ASML reported a third-quarter net profit of 4.96 billion euros, surpassing the expected 4.1 billion euros, while net sales reached 11.66 billion euros, slightly below the forecast of 11.72 billion euros.
The company has narrowed its full-year revenue forecast to between 44 billion euros and 45 billion euros, with fourth-quarter expectations set between 14.2 billion euros and 15.2 billion euros, which exceeds analyst estimates.
CEO Christophe Fouquet noted that customers are increasing their demand forecasts, particularly due to AI-related investments, and some are interested in placing orders as far out as 2029 and 2030.
ASML, the sole producer of extreme ultraviolet lithography machines essential for advanced semiconductor manufacturing, is also exploring ways to boost its production capacity for 2028 beyond a previously planned 30% increase. The commitment from major chipmakers like Samsung and TSMC to utilize ASML's next-generation High NA EUV machines is seen as crucial for the company's future growth.
ASML shares have surged 56% this year, reflecting investor confidence in the ongoing demand for its technology