ASML stock gains as TSMC spending lifts chip equipment demand

ASML stock is drawing attention as TSMC's capital-spending outlook points to more demand for chip tools, while analyst targets remain well above the last close.

ASML Holding (NL0010273215) is trading at EUR 1,510.40 on August 21, 2026, and Zonebourse shows the Nasdaq line at $1,750.31 with a -0.08% move. The same market snapshot puts ASML's euro-line year-to-date change at -6.24% and its market value at EUR 578.15 billion.

TSMC spending is the hook

ASML moved after a report on August 20, 2026 said TSMC's projected 2027 capital spending could reach $85 billion, a level that supports heavier demand for lithography systems. The same report said ASML management raised its 2026 revenue forecast to EUR 43 billion-EUR 45 billion and expects third-quarter sales of EUR 11 billion-EUR 12 billion.

That combination matters because ASML's latest quarter already showed how strong demand can feed through to the model: revenue was EUR 9.33 billion in Q2 2026, up 21.3% year over year, with gross profit at EUR 5.04 billion and gross margin at 53.99%.

Analysts still lean positive

MarketBeat's latest consensus snapshot puts the average target price at $1,970.33 and the average rating at Moderate Buy. A separate analyst summary on August 21, 2026 lists 44 analysts, an average target of EUR 2,001.14, and a gap of 32.93% to the last close of EUR 1,505.40.

That spread gives investors a simple comparison: the last close is far below the average target, while the company's 2026 revenue guide of EUR 43 billion-EUR 45 billion sits well above the EUR 32.67 billion revenue base shown in the latest annualized market snapshot.

What the machine sells

ASML's core product is the EUV lithography system, the tool used to print the most advanced chips. That matters for ASML stock because each step-up in chipmakers' capital spending tends to flow through to demand for those systems and their installed base.

Price and market view

ASML stock closed at EUR 1,510.40 on August 21, 2026 in the euro line shown by Zonebourse, while the Nasdaq line in the same snapshot stood at $1,750.31. The shares are trading below the average target cited in the analyst data and above the low end of the same target range.

Fact box

Company: ASML Holding N.V.
ISIN: NL0010273215
Ticker: ASML
Exchange: Euronext Amsterdam and Nasdaq ADR
Price (as of August 21, 2026): EUR 1,510.40 or $1,750.31
Market cap: EUR 578.15 billion
Sector / Industry: Information Technology / Semiconductors
Index membership: AEX 25 and Nasdaq-100