ASML predicts its annual revenue will hit 24-30 billion euros in 2025. That’s a substantial increase compared to its 2018 estimate of 15-24 billion. Since the Veldhoven-based equipment maker missed 14 billion euros in revenue by a nose last year, the revenue forecast hike hardly comes as a surprise.
There’s room for growth beyond 2025, too: an annual revenue increase of around 11 percent in the 2020-2030 period. “Growth in semiconductor end markets and increasing lithography intensity are driving demand for our products and services. ASML and its supply chain partners are actively adding and improving capacity to meet this future customer demand,” ASML said in a statement released prior to an investor event on Wednesday.