VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

Stock Comparison

ASML Holding N.V. vs Teradyne, Inc.

Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.

ASML Holding N.V.

ASML · Euronext Amsterdam

Market cap (USD)$617B
Gross margin (TTM)52.6%
Operating margin (TTM)34.8%
Net margin (TTM)29.7%
SectorTechnology
IndustrySemiconductors
CountryNL
Data as of2026-05-26
Moat score
75/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into ASML Holding N.V.'s moat claims, evidence, and risks.

View ASML analysis

Teradyne, Inc.

TER · Nasdaq Stock Market

Market cap (USD)$58.9B
Gross margin (TTM)58.8%
Operating margin (TTM)26.9%
Net margin (TTM)22.6%
SectorTechnology
IndustrySemiconductors
CountryUS
Data as of2026-05-27
Moat score
84/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into Teradyne, Inc.'s moat claims, evidence, and risks.

View TER analysis

Comparison highlights

  • Moat score gap: Teradyne, Inc. leads (84 / 100 vs 75 / 100 for ASML Holding N.V.).
  • Segment focus: ASML Holding N.V. has 4 segments (36.7% in DUV lithography systems); Teradyne, Inc. has 3 segments (86.6% in Semiconductor Test).
  • Primary market structure: Oligopoly vs Duopoly. Pricing power: Moderate vs Moderate.
  • Moat breadth: ASML Holding N.V. has 7 moat types across 3 domains; Teradyne, Inc. has 6 across 3.

Primary market context

ASML Holding N.V.

DUV lithography systems

Market

Deep ultraviolet (DUV) lithography systems

Geography

Global

Customer

Logic, memory, and specialty semiconductor fabs

Role

Wafer fab equipment (WFE) supplier

Revenue share

36.7%

Teradyne, Inc.

Semiconductor Test

Market

Semiconductor automated test equipment (ATE) and system-level test (SLT)

Geography

Global

Customer

IDMs, foundries, fabless, OSATs

Role

Capital equipment supplier

Revenue share

86.6%

Side-by-side metrics

ASML Holding N.V.
Teradyne, Inc.
Ticker / Exchange
ASML - Euronext Amsterdam
TER - Nasdaq Stock Market
Market cap (USD)
$617B
$58.9B
Gross margin (TTM)
52.6%
58.8%
Operating margin (TTM)
34.8%
26.9%
Net margin (TTM)
29.7%
22.6%
Sector
Technology
Technology
Industry
Semiconductors
Semiconductors
HQ country
NL
US
Primary segment
DUV lithography systems
Semiconductor Test
Market structure
Oligopoly
Duopoly
Market share
n/a
31%-33% (implied)
HHI estimate
n/a
3,565
Pricing power
Moderate
Moderate
Moat score
75 / 100
84 / 100
Moat domains
Supply, Demand, Network
Demand, Supply, Network
Last update
2026-05-26
2026-05-27

Moat coverage

Shared moat types

Capex Knowhow ScaleBrand TrustSwitching Costs GeneralEcosystem Complements

ASML Holding N.V. strengths

Supply Chain ControlService Field NetworkInstalled Base Consumables

Teradyne, Inc. strengths

Format Lock InDesign In Qualification

Segment mix

ASML Holding N.V. segments

Full profile >

EUV lithography systems (incl. High-NA)

Monopoly

35.5%

DUV lithography systems

Oligopoly

36.7%

Applications, metrology and inspection

Oligopoly

2.5%

Installed Base Management (service, upgrades, field options)

Quasi-Monopoly

25.1%

Teradyne, Inc. segments

Full profile >

Semiconductor Test

Duopoly

86.6%

Product Test

Competitive

6.3%

Robotics

Competitive

7.1%

Want the full wide moat stocks list?

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Proven models entering the expansion stage with unit economics that work.

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Curation & Accuracy

This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).

Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.