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ASML raises 2026 forecast, expands capacity on AI chip demand

July 15, 2026
Source: theglobeandmail.com theglobeandmail.com
News Snapshot:
Save for laterASML ASML-Q, the world’s biggest supplier of computer chip manufacturing equipment, raised its 2026 financial forecasts on Wednesday and will expand capacity after AI demand drove better-than-expected second-quarter earnings. Europe’s largest company by market capitalization said it now expects full-year 2026 net revenue of €43-billion to €45-billion (US$49-billion to US$51-billion), an increase of 16 per cent at the midpoint from its earlier forecast range of €36-billion to €40-billion. Revenue for the three months ended June 30 was €9.33-billion, topping analysts’ estimates of €8.80-billion, while net income was €2.92-billion, above expectations of €2.62-billion, according to LSEG data. “Blowout results...
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China Tech Buzz Topics: AI | Amsterdam | ASML | Business | China | Chinese | chip | chips | computer | data | Dutch | EDGE | equipment | executive | expansion | export | Exports | finance | financial | Intel | IT | JPMorgan | law | LED | manufacturing

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