4月23日，美银发布研报，给予阿斯麦“买入”评级，目标价835美元。该行指出，基于其市场主导地位，阿斯麦具备将关税相关成本转嫁给客户的定价能力。
管理层指出，进口到美国用于阿斯麦现有美国制造的零部件（平均占每台设备销货成本的低个位数百分比）可能面临关税影响，且若这些零部件在荷兰完成最终组装后返销美国客户，可能遭遇"双重征税"。此外，计量与检测系统未被纳入当前关税豁免范围。
阿斯麦确认其2025年极紫外光刻（EUV）设备订单已覆盖中期指引的全数产能，深紫外光刻（DUV）设备订单完成90%预订，这增强了美银对2025年营收目标达成的信心。
管理层对2025/26年非台积电的存储客户收入贡献持更谨慎态度，主要基于客户技术路线图进度及产品认证所需时间。尽管2026年订单量显示"稳健开局"，但目前尚难量化全年表现。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.