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00:03ASML raised its 2026 sales forecast after beating first quarter revenue and profit estimates
00:08driven by strong demand for AI-related chips, according to CNBC.
00:13ASML reported net sales of 8.8 billion euros and net profit of 2.8 billion euros in the first
00:20quarter, beating expectations of 8.5 billion euros and 2.5 billion euros. The company raised its
00:272026 net sales forecast to 36 billion euros to 40 billion euros from 34 billion euros to 39 billion
00:34euros. CEO Christophe Fouquet said AI infrastructure demand is driving growth and customers are
00:41expanding capacity. ASML did not disclose order numbers, but said order intake remains strong.
00:47Memory demand increased, with 51% of tool sales tied to memory. Sales to China fell to 19% due
00:54to
00:54export restrictions, while South Korea and Taiwan accounted for most demand.
00:58For all things money, visit Benzinga.com.
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