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JP Morgan raises ASML earnings estimates as chipmaker signals higher EUV tool output potential

Market News
03 Jun 2026
Proactive Investors - Finance
View Source
Bullish
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JP Morgan has upgraded its earnings forecasts for ASML Holding NV for 2027 and 2028 after the chipmaker indicated it can produce more extreme ultraviolet (EUV) lithography machines than previously expected. ASML, which holds a global monopoly on these advanced chipmaking tools, initially guided for shipping 80 low-NA EUV tools in 2027 but now suggests it can exceed 110 units without expanding cleanroom capacity. JP Morgan identified several ways ASML can boost production, including faster manufacturing cycles and repurposing existing cleanroom space. This signals stronger revenue potential for ASML as demand for chipmaking equipment remains robust.

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