ASML upholds 2030 sales forecast

Despite a “very sad market” at the moment, ASML has reiterated its 2022 forecast of 44-60 billion euros in annual revenue by 2030, up from 27.6 billion euros last year. “We expect that our ability to scale EUV technology into the next decade and extend our versatile holistic lithography portfolio positions ASML well to contribute to and leverage the artificial intelligence opportunity, and allows ASML to deliver significant revenue and profitability growth,” said CEO Christophe Fouquet in a statement issued ahead of a company investor event held on Thursday afternoon.

ASML’s rosy outlook is based on the “mission-critical” enabling role of semiconductors in “multiple megatrends across society.” In addition to the growth potential of several important end-markets, ASML believes that the emergence of AI creates a significant opportunity for the semicon industry. These developments are expected to help fuel global semiconductor sales to over 1 trillion dollars by 2030, which translates into an annual market growth rate of approximately 9 percent in 2025-2030.

Looking to dispel any lingering anxiety about the future of EUV lithography, ASML said it sees “an opportunity to increase the number of EUV exposures through the remainder of this decade.” The Veldhoven-based firm expects customers to increase their EUV spending with a double-digit CAGR between 2025 and 2030 for both advanced logic and DRAM.