ASML Boosts Forecasts on AI Chip Demand

Dutch manufacturer ASML reported strong second quarter results, driven by increased demand for chips used in artificial intelligence applications. The company’s revenue reached 9.327 billion euros, a 21% increase year-over-year, exceeding analyst expectations of 8.896 billion euros. ASML cited accelerated investment from its customers in semiconductors and next-generation memory as key factors in its performance.

The company raised its full-year revenue guidance to between 43 and 45 billion euros, up from a previous forecast of 36 to 40 billion euros, and expects a gross margin between 54% and 56%. ASML plans to increase its EUV lithography production capacity by approximately 30% by 2027 to meet sustained demand.

ASML remains the sole global producer of EUV lithography systems, a critical technology for manufacturing advanced semiconductors. The company’s ability to deliver these systems is crucial as chipmakers race to expand production capacity for AI and high-performance computing.