ASML expects demand to outstrip supply in 2027 and 2028

What happened

ASML says its planned capacity for 2027 and 2028 will not fully meet customer demand, and it is therefore investigating ways to increase capacity for 2028 beyond what it has already announced. ASML already plans to increase its low-NA EUV and DUV immersion capacity by 30% in 2027, compared with 2026 levels; per its Q2 report, it was investigating a further 30% increase in 2028, and ASML now wants to go beyond that 2028 figure. As for the cause, the source states that customers keep raising short- and medium-term demand forecasts, with the main driver being how large and how long-lasting customers expect AI-related investment to be, and some customers have asked about placing orders for 2029 and even 2030. Third-quarter results, published October 15, 2026: total net sales reached a record EUR 11.7 billion, up from EUR 9.3 billion in the previous quarter; Installed Base Management (service and field upgrades) accounted for EUR 3.3 billion, above guidance; gross margin rose to 57.5% from 54.0% in Q2; net income was EUR 5.0 billion, up from EUR 2.9 billion; ASML sold 113 new lithography systems (up from 86) and eight used systems. For Q4, ASML expects total net sales of EUR 14.2–15.2 billion with gross margin around 57%, and full-year sales of EUR 44–45 billion with gross margin around 56%. The capacity expansion remains planned/under investigation, not implemented.

Impact and signal

Affected components and suppliers

Source and time

Source: Evertiq · 10/15/2026 · View original source