ASML raises 2025 sales forecast for second time on AI demand

ASML raised its full-year sales forecast for the second time in 2025, citing sustained demand from chipmakers building out AI production capacity.

The Dutch semiconductor-equipment maker now expects 2025 net sales between 43 billion euros ($49 billion) and 45 billion euros, with a gross margin of 54% to 56%. Its prior guidance called for 36 billion to 40 billion euros in sales and a gross margin of 51% to 53%.

ASML had already lifted its outlook last quarter on demand for its extreme ultraviolet lithography machines, the only tools that can produce the most advanced AI chips. That demand continues as chipmakers expand fabrication capacity.

One of ASML's largest customers, Taiwan Semiconductor Manufacturing Co., reported a 68% jump in June sales. TSMC is also adding two advanced chip packaging plants in southern Taiwan, Reuters reported, citing remarks from Taiwan's National Science and Technology Council minister.

UBS analysts said in a July 10 note that the buildout of semiconductor fabrication facilities and AI-driven demand for leading-edge production should help ASML see a stronger second half.

Semiconductor stocks have come under pressure as investors question whether the huge AI-driven capital spending can be sustained. ASML also faces tighter export controls on its advanced chip equipment.

ASML holds an Alpha Score of 74 out of 100, a Moderate rating, reflecting its strong position in the semiconductor equipment space.