans 30% capacity expansions for its EUV lithography machines in 2027 and 2028. While the business fundamentals are strong with potential for 8-12% annual returns over five years, the stock's 121% run-up has created a valuation risk, trading at 40x 2026 earnings with limited room for error.