ASML Earnings Beat & AI Chip Demand Boom
ASML reported strong Q3 profits and issued bullish guidance, with customers already placing equipment orders for 2029–2030. AI demand expected to outstrip semiconductor supply for at least 2 more years.
What we know
An account on X reported ASML Q3 results: revenue €11.66B (slight miss), but net income of €4.96B crushed the €4.05B estimate. CEO Christophe Fouquet noted 'customers are asking us every single day to get more tools,' with orders already placed for 2029 and 2030. Q4 revenue guidance came in at €14.2B–€15.2B, ahead of estimates. @FT separately reported that AI demand will exceed chip supply for at least 2 more years per ASML. Chip stocks were holding steady in Asia ahead of US CPI.
Sources
“AI demand to exceed supply for 2 more years, says ASML”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.