阿斯麦：算力造铲人先进制程时代开启新一轮增长_老虎社区_美港股上老虎

阿斯麦：算力造铲人先进制程时代开启新一轮增长

国泰君安10-10 00:00

本报告导读：中高端光刻机的垄断制造商，AI 时代算力的“造铲人”。下游资本开支强度提升+制程迭代需求，助推 ASML开启新一轮成长周期。投资要点：盈利预测与投资建议：我们预计公司 FY2024/FY2025/FY2026 实现收入272 /349/381 亿欧元，实现GAAP 净利润73/108/121 亿欧元。基于FY2025 Forward PE 36x，给予ASML 美股（ASML.US）...

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