ASML Beats Q3 Profit With 4.96 Billion Euros as AI Spurs 2029-2030 Order Interest
Updated
Updated · CNBC · Oct 14
ASML Beats Q3 Profit With 4.96 Billion Euros as AI Spurs 2029-2030 Order Interest
1 articles · Updated · CNBC · Oct 14
Summary
ASML posted third-quarter net profit of 4.96 billion euros, topping the 4.1 billion-euro consensus, while saying customers are already showing interest in ordering chipmaking tools for 2029 and 2030.
AI-driven demand is pushing customers to raise short- and medium-term equipment forecasts, and CEO Christophe Fouquet said planned 2027-2028 supply will still fall short.
ASML is studying ways to expand 2028 capacity beyond a previously forecast 30% increase, while Samsung and TSMC committed during the quarter to its next-generation High NA EUV machines.
The company narrowed its 2026 revenue outlook to 44 billion-45 billion euros from a prior 43 billion-euro lower bound and guided fourth-quarter sales at 14.2 billion-15.2 billion euros.
Shares have risen 56% this year as investors track AI chip demand, even as ASML keeps China at about 20% of sales under export restrictions on EUV and some DUV tools.