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AI Boom Fuels Record Orders for ASML
28 Jan
Summary
- ASML reported fourth-quarter bookings of 13.2 billion euros, surpassing expectations.
- Strong demand for AI chipmaking capacity drove a significant increase in orders.
- The company announced plans to lay off 1,700 employees, primarily in the Netherlands and US.
ASML reported robust fourth-quarter bookings of 13.2 billion euros, significantly exceeding analyst expectations. This performance is primarily driven by a notable increase in customer investment aimed at expanding production capacity for artificial intelligence (AI) chips. The company's leadership highlighted a more positive medium-term market outlook, underpinned by sustained demand for AI-related technologies.
Separately, ASML announced a workforce reduction of 1,700 positions, representing 3.8% of its total employees. These layoffs will largely affect operations in the Netherlands and the United States, with a focus on leadership roles. This move follows a period of substantial company expansion.
Despite these workforce adjustments, ASML has raised its 2026 sales outlook, projecting revenues between 34 billion and 39 billion euros. The company maintains its long-term guidance through 2030, anticipating substantial revenue growth and a healthy gross margin.
