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00:03ASML reported third-quarter profit above expectations Wednesday as customers expressed interest
00:08in ordering semiconductor equipment for 2029 and 2030, according to CNBC.
00:13The Dutch company posted net profit of 4.96 billion euros, beating estimates of 4.1 billion
00:19euros.
00:19Revenue reached 11.66 billion euros, below expectations of 11.72 billion euros.
00:25CEO Christophe Fouquet said demand forecasts continue to rise, driven primarily by artificial
00:31intelligence investments.
00:32ASML expects current supply plans for 2027 and 2028 to fall short of customer demand.
00:39The company is exploring additional production capacity for 2028.
00:43ASML also raised the lower end of its 2026 sales forecast to 44 billion euros, with an upper
00:49limit of 45 billion euros.
00:50Shares rose around 2% in early European trading and are up 56% this year.
00:55For all things money, visit Benzinga.com.
