The Dutch semiconductor equipment maker now expects sales to reach between €36 billion and €40 billion, up from its earlier projection of €34 billion to €39 billion. The revised forecast comes in slightly above market expectations, which had already anticipated results near the higher end of the previous range, according to data from London Stock Exchange Group.
Chief Executive Christophe Fouquet attributed the upgrade to intensifying demand for chips, particularly those powering AI systems. As supply struggles to keep pace, chipmakers are accelerating plans to expand production capacity well into the coming years.
ASML occupies a critical position in the global semiconductor supply chain, producing the advanced lithography machines required to manufacture cutting-edge chips. Its customers include industry leaders such as TSMC, which in turn produces processors for major technology firms like Nvidia and Apple.
Because of this central role, investors increasingly see ASML as a “picks-and-shovels” beneficiary of the AI boom—providing the essential tools underpinning the entire ecosystem rather than competing in end-user products.
With chip demand expected to remain strong across both the near and medium term, ASML’s upgraded outlook underscores how deeply artificial intelligence is reshaping the semiconductor industry and fueling a new cycle of capital investment.