Why ASML thinks it may hit €50B revenue by 2030

CEO Peter Wennink, speaking at ASML’s investor event recently, made two overlapping predictions. One: the company’s revenue will grow to 24-30 billion euros in 2025. And two: revenue will increase by around 11 percent in the 2020-2030 period. Taken together, depending on whether you pick the lowest or highest number for 2025, that means ASML’s revenue will at least pass 40 billion euros in 2030, and possibly even top 50 billion. Posting almost 14 billion euros in revenue last year, tripling business this decade is in the cards.

Wennink explained in his presentation what’s driving this rather spectacular growth, although his predictions didn’t venture past 2025 much. He did say that there’s no reason why an estimated 2015-2025 7.4 percent CAGR for the semiconductor industry shouldn’t continue through 2030. If that’s believed to be the case, getting near that 50 billion euros in revenue isn’t a totally outlandish perspective either.