ASML Reaffirms Upbeat 2030 Outlook as AI Demand Grows

MT Newswires Live11-14

ASML (ASML) said Thursday it expects sales in 2030 to range from 44 billion euros ($46.23 billion) to 60 billion euros, with a gross margin of about 56% to 60%.

Growing demand for AI will help boost global chip sales to over $1 trillion by 2030, ASML said, representing an annual growth rate for the semiconductor market of approximately 9% between 2025 and 2030.

"The expected growth in semiconductor end-markets and increasing lithography spending on future nodes, give us confidence in strong demand for our products and services," Chief Financial Officer Roger Dassen said in a statement.

ASML shares were up 3% in recent Thursday premarket activity.

Price: 694.32, Change: +20.91, Percent Change: +3.11

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