ASML raises full-year sales forecast for the third consecutive quarter as AI spending boosts chip equipment demand.

On Oct 14, Dutch semiconductor equipment manufacturer ASML raised the lower bound of its full-year 2026 sales forecast, marking a third consecutive quarter of upward revisions to its earnings outlook. ASML projected full-year 2026 sales would range from €44 billion to €45 billion (approximately $49 billion to $50 billion), compared to a previous lower estimate of €43 billion. However, doubts are mounting among industry insiders regarding the sustainability of the AI boom. Because the lead time from order to delivery for ASML's advanced equipment exceeds one year, its results provide the market with a window into chipmakers' investment plans.

ASML stated that third-quarter net sales reached €11.66 billion for the July-to-September period. Investors are also monitoring whether ASML can deliver orders on schedule amid robust demand. In July, the company said it plans to boost capacity for its second-most-advanced system, low-numerical-aperture extreme ultraviolet lithography equipment (LowNAEUV), by 30% next year, raising the annual shipment target to around 85 units. ASML indicated it will not be able to fully satisfy market demand in 2027 and 2028. The company's CEO noted that some customers “have expressed interest in placing orders for 2029, and even 2030,” adding, “We are evaluating how to further expand 2028 capacity beyond the previously announced 30%.”