ASML said customers are showing interest in orders as far out as 2029 and 2030, while third-quarter profit beat expectations and it lifted its full-year sales guidance.
01Summary
- 01ASML said some customers are expressing interest in placing orders for 2029 and 2030.
- 02Chief executive Christophe Fouquet said demand forecasts for short and medium term equipment are rising because of AI-related investment plans.
- 03The company now expects full-year net sales of 44 billion euros to 45 billion euros, up from a previous lower-end forecast of 43 billion euros.
- 04ASML expects fourth-quarter net sales of 14.2 billion euros to 15.2 billion euros, with the top end above LSEG consensus.
- 05Samsung and TSMC committed during the quarter to using ASML's High NA EUV lithography machines.
02Why it matters
ASML is a key supplier to the semiconductor industry, so its outlook is a read-through on AI chip demand. The longer order horizon and stronger profit may reassure investors about spending from major chipmakers.
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