Rumor

ASML order backlog expected to show significant growth in Q4 results

Friday, January 2, 2026 at 11:26 PM

Expectations are rising for a significant increase in ASML's order backlog following the upcoming Q4 earnings report, following a trend seen in previous quarters.

Context

ASML is set to release its Q4 2024 financial results in late January, with investor focus centered on a projected surge in net bookings. Following a challenging Q3 that saw lowered 2025 guidance, analysts expect a substantial rebound in the order backlog. Driven by accelerated demand for AI-capable chips and 2nm production preparation, new orders are anticipated to reach between €4 billion and €6 billion, signaling a recovery in the semiconductor equipment cycle. This uptick is vital for ASML to meet its revised 2025 revenue targets of €30 billion to €35 billion. A strong Q4 performance would suggest that the recent slowdown was a temporary bottleneck rather than a structural loss of momentum. High demand for EUV and High-NA EUV systems from key clients like TSMC remains the primary catalyst, as the industry pivots toward advanced logic and high-bandwidth memory to support global AI infrastructure expansion.

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ASML