ASML Looking at 'Record Quarter,' CEO Says

Summary

ASML CEO Christophe Fouquet discusses a record fourth quarter and record year, with bookings far exceeding expectations. He says customer uncertainty about AI has shifted to confidence in sustainable AI demand, prompting aggressive semiconductor capacity buildouts across logic and DRAM. Near-to-mid-term demand is focused on existing lithography products, especially low NA EUV, as well as less advanced systems and inspection/metrology, while advanced nodes and future technologies support the longer-term outlook.

• ASML reported a record quarter and record year, with record bookings.
• AI demand confidence has increased over the last three months.
• Customers are building semiconductor capacity aggressively.
• Near-term demand is strongest for existing products, especially low NA EUV.
• Less advanced lithography and inspection/metrology also see strong demand.
• Advanced nodes like 2nm logic and 1c DRAM are ramping.
• High NA EUV appears more of a longer-term opportunity than an immediate pull-forward.
• The CEO sees positive mid-term momentum into 2026 and likely beyond.