ASML outlook beats as AI-driven demand set to exceed supply through 2028

What happened: ASML reported mixed third-quarter earnings and guided fourth-quarter revenue above analyst estimates, saying AI-driven demand for chipmaking equipment will exceed planned supply in 2027 and 2028. Why it matters: The outlook beat points to sustained demand outpacing supply, and the stock was slightly up on Wednesday. Key numbers: Third quarter was mixed. Fourth-quarter revenue guidance was above analyst estimates. Supply is expected to fall short of demand in 2027 and 2028. Coverage: 5 outlets in 24h

ASML reported mixed third-quarter earnings and guided fourth-quarter revenue above analyst estimates, saying AI-driven demand for chipmaking equipment will exceed planned supply in 2027 and 2028.

The outlook beat points to sustained demand outpacing supply, and the stock was slightly up on Wednesday. Key numbers: Third quarter was mixed. Fourth-quarter revenue guidance was above analyst estimates. Supply is expected to fall short of demand in 2027 and 2028.