AI surge boosts ASML forecast as EUV demand climbs
TL;DR Summary
ASML raised its full-year sales outlook for the second time this year amid a surge in AI-driven demand for its extreme ultraviolet lithography (EUV) machines. The company plans a 30% capacity increase for its EUV systems next year (with a possible similar expansion in 2028) and says orders for 2027–28 are already strong, helped by major chipmakers like Intel and TSMC. In Q2, revenue rose 21% to €9.3bn and net income to €2.9bn, with annual net sales now forecast at €43–€45bn, well above consensus.
- ASML raises forecasts as AI boom drives chipmaking demand Financial Times
- ASML shares fall after hiking sales forecast for second time this year on strong AI chip demand CNBC
- ASML Raises Outlook, Plans Capacity Hike as AI Boosts Demand Bloomberg.com
- Why ASML (ASML) Remains Critical to the AI Chip Supply Chain as Advanced Semiconductor Demand Grows Yahoo Finance
- ASML Stock Gains as Earnings Ride the Wave of AI Spending Barron's
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