ASML posts record €11.7 billion in sales but warns it can’t keep up with AI demand
Dutch equipment supplier ASML warned on Wednesday that its planned supply of machines will not fully meet customers’ AI-driven demand in 2027 and 2028, as it reported record quarterly sales of around €11.7 billion and lifted the lower end of its full-year sales forecast.
ASML, a Netherlands-based equipment supplier for the semiconductor industry, reported record sales of €11.7 billion in the third quarter, the highest ever for the company. However, the business warned that it cannot meet the increased demand for its equipment due to ongoing AI investment, which is driving up orders. ASML's CEO, Christophe Fouquet, stated that current production plans would fall short of customer demand in 2027 and 2028.
The company is expanding capacity by 30% in 2027 for both low-NA extreme ultraviolet (EUV) and deep ultraviolet (DUV) immersion machines, with further expansion planned for 2028. ASML's third-quarter sales were up 55% from a year earlier, with net income more than doubling to €5 billion. The company now expects 2026 sales to be €44-45 billion, with a gross margin of around 56%. ASML's shares were up more than 3% in early trading on Wednesday.
Written by urgent.news from Euronews's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- AI boom drives record sales at Dutch tech giant ASML bangkokpost.com
- ASML posts record €11.7 billion in sales but warns it can’t keep up with AI demand euronews.com
- AI-led demand overwhelms ASML’s 2027, 2028 supply capacity siliconrepublic.com
- ASML raises 2026 sales outlook on soaring AI demand, plans capacity expansion investing.com
- European shares edge higher as ASML's AI demand outlook boosts tech brecorder.com
- AI demand to exceed supply for 2 more years, says ASML ft.com
- ASML says supply will not meet demand at least until 2028 seekingalpha.com
- ASML forecasts Q4 sales above expectations on AI chip demand channelnewsasia.com
