ASML (ASML) reported Q3 profit that smashed expectations and provided a strong long-term demand outlook, signaling continued strength in the semiconductor sector. The company noted customer interest in placing orders through 2030, driven primarily by AI-related investments .
Key takeaways:
- AI-Driven Demand: Customers are increasing short- and medium-term equipment demand forecasts due to AI investments .
- Capacity Expansion: ASML is investigating ways to increase capacity for 2028 beyond its previously forecast 30% increase, as current supply won't meet demand .
- Guidance Update: Full-year revenue forecast narrowed upwards to €44-45 billion .
This positive signal from a critical chip equipment supplier suggests robust underlying demand for AI infrastructure, potentially benefiting the broader semiconductor industry.
ASML says it’s getting order interest through 2030 as profit smashes expectations
CNBC.COMOct 14, 8:00 AM UTC
CNBC Daily Open: Zelenskyy heads to UK for talks on fresh support
CNBC.COMOct 14, 6:57 AM UTC
0