"Orders amounted to €5.4 billion, while analysts had predicted an average of €4.9 billion. ASML thus delivered a positive surprise in a quarter in which revenue remained slightly below expectations at €7.5 billion. The growing need for computing power in AI applications is driving demand for the company's advanced lithography machines, which are crucial to manufacturing the most complex chips."
"Demand for AI chips has risen sharply in recent months among customers such as TSMC and Samsung. As a result, ASML has already seen its share price rise by around 25 percent this year and is now the most valuable company in Europe. The company reaffirmed its ambition to grow its annual revenue to a maximum of €60 billion by 2030, compared to €28.3 billion in 2024."
ASML reported third-quarter orders of €5.4 billion versus analysts' €4.9 billion forecast, while revenue was €7.5 billion, slightly below expectations. The company expects 2026 revenue to be at least equal to 2025, supported by continued artificial intelligence demand. Global AI investment is increasing, driving demand for advanced lithography machines for manufacturing the most complex chips. Sales of the most advanced systems are expected to keep rising, though China's contribution will be significantly lower next year because of export restrictions. China represented 42 percent of third-quarter revenue, up from 27 percent the previous quarter. ASML aims for up to €60 billion in annual revenue by 2030 and plans campus expansion and workforce growth.
Read at Techzine Global
Unable to calculate read time
Collection
[
|
...
]