ASML says AI chip demand will outrun its supply in 2027 and 2028

ASML just told the world it cannot build machines fast enough. The Dutch company says customer demand will exceed its supply in both 2027 and 2028, driven by the global rush to build AI infrastructure. The forecast arrived alongside ASML’s third-quarter results on October 14, 2026. Those numbers set records, and the company raised its full-year outlook. Chipmakers, meanwhile, are already trying to lock in equipment for the end of the decade. Record quarter, bigger forecast ASML posted record net sales of €11.66 billion for the third quarter. Net income came in at €4.96 billion. The company also lifted its 2026 full-year net sales guidance to between €44 billion and €45 billion. That revision reflects both strong execution and customers committing more heavily to its most advanced tools, including High-NA EUV systems. Fourth-quarter guidance looks even stronger. ASML expects sales between €14.2 billion and €15.2 billion, with gross margin of around 57%. Supply is the bottleneck now The headline figure is the supply gap. ASML says its current production plans will not satisfy customer demand in 2027 or 2028. The company already moved to address this once. In July 2026, ASML announced...