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 billion to 60 billion euros and a gross profit margin of approximately 56% to 60% by 2030.

“ASML is well positioned to scale our EUV technology over the next decade and broaden our comprehensive lithography portfolio to offer a wide 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 various megatrends across society, ASML remains positive on the long-term outlook for the semiconductor industry. In addition to the growth potential of key end markets, ASML believes the emergence of AI will create 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 projected to grow to over $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 transition from multi-patterning layers to single-patterning EUV 0.33 NA and EUV 0.55 NA for both advanced logic and DRAM. This, ASML forecasts, will result in double-digit CAGRs in EUV lithography spending in both advanced logic and DRAM between 2025 and 2030.

“We remain confident in the robust demand for ASML’s products and services, driven by growth in semiconductor end markets and the anticipated expansion of lithography spending at leading nodes,” said Chief Financial Officer Roger Dassen. “After assessing the market and technology landscape, we anticipate ASML to achieve 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 anticipate that we will continue to return significant cash to shareholders through dividend increases and share repurchases.”