ASML Raises 2026 Sales Forecast to €45B on AI Chip Demand

ASML raised its full-year sales guidance on Wednesday for the second time this year as customers continue expanding AI chip production capacity. The Dutch semiconductor-equipment maker now expects annual sales between 43 billion euros ($49 billion) and 45 billion euros, up from its previous forecast of 36 billion to 40 billion euros. The revision reflects sustained demand for ASML's extreme ultraviolet (EUV) lithography machines, the only tools capable of producing the most advanced chips used in artificial intelligence applications.

ASML Raises Full-Year Sales Forecast to €43-45 Billion

ASML updated its full-year guidance to sales of between 43 billion and 45 billion euros, with a gross margin of between 54% and 56%. The company previously predicted annual net sales of between 36 billion and 40 billion euros, and a gross margin between 51% and 53%. ASML had already raised its guidance last quarter on continued demand for its highest-end EUV machines, the only tools in the world capable of the lithography needed to make the most advanced chips used for AI.

TSMC Reports 68% June Sales Jump Amid AI Demand

Taiwan Semiconductor Manufacturing Co (TSMC), one of ASML's largest customers, reported a 68% jump in June sales on the back of strong demand for its chips. TSMC is planning to add two advanced chip packaging plants in the Chiayi Science Park in southern Taiwan, Reuters reported, citing remarks made by Taiwan's National Science and Technology Council Minister Wu Cheng-wen on Sunday.

UBS Analysts Predict Stronger Second Half Performance

UBS analysts said in a July 10 note that the buildout in semiconductor fabrication facilities, as well as AI-driven demand for leading-edge chip production, is expected to help ASML see a stronger second half of the year.

Semiconductor Stocks Face Pressure Despite Robust Demand

Despite robust demand, semiconductor stocks have come under pressure as investors question whether the huge AI-driven capital spending can be sustained. ASML also faces tightening restrictions on export controls of its advanced chip equipment.

FAQ

Why did ASML raise its sales forecast for the second time this year? ASML raised its forecast due to customers continuing to ramp up production capacity of AI chips, driving sustained demand for the company's extreme ultraviolet (EUV) lithography machines.

What did TSMC report about its June sales performance? TSMC, one of ASML's largest customers, reported a 68% jump in June sales driven by strong demand for its chips used in AI applications.