VELDHOVEN, Netherlands — ASML reported third-quarter earnings on Tuesday that exceeded analyst forecasts, with net bookings surpassing €5bn as artificial-intelligence demand drove orders for its extreme ultraviolet lithography systems. Shares rose in early Amsterdam trading.

ASML, the sole manufacturer of EUV machines essential for producing the most advanced semiconductors, said sales for the quarter came in at the upper end of its guidance. The company reiterated that AI infrastructure spending by chipmakers including TSMC, Samsung and Intel continued to underpin demand for its highest-margin tools.

Chief executive Christophe Fouquet told analysts that orders for High-NA EUV systems, the company's next-generation platform, had strengthened as customers prepared for sub-2-nanometre production nodes. He pointed to logic chip demand tied to AI accelerators as the primary driver, while memory bookings also recovered.

The results carry weight beyond Veldhoven, as ASML is widely treated as a bellwether for the global semiconductor cycle. Analysts at Morgan Stanley and ING had flagged the earnings as a key test of whether AI-related capital spending would hold into 2027 despite export-control pressures on sales to China.

ASML reaffirmed its full-year revenue outlook and signalled growth into next year, though it cautioned that Chinese demand would moderate as a share of total sales under tightened Dutch and US export restrictions. The company said it expected AI-driven logic investment to offset that decline.