Citigroup analysts say Dutch chip-equipment maker ASML plans capacity expansion and that some customers are already expressing interest in 2029–2030 orders, implying improving demand visibility. Citigroup says market attention is shifting to the scale of expansion after 2028 and potential margin upside from higher equipment ASPs and greater adoption of high-end lithography tools. ASML CFO Roger Dassen said pricing talks with major customers are complete and related price adjustments are expected

Citigroup analysts say Dutch chip-equipment maker ASML plans capacity expansion and that some customers are already expressing interest in 2029–2030 orders, implying improving demand visibility. Citigroup says market attention is shifting to the scale of expansion after 2028 and potential margin upside from higher equipment ASPs and greater adoption of high-end lithography tools. ASML CFO Roger Dassen said pricing talks with major customers are complete and related price adjustments are expected to start taking effect from 2027. Citigroup concludes rising visibility on longer‑dated equipment procurement is refocusing investors from near‑term order flow to longer‑term capacity growth and margin drivers.