ASML rises after raising sales forecast on AI chip demand
ASML shares rose Wednesday after the Dutch semiconductor-equipment maker raised its full-year sales forecast for the second time this year, underscoring how quickly AI demand is reshaping chip supply chains. The company also reported stronger-than-expected quarterly results as major chipmakers continued to expand production capacity.
Highlights
- ASML jumped more than 7% at the open.
- Shares later pared gains to trade at €1,611.8, up 3.60%.
- Full-year sales guidance rose to €43 billion-€45 billion.
- AI chip demand remains the main driver.
ASML traded at 1,611.8 euros, up 56 euros, or 3.60%, according to the latest market data shown Wednesday. The stock had jumped more than 7% at the open before paring gains after the company raised its full-year sales outlook to between 43 billion euros and 45 billion euros, CNBC reported.
Stronger orders lift guidance
ASML previously expected annual net sales of 36 billion euros to 40 billion euros. It also lifted its gross-margin outlook to 54% to 56%, up from an earlier range of 51% to 53%.
Second-quarter results also beat expectations. Net sales came in at 9.3 billion euros, above the 8.8 billion euros expected by analysts surveyed by LSEG. Net profit reached 2.9 billion euros, compared with forecasts of 2.6 billion euros.
Chief Executive Christophe Fouquet said order intake remained “extremely strong” in the first half of the year. ASML now plans to add 30% to its 2026 low-NA EUV capacity and 30% to its 2026 DUV immersion capacity.
AI chip buildout drives demand
ASML is the only company that makes extreme ultraviolet lithography machines, which are required to produce the most advanced semiconductors. That gives it a central role in the supply chain for AI processors, high-bandwidth memory, and leading-edge logic chips.
Customers are accelerating capacity expansion as demand for AI computing grows. Taiwan Semiconductor Manufacturing Co., one of ASML’s largest customers, recently reported a 68% jump in June sales, supported by strong chip demand.
The company has now raised guidance twice this year, reflecting continued demand for its most advanced tools. Its shares have climbed sharply in 2026, though the rally has also increased investor expectations.
Valuation and China remain risks
The stronger outlook reinforces ASML’s position as one of the most important suppliers in the AI chip cycle. But the stock’s surge has also left less room for disappointment.
Export controls remain another risk. U.S. lawmakers have proposed restrictions that could limit ASML sales of DUV machines to Chinese chipmakers. ASML still expects China to account for about 20% of full-year net sales.
We also reported on why ASML became indispensable to the modern economy.
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