ASML Raises 2025 Outlook on Strong Orders

Dutch chip equipment maker ASML has revised its 2025 financial expectations upward, driven by robust demand for advanced semiconductor manufacturing equipment. The company noted that growth in artificial intelligence and high-performance computing is boosting demand for its most advanced lithography systems. ASML's latest quarterly orders significantly exceeded market expectations. The company announced it received new orders worth €5.6 billion during the period, surpassing analysts' estimates of around €4.5 billion, indicating particularly strong demand for EUV (extreme ultraviolet) lithography machines. Management raised its 2025 net sales forecast to a range of €30-35 billion, up from the previous estimate of €28-32 billion. This revision is supported by continued investment from major chipmakers in next-generation production facilities. ASML's CEO stated, 'The cyclical recovery and technological transformation in the semiconductor industry are accelerating equipment investments. The transition to 2-nanometer and below production processes is increasing demand for our most advanced lithography systems.' The company also raised its gross margin expectation to 51-53%, driven by a higher share of more expensive EUV machines in the sales mix and operational efficiency improvements. This is not investment advice.