ASML Confirms Price Hikes Starting 2027 as Customers Book 2029-2030 Capacity
ASML's Q3 earnings reveal strong AI demand, with price increases announced for 2027 and orders already placed for 2029-2030 output, signaling sustained semiconductor capex.
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Dutch lithography giant ASML confirmed in its Q3 earnings report released on October 14 that it will raise prices for its advanced chipmaking equipment starting in 2027, with the full impact visible in 2028. CEO Christophe Fouquet stated that despite plans announced in July to increase capacity by 30% in both 2027 and 2028, the company struggles to meet demand, with customers already placing orders for 2029 and 2030 output.
This statement directly addresses market concerns about a potential cooling of the AI investment boom. As the sole producer of extreme ultraviolet (EUV) lithography machines, ASML's order book serves as a bellwether for semiconductor capital expenditure. The financial results showed a net profit of €4.96 billion on net sales of €11.7 billion, with full-year sales projections raised to €44-45 billion.
For logic chip manufacturers like TSMC, Intel, and Samsung, as well as memory makers SK Hynix and Micron, this implies structurally higher equipment procurement costs over the next several years. Analysts note that this long-term capacity tightness and upward pricing pressure indicate that the AI infrastructure build-out cycle is far from over, rather than being a short-term bubble.