ASML sees more demand than planned capacity. Expansion is the next test.
ASML says planned supply would fall short of customers’ expected demand in 2027 and 2028.[A1]
The catch + why you care
Additional 2028 capacity is under investigation; interest in later orders is not booked revenue.[A1]
Can demand become delivered machines without weakening the economics?
Our view: track what can be built and delivered, alongside what customers say they want.
Full analysis, next checkpoint & sources ↗




