ASML reports Q3 profit above expectations as customers seek 2029-2030 orders
Overview
ASML reported third-quarter net profit of 4.96 billion euros, above the 4.1 billion euros analysts expected, and said some customers want to place orders for its chipmaking tools for 2029 and 2030.
CEO Christophe Fouquet says customers are raising their short- and medium-term equipment demand forecasts, driven mainly by their views on the size and duration of AI-related investment. He also says supply currently planned for 2027 and 2028 will not fully meet that demand. ASML narrowed its full-year net sales forecast to 44 billion to 45 billion euros.
Written by AI from the articles below · updated Oct 14, 1:35 AM ET
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- CNBC · TechnologyNewsASML says customers are seeking orders for 2029 and 2030 as profit beats expectations
AIASML reported third-quarter net profit of 4.96 billion euros, above the 4.1 billion euros expected, and said some customers want to place orders for 2029 and 2030. CEO Christophe Fouquet said customer demand is driven mainly by AI-related investment, and current supply for 2027 and 2028 will not fully meet it. ASML narrowed its full-year net sales forecast to 44 billion to 45 billion euros.
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