Chip-Machine Supplier ASML Raises Guidance Again on Unrelenting AI Demand -- 3rd Update

Chip-making equipment supplier ASML raised its annual guidance again, citing sustained AI-driven demand for semiconductor manufacturing tools. The Dutch company increased projected sales to between 43 billion and 45 billion euros, compared with prior guidance of 36 billion to 40 billion euros. At the same time, it expects gross margin of 54% to 56%, up from the earlier 51% to 53% range. ASML said advanced AI spending and continued progress in AI technologies are boosting demand for advanced logic and memory chips, supporting the industry’s growth outlook. Chief executive Christophe Fouquet said it expects memory revenue to rise 75% this year and is close to receiving all orders for extreme ultraviolet (EUV) lithography systems needed for next year. The firm is also considering about 30% more EUV output for 2027 and a further 30% for 2028. ASML’s customers include Taiwan Semiconductor Manufacturing Co., Samsung Electronics and Intel.