Bookings surged in the fourth quarter, indicating strong demand.

ASML is the only company in the world that makes extreme ultraviolet lithography machines, which are crucial for manufacturing advanced AI chips

ASML Holding NV failed to satisfy investors with record orders in the fourth quarter as analysts continued to question whether the Dutch semiconductor equipment maker can sustain its artificial intelligence-fueled momentum.

ASML Holding N.V. upgraded to Buy as semi capex cycle builds for 2027-28. Click for this updated look at ASML stock following the latest earnings release.

ASML stock surged 6% on Wednesday, after the Dutch semiconductor equipment maker posted record results and announced a €12 billion three-year buyback program alongside a 17% dividend hike. While the investors focused on the capital returns,

European stocks finished Wednesday lower as regional investors geared up for earnings season.

ORDERS FORECAST: The Dutch semiconductor-equipment maker is expected to report orders of 6.95 billion euros ($8.25 billion), according to Visible Alpha. The forecast is slightly below orders of 7.09 billion euros that ASML reported a year earlier.

Dutch semiconductor equipment maker ASML ( ASML) rose nearly 5% in Amsterdam after it reported record Q4 bookings of €13.2B, above the average analyst estimate of €6.85B. Q4 net sales rose about 5% year-over-year to €9.72B.