ASML Raises 2026 Revenue Forecast Due to Increased AI Chip Demand
ASML has raised its 2026 revenue forecast to between 36 billion and 40 billion euros, driven by strong demand for chipmaking equipment due to the AI chip boom. The company reported stronger-than-expected first-quarter earnings and noted an influx of new orders, with CEO Christophe Fouquet highlighting accelerated capacity expansion plans by customers. The stock rose 1.2% in early trading.
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Topics: AI chip demand ASML earnings ASML revenue forecast Chipmaking equipment Supply chain strain