ASML's AI Demand Outstrips 2027 Capacity

ASML, a leading manufacturer of chip-printing equipment, announced that unprecedented demand for AI-driven tools will likely prevent them from meeting all customer orders in 2027 and 2028. The company is actively seeking ways to increase its production capacity to address this growing need. ASML provided a positive outlook for the fourth quarter of 2026, forecasting sales in the range of €14.2 billion to €15.2 billion, exceeding prior analyst expectations. The gross margin for this period is projected to be around 57%. CEO Christophe Fouquet noted that discussions with customers are extending beyond 2027, with significant order intake anticipated for 2028. Furthermore, there is substantial interest in placing orders for 2029 and even 2030, indicating a long-term demand trend for ASML's advanced chip manufacturing technology. This follows previous announcements where the company had already planned capacity increases for 2027 and 2028.