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ASML raises 2024 sales forecast to €43-45B on strong AI chip demand

Company Fundamentals
15 Jul 2026
CNBC
View Source
Bullish
pluang ai news

Dutch semiconductor-equipment maker ASML raised its 2024 sales forecast to between €43 billion and €45 billion, up from a previous estimate of €36 billion to €40 billion. The company also increased its expected gross margin to 54-56%, reflecting strong demand for its advanced EUV lithography machines used in AI chip production. This upgrade follows robust orders as chipmakers like TSMC expand capacity to meet AI-driven demand. Despite this optimism, ASML faces challenges from export restrictions and investor concerns about the sustainability of AI-related capital spending.

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