ASML, the Dutch semiconductor-equipment manufacturer, has updated its full-year sales forecast to between 43 billion euros ($49 billion) and 45 billion euros, along with a gross margin expectation of 54% to 56%. This revision marks the second increase this year, driven by heightened production capacity for AI chips among its customers.
Previously, ASML anticipated sales between 36 billion and 40 billion euros with a gross margin of 51% to 53%. The demand for ASML's extreme ultraviolet (EUV) lithography machines, essential for producing advanced AI chips, remains robust.
Taiwan Semiconductor Manufacturing Co (TSMC), a key customer, reported a significant 68% increase in sales in June, attributed to strong chip demand and plans to expand its production facilities. Analysts from UBS have noted that the ongoing investments in semiconductor fabrication and AI-driven demand are likely to bolster ASML's performance in the latter half of the year.
However, despite this positive outlook, semiconductor stocks are facing pressure as investors express concerns about the sustainability of AI-related capital expenditures. Additionally, ASML is contending with tightening export controls on its advanced equipment, which could impact future sales