ASML Says AI Demand Is So Strong It Can't Keep Up Through 2028

Dutch chipmaking giant ASML reported record quarterly revenue of €11.7 billion, up 55% year over year, as booming AI demand pushes semiconductor manufacturers to expand production. The company warned that demand for its equipment could exceed production capacity through 2028, with customers already discussing orders for 2029 and 2030.

@fredyyudiawann Oct 14, 2026 · 10:30 UTC

Why it matters

ASML's results suggest the semiconductor expansion is far from over. The company supplies critical lithography equipment used to manufacture advanced processors and memory chips, making its order outlook an important indicator of future semiconductor investment. The announcement is particularly significant following recent selloffs in memory stocks including Micron (MU) and Sandisk (SNDK). While concerns about Chinese competition remain, ASML's results point to continued aggressive investment in semiconductor production rather than an immediate slowdown in industry expansion.

ASML reported third-quarter net profit of €4.96 billion, more than doubling from a year earlier, while gross margins reached 57.5%.

The company raised its full-year revenue forecast to €44 billion–€45 billion and expects fourth-quarter sales of €14.2 billion–€15.2 billion.

CEO Christophe Fouquet said customers are increasing equipment demand forecasts as AI infrastructure investment accelerates.

ASML is now exploring production expansion beyond its previously announced 30% capacity increase plans to meet rising demand.

Major chipmakers including TSMC, Samsung, and Intel are investing heavily in advanced semiconductor manufacturing.