ASML, the Dutch maker of key chipmaking machines, said Wednesday that demand tied to artificial intelligence is still growing.

Some customers want to place orders with ASML for 2029 and even 2030, CEO Christophe Fouquet said, CNBC reported. "Our customers continue to increase their short- and medium-term equipment demand forecasts with us, driven primarily by their views on the size and duration of AI-related investments," he said in a press release, according to CNBC.

Third-quarter net profit was 4.96 billion euros, above the 4.1 billion euros analysts expected, CNBC reported. Net sales were 11.66 billion euros, just short of the 11.72 billion euros expected.

ASML guided fourth-quarter net sales of 14.2 billion to 15.2 billion euros, Reuters reported. Analysts polled by LSEG had expected 14.19 billion euros. The company sees a gross margin of around 57%, above the 55.4% analysts expected, Reuters said.

ASML also narrowed its 2026 sales outlook to between 44 billion and 45 billion euros. It had earlier seen a range of 43 billion to 45 billion euros, Reuters reported.

Fouquet said planned supply for 2027 and 2028 will not fully meet customer demand, CNBC reported. ASML is looking at ways to raise 2028 capacity beyond the 30% increase it forecast before. Samsung and TSMC both committed to its next-generation High NA EUV machines during the quarter, CNBC said.

ASML is the only company that makes EUV machines, which are needed for the most advanced chips, Reuters noted. It still expects China to make up 20% of its sales, CNBC reported. Its shares have risen 56% this year.

What we know: ASML beat profit forecasts, guided fourth-quarter sales above estimates and says some customers want orders out to 2030.
What we don't: Whether ASML can add enough capacity to meet demand in 2027 and 2028.