Pune, India, October 14, 2025– ASML, the Dutch company behind the world’s most advanced chipmaking machines, is expected to show strong signs of growth when it announces its third-quarter earnings this Wednesday. The company is riding a wave of optimism as artificial intelligence (AI) continues to reshape the tech industry, driving demand for powerful data centers and cutting-edge chips.
Over the past few months, major technology firms, including Meta, Oracle, NVIDIA, AMD, Intel, and Samsung, have signed multi-billion-dollar deals to develop AI infrastructure. These partnerships are expected to increase demand for ASML’s chipmaking machines, which are essential for producing the tiny circuits that power modern chips. These machines are utilised by top chipmakers, including Taiwan Semiconductor Manufacturing Company (TSMC) and SK Hynix, both of which are anticipated to increase their production capacity in the coming years.
ASML’s stock has surged 32% since September 2, far outpacing the 15% rise in the broader Philadelphia Semiconductor Index. This sharp increase reflects growing investor confidence that the company is well-positioned to benefit from the AI boom. Analysts are now looking to ASML’s earnings report for signs that this momentum will continue into 2026 and beyond.
One of the most closely watched figures in the semiconductor industry is ASML’s new equipment bookings. According to research firm Visible Alpha, bookings for the third quarter are expected to reach €5.36 billion, or about $6.21 billion. That’s a strong result, especially considering the company booked €9.48 billion in the first half of the year. Meanwhile, net income is forecast to rise by 1.4% year-over-year to €2.11 billion, based on data from LSEG IBES.
Earlier this year, ASML’s management expressed uncertainty about whether revenue would grow in 2026, citing weak demand from some customers like Samsung and Intel. But the landscape has shifted dramatically. The explosion of interest in AI has sparked a rally in the chip market, with companies racing to build more powerful data centers and develop faster, smarter chips. ASML’s chipmaking machines play a critical role in this process, making them a key part of the global tech supply chain.
Each ASML machine can cost more than $300 million and takes between 8 to 12 months to deliver. That long lead time means chipmakers must carefully plan their purchases. If they order too early, they risk overspending. If they wait too long, they may not have the equipment they need when demand spikes. During the COVID-19 pandemic, ASML faced a massive backlog of orders because it couldn’t meet demand. Since then, the company has been working to expand its production capacity to avoid similar delays in the future.
Analysts are now asking whether chipmakers can speed up their expansion plans and how quickly ASML can respond. Michael Roeg, an analyst at Degroof Petercam, said that every memory chipmaker is likely to increase production capacity for AI. That includes Micron, SK Hynix, Samsung, and even some Chinese companies. The question is whether ASML can deliver its chipmaking machines fast enough to meet this rising demand.
TSMC, ASML’s top customer and the world’s leading manufacturer of advanced AI chips, is expected to increase its purchases. Intel’s outlook has also improved, adding to the positive momentum. Investors are hoping ASML’s leadership will provide clear guidance on how the company plans to handle the surge in demand and whether it expects continued growth in the coming years.
As AI continues to transform industries and drive innovation, ASML’s role in enabling the production of advanced chips makes it a central figure in the tech world. With strong bookings, improving customer outlooks, and a growing market, the company appears well-positioned to ride the AI wave into the future. The demand for chipmaking machines is not just a short-term trend, it’s becoming a cornerstone of the next phase of global digital infrastructure.
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