ASML lifts forecast on AI demand
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ASML has increased its revenue forecast for 2026 after reporting strong results for the first quarter. The company's new forecast is between 36 billion and 40 billion euros, which is higher than before. In the first quarter, ASML's sales and net income both rose compared to last year.
ASML makes important machines used to create advanced computer chips. Its main customers are large manufacturers who supply processors for companies like Nvidia and Apple. Demand is now higher than supply, and the company plans to deliver more machines in 2026 and 2027.
However, there are still some risks for ASML. The company faces supply-chain challenges and possible new export restrictions with China. Around 20% of ASML’s 2026 revenue is expected to come from China, but this could change if rules become stricter.
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Vocabulary
6 wordsa prediction about future results or events
outcomes or information from an activity or period
companies that produce goods or equipment
the desire or need for something by people
the system that moves products to customers
official rules that limit or control something
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