ASML Forecasts Q1 Sales of €8.2–8.9B on AI Chip Surge
ASML forecasts Q1 sales of €8.2–8.9 billion, up from €7.7 billion a year earlier, and full-year revenue of €34–39 billion as AI chip demand surges. Shares are up over 40% YTD as customers including Nvidia, SK Hynix and Samsung place multi-billion euro orders for its EUV systems.
1. Strong Q1 Guidance
ASML projects first-quarter sales between €8.2 billion and €8.9 billion, up from €7.7 billion in the prior year, and full-year revenue of €34 billion to €39 billion. Analysts expect the company to report results near the top end of these ranges, reflecting accelerating demand for advanced lithography equipment.
2. AI-Driven Order Surge
Customers focused on AI chip production have driven order volumes, with Nvidia, SK Hynix and Samsung placing multi-billion euro bookings for EUV lithography systems. This order momentum has underpinned a more than 40% gain in ASML’s share price year-to-date.
3. Capacity Constraints and Export Risks
Each EUV machine requires over a year to manufacture, raising questions about ASML’s ability to fulfill ramped-up orders. Potential U.S. export controls on sales to China pose an additional risk to future revenue growth.