ASML Stock Surges on Robust 2030 Revenue Outlook Driven by AI and Semiconductor Demand

ASML Holding NV, a leading manufacturer of advanced semiconductor equipment, has seen its stock rise significantly following the reaffirmation of its positive long-term revenue outlook. The company, which is crucial to the global semiconductor industry, projects annual revenues to range between €44 billion and €60 billion by 2030, driven by robust demand fueled by advancements in artificial intelligence (AI).

The outlook, presented ahead of ASML‘s Capital Markets Day, includes a gross margin expectation of 56% to 60%. This reaffirmation has been well-received by analysts, with BofA Securities maintaining a Buy rating and a price target of €870.00. The positive sentiment is also reflected in ASML’s stock performance, which climbed 3.1% in pre-market trading to reach $694.26.

ASML’s Chief Financial Officer, Roger Dassen, emphasized the company’s commitment to its capital allocation strategy, which involves returning significant cash to shareholders through increased dividends and stock buybacks. This approach is seen as a strong indicator of the company’s shareholder-friendly stance and its confidence in future growth.

Despite a recent downward adjustment in its 2025 revenue forecast due to slower recovery in traditional markets and normalization of China sales, ASML’s long-term prospects remain strong. Analysts at JPMorgan Chase noted that the company’s current forecast implies roughly 10% compound annual growth in revenue between next year and 2030, along with operating income expansion of around 15%.

The company’s ability to scale its most advanced chip manufacturing technology, particularly its extreme ultraviolet lithography (EUV) systems, positions it well to leverage the AI opportunity and contribute to the significant growth anticipated in the semiconductor industry.