ASML Raises 2026 Sales Forecast to €44B–€45B on AI Demand

ASML Holding NV upgraded its full-year 2026 sales forecast to €44 billion–€45 billion, raising the low end of its guidance from the previous €43 billion. The Dutch semiconductor equipment manufacturer cited strong demand for its chip-making machines driven by artificial intelligence investments. The company reported third-quarter 2026 net sales of €11.7 billion and net income of €5.0 billion, with a gross margin of 57.5%, exceeding prior guidance. Q3 results included €3.3 billion in Installed Base Management sales—service and field option revenue—reflecting continued demand for productivity upgrades from existing customers.

ASML expects fourth-quarter 2026 sales between €14.2 billion and €15.2 billion with a gross margin around 57 percent. The company projects full-year gross margin of approximately 56 percent. CEO Christophe Fouquet stated that customers are increasing their equipment demand forecasts, with some expressing interest in placing orders for 2029 and 2030. Fouquet noted that current supply plans for 2027 and 2028 will not fully meet customer demand, and the company is investigating ways to increase 2028 capacity beyond the previously communicated 30 percent expansion.

ASML sold 113 new lithography systems in Q3 2026 and 8 used units. Cash and short-term investments reached €12.7 billion at the end of Q3. The company purchased approximately €4.1 billion in shares during the quarter under its 2026–2028 buyback program and declared an interim dividend of €1.88 per ordinary share, payable November 4, 2026. This marks the third consecutive quarter ASML has raised its sales outlook.