What is the long-term outlook for ASML's earnings growth?

**ASML's long-term earnings growth outlook appears positive**, driven by several key factors: 1. **Strong Market Position and Technological Advancements**: ASML is the only company capable of producing machines for printing the most advanced semiconductors, creating a significant competitive moat. The company's high-NA EUV machines, such as the EXE series, are breakthrough technologies that sell for around $350 million each and are essential for printing chips at 2nm and below. This technological leadership is likely to translate into sustained market dominance and revenue growth. 2. **Growing Demand for Semiconductor Sales**: Global semiconductor sales are expected to exceed $1 trillion by 2030, with a compound annual growth rate of about 9% from 2025 to 2030. This robust growth in the semiconductor industry underpins ASML's long-term earnings growth potential. 3. **AI and 5G Infrastructure Investments**: The increasing demand for AI-driven semiconductor solutions and the ongoing rollout of 5G infrastructure are expected to drive sales growth in the semiconductor industry. ASML's position as a key supplier to semiconductor manufacturers positions it well to benefit from these technological shifts. 4. **Financial Analyst Optimism**: Analysts have a bullish outlook on ASML, with a consensus rating of "Buy" and an average price target of $980, indicating confidence in the company's future performance. Additionally, the Zacks Consensus Estimate for ASML's current fiscal year predicts earnings growth of 21.85%, which supports the positive long-term outlook. 5. **Institutional Confidence**: Institutional investors have shown increased confidence in ASML, with several recent modifications to their holdings, including HM Payson & Co., which lifted its holdings by 39.8%. This institutional confidence can be a strong indicator of a company's future prospects. In conclusion, ASML's long-term earnings growth outlook is promising, driven by its technological leadership, the robust growth in the semiconductor industry, and the optimism of financial analysts and institutional investors.