Key facts
- ASML forecasts Q4 net sales between €14.2 billion and €15.2 billion.
- Analysts expected Q4 net sales of €14.19 billion.
- ASML expects a Q4 gross margin of around 57%.
- Analysts expected a Q4 gross margin of 55.4%.
- Strong AI demand is driving orders for ASML's chipmaking tools well into 2030.
- Customers are requesting more capacity than ASML can supply next year and through 2028.
ASML on Wednesday forecast fourth-quarter net sales between €14.2 billion and €15.2 billion, exceeding analyst expectations of €14.19 billion. The Dutch chip equipment maker cited strong demand driven by artificial intelligence applications. The company also expects a Q4 gross margin of around 57%, compared to analyst expectations of 55.4%. ASML stated that strong AI demand is driving orders for its chipmaking tools well into 2030, with customers requesting more capacity than can be supplied next year and through 2028. The company anticipates AI demand will outstrip chip-tool capacity through 2028, extending beyond previous forecasts. ASML also stated that it anticipates not fully meeting customer demand in 2027 or 2028 due to this AI-driven demand.