ASML raises full-year guidance again

(Sharecast News) - ASML raised its full-year guidance for a second time on Wednesday after reporting better-than-expected second-quarter results, as surging demand for AI chips prompted customers to accelerate capacity expansion plans. The Dutch semiconductor equipment maker now expects 2026 sales of €43bn to €45bn, up from previous guidance of €36bn to €40bn, after second-quarter net sales rose to €9.3bn from expected €8.8bn and net profit reached €2.9bn versus forecasts of €2.6bn.

Chief executive Christophe Fouquet said order intake was "extremely strong" in the first half and announced plans to increase 2027 production capacity for its low-NA EUV and DUV immersion lithography systems by 30%, while also exploring a further 30% expansion in 2028.

ASML said demand remained driven by AI-related investment from leading chipmakers including TSMC, Samsung and Intel, while maintaining its expectation that China will account for around 20% of full-year sales despite ongoing US export restrictions.

At 1032 CEST (0932 BST), shares in ASML Holding were up 4% in Amsterdam at €1,618.00.

Reporting by Josh White for Sharecast.com.