At its 2024 Investor Day today, ASML Holding N.V. (ASML) provides an update on its long-term strategy as well as global market and technology trends, confirming potential 2030 scenarios for annual revenue between approximately €44 billion and €60 billion with a gross margin of between approximately 56% and 60%.

"We expect that our ability to scale EUV technology into the next decade and extend our versatile holistic lithography portfolio, positions ASML well to contribute to, and leverage the Artificial Intelligence (AI) opportunity, and allows ASML to deliver significant revenue and profitability growth," says President and CEO Christophe Fouquet.

The long-term outlook for the semiconductor industry remains promising, given the role of semiconductors as mission-critical enablers of multiple megatrends across society.

In addition to the growth potential of several important end-markets, ASML believes that the emergence of AI creates a significant opportunity for the semiconductor industry, thanks to the potential that AI brings as the next big driver of productivity and innovation across wider society.

These developments are expected to help fuel global semiconductor sales to over $1 trillion by 2030, which translates into an annual semiconductor market growth rate of approximately 9% in the period 2025-2030.

Further, ASML sees an opportunity to increase the number of EUV exposures through the remainder of this decade. The continued cost-effective scalability of EUV technology is expected to allow customers to further transfer multi-patterning layers to single-patterning EUV 0.33 NA and EUV 0.55 NA, for both advanced Logic and DRAM. As a result, ASML expects a double-digit EUV lithography spending CAGR between 2025 and 2030 for both advanced Logic and DRAM.

"The expected growth in semiconductor end-markets and increasing lithography spending on future nodes, give us confidence in strong demand for our products and services," says Executive Vice President and CFO Roger Dassen. "Based on our assessment of different market and technology scenarios, we expect annual revenue between approximately €44 billion and €60 billion with gross margin between approximately 56% and 60% by 2030. We confirm our capital allocation strategy, and expect to continue to return significant amounts of cash to our shareholders through a combination of growing dividends and share buybacks."

ASML's strong industry partnerships are essential to our overall success, and we continue to work together with industry and the community to maintain a leadership position in ESG sustainability.

Webcast and presentations

The Investor Day program on November 14 runs from 13:00 to 17:30 CET. The link to the live webcast can be found on our website (no pre-registration required). The presentations and a recording will be made available afterwards on asml.com.