By Nathan Vifflin and Toby Sterling<\/p>\n
AMSTERDAM, April 15 (Reuters) – ASML, the world\u2019s largest supplier of chipmaking equipment, on Wednesday reported stronger-than-expected first\u2011quarter \u200cearnings and lifted its 2026 revenue outlook, as artificial intelligence boosts \u200cdemand for its tools.<\/p>\n
“Demand for chips is outpacing supply. In response, our customers are accelerating \u200btheir capacity expansion plans for 2026 and beyond …(and) our customers have increased their expected short- and medium-term demand for our products,” CEO Christophe Fouquet said in a statement.<\/p>\n
The Veldhoven, Netherlands-based firm, Europe’s most valuable by market capitalisation, said 2026 \u200crevenue will be between 36 \u2060billion and 40 billion euros ($42 billion and $47 billion), up from previous guidance for 34 billion to 39 billion euros. Analysts \u2060forecast the figure at 37.7 billion euros, according to LSEG data.<\/p>\n
Investors view ASML as a key “picks-and-shovels” play on AI, as it supplies key equipment to chipmakers \u200bsuch as \u200bTSMC, which produces processors for Nvidia and \u200bApple.<\/p>\n
Shares have risen 40% so \u200cfar this year amid the rapid construction of data centres and a shortage of memory chips, both of which contribute to demand for ASML products.<\/p>\n
Addressing concerns about ASML’s ability to keep up with demand, in a statement the company’s CFO said ASML should be able to ship 60 of its flagship low-NA \u200cEUV tools in 2026 – 25% more than \u200bin 2025 – and will have capacity to \u200bship 80 in 2027.<\/p>\n
ASML is \u200bthe only maker of these EUV, or extreme ultraviolet lithography \u200ctools, which can cost $300 million each \u200band are needed to \u200bcreate the tiny circuitry of advanced chips.<\/p>\n
First-quarter earnings were 2.76 billion euros on sales of 8.76 billion euros. That was up from 2.36 \u200bbillion euros on sales \u200cof 7.74 billion euros in the first quarter of 2025.<\/p>\n
($1 = 0.8483 \u200beuros)<\/p>\n
(Reporting by Toby Sterling in Amsterdam, Nathan Vifflin in Gdansk, editing \u200bby Milla Nissi-Prussak and Louise Heavens)<\/p>\n","protected":false},"excerpt":{"rendered":"By Nathan Vifflin and Toby Sterling AMSTERDAM, April 15 (Reuters) – ASML, the world\u2019s largest supplier of chipmaking…\n","protected":false},"author":2,"featured_media":5600,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[24,25,3222,4923],"class_list":{"0":"post-5599","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ai","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-asml","11":"tag-quarter-earnings"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/5599","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/comments?post=5599"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/5599\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media\/5600"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media?parent=5599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/categories?post=5599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/tags?post=5599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}