The semiconductor equipment maker lifted its full-year revenue forecast, signaling strong chip industry growth driven by AI expansion.
ASML increased its 2024 revenue guidance to between 43 billion and 45 billion euros, up from a prior range of 36 billion to 40 billion euros. The adjustment reflects surging demand for its lithography machines, critical for advanced chip production amid the AI build-out.
The company reported 25% revenue growth in its latest quarter, underscoring robust semiconductor industry activity. ASML’s monopoly on extreme ultraviolet lithography systems positions it as a key supplier for chipmakers like TSMC, with orders now indicating multi-year demand.
The revised outlook suggests sustained momentum in AI-related chip fabrication, reinforcing expectations for long-term sector growth.