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FROM SRN NEWS

ASML forecasts Q4 sales above expectations on AI chip demand

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Oct 14 (Reuters) – ASML on Wednesday forecast fourth-quarter sales above analyst expectations, as AI-driven demand for its chipmaking equipment remains strong, and narrowed its 2026 outlook.

The Dutch company guided for fourth-quarter net sales of €14.2 billion to €15.2 billion ($15.9 billion to $17.0 billion) and a gross margin of around 57%. Analysts polled by LSEG had expected sales of €14.19 billion and a gross margin of 55.4%.

($1 = 0.8924 euros)

(Reporting by Toby Sterling in Amsterdam, Nathan Vifflin in Gdansk, Editing by Milla Nissi-Prussak)

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