ASML (ASML) raised its full-year revenue forecast as strong demand for AI chips continues to underpin profits.
In 2026, the Dutch manufacturer of chipmaking equipment expects sales between 36 billion and 40 billion euros (approximately $42 billion-$47 billion). Previously, the company guided for revenue of 34 billion to 39 billion euros ($40 billion to $45 billion).
“The semiconductor industry’s growth outlook continues to solidify, driven by ongoing AI-related infrastructure investments,” ASML CEO Christophe Fouquet said in the earnings release. “Demand for chips is outpacing supply. In response, our customers are accelerating their capacity expansion plans for 2026 and beyond, supported by long-term agreements with their customers.”
In the first quarter, ASML reported earnings of 2.76 billion euros (approximately $3.25 billion) on sales of 8.76 billion euros ($10.3 billion). Both results beat Wall Street estimates on the top and bottom lines.
Despite the strong results, ASML stock fell 4% in premarket trading. One reason for this may be the stock’s already sky-high valuation, as shares of the company have climbed 41% year to date and 125% over the past 12 months.
