ASML presented its latest outlook on long-term strategy, global markets and technology trends at its 2024 Investor Day held in Veldhoven, the Netherlands on the 14th.

In the announcement that day, it was announced that the company would achieve annual sales of approximately 44 to 60 billion euros and a gross profit margin of approximately 56 to 60 percent by 2030.

“ASML is well positioned to scale its EUV technology over the next decade and to broaden our comprehensive lithography portfolio to offer a broad range of capabilities,” said Christophe Fouquet, CEO. “This will position us to capitalize on and contribute to the opportunities presented by artificial intelligence (AI), enabling us to achieve significant revenue and profitability growth.”

Given that semiconductors are a key enabler of a range of megatrends across society, ASML sees the long-term outlook for the semiconductor industry as still positive. In addition to the growth potential of key end markets, ASML sees the emergence of AI as creating significant opportunities for the semiconductor industry. Because AI has the potential to become a major driver of next-generation productivity and innovation across society.

Driven by these developments, global semiconductor sales are expected to grow to more than $1 trillion by 2030, with the semiconductor market projected to grow at an annual rate of approximately 9% between 2025 and 2030.

ASML also sees the potential for increased EUV exposure counts through 2030. The continued cost-effectiveness of EUV technology will enable customers to further migrate from multi-patterning layers to single-patterning EUV 0.33 NA and EUV 0.55 NA for both advanced logic and DRAM. This will result in a double-digit CAGR in EUV lithography spending in advanced logic and DRAM between 2025 and 2030, ASML forecasts.

“We remain confident in the robust demand for ASML’s products and services, driven by growth in semiconductor end markets and the anticipated increase in lithography spending at leading nodes,” said Roger Dassen, Chief Financial Officer. “After assessing the conditions across multiple markets and technologies, we anticipate ASML to generate annual revenues of approximately €44 billion to €60 billion and a gross margin of approximately 56% to 60% by 2030. We remain committed to our capital allocation strategy and expect to continue to return significant cash to shareholders through increased dividends and share repurchases.”