Citigroup: ASM's demand for semiconductor manufacturing tools is strong.

In a client report, Citigroup analysts wrote that despite the Dutch group no longer disclosing quarterly order information, ASML's demand for semiconductor manufacturing equipment remains strong. The company has raised its sales outlook for 2026 and is expanding the capacity of some high-end tools, with the goal of reaching at least 60 units in 2026 and at least 80 units in 2027. These analysts stated that they expect a mid-single-digit increase in average sales expectations for 2026 and 2027, driven particularly by statements regarding customer demand and ASML's capacity expansion.