ASML shares climbed over 3% in Wednesday morning trading after the Dutch chip equipment maker posted robust third-quarter earnings and pointed to growing traction from AI-related demand across its customer base.
The Dutch chip giant posted third-quarter revenue of €7.5 billion, in line with its own guidance. Net income for the period was €2.1bn, with earnings per share of €5.49 — just above analyst expectations of €5.44. Although sales fell slightly short of market forecasts of €5.74, the company’s strong outlook for the final quarter helped reassure investors.
