ASML raises 2026 outlook after record AI chip orders and plans management cuts

ASML reported record fourth-quarter orders driven by demand from AI chipmakers and raised its 2026 sales outlook. The company announced 1,700 management job cuts as part of a broader reorganisation.

ASML reported a record fourth-quarter order intake and lifted its sales guidance for 2026 as demand from AI chipmakers increased. The company said client capacity expansions at major foundries and memory makers are feeding through to higher bookings. At the same time, ASML announced management reductions and a shift to hire more engineers to simplify the organisation. Key facts: - ASML's fourth-quarter orders rose to a record €13.2 billion, up from €7.1 billion a year earlier, with the article mentioning demand from AI-focused firms. - The company raised its 2026 sales outlook to €34–39 billion and kept its longer-term 2030 revenue guidance unchanged. - ASML announced 1,700 management job cuts (about 3.8% of staff) and said it plans to reduce roughly 3,000 management positions over the coming months while hiring engineers. - The firm said it will stop reporting quarterly order intake, announced a €12 billion share buyback through 2028, and reported a 2025 net profit rise to €9.6 billion. Summary: ASML's record orders and revised 2026 outlook reflect stronger demand linked to AI chip production, and the company is restructuring management to concentrate on engineering and innovation. Implementation of the reported management reductions and the change to quarterly order reporting are the immediate organisational steps announced; other developments are undetermined at this time.