ASML is operating under its most stringent export regime, with China revenue falling from 49% in 2024 to approximately 20% by late 2025 due to US-Netherlands export controls and the 'Pax Silica' alliance. This necessitates a strategic pivot to South Korea and the US. Despite declining China demand, ASML anticipates 2026 net sales will not be below 2025, buoyed by strong AI demand and High-NA EUV adoption. Analysts largely maintain a 'Moderate Buy' rating. ASML shares currently trade at $1070.34, up 0.45%.