ASML Shares Surge Over 4% as Investor Day Highlights Long-Term Growth and AI-Driven Semiconductor Demand
1min read ASML, the Dutch semiconductor equipment maker, saw its shares rise by over 4% recently, reflecting investor optimism sparked by the company's reaffirmation of its long-term growth projections. During its Investor Day, asml reiterated its forecast that global semiconductor sales could surpass $1 trillion by 2030, with a compound annual growth rate of approximately 9% between 2025 and 2030.
The company remains bullish on its revenue outlook, projected to achieve sales ranging from 44 billion to 60 billion euros by 2030. This prediction aligns with earlier estimates. ASML's confidence is further bolstered by the anticipated boom in semiconductor demand, driven notably by advancements in artificial intelligence technologies.
ASML CFO Roger Dassen underscored the company's commitment to its capital allocation strategy, expecting to return substantial cash to shareholders through dividends and stock buybacks. The firm also envisions its gross margin expanding to between 56% and 60% by the end of the decade, adding another layer of appeal for investors.
Amid a broader market evaluation of economic indicators and interest rate projections, ASML's strategic outlook and robust financial guidance underscore its pivotal role in the evolving semiconductor landscape. The company's commitment to capital returns places it in a favorable position within the global tech supply chain, attracting substantial market interest.
