ASML Investors Press Executives on Outlook Despite Bookings Beat

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.

The company’s bookings in the fourth quarter hit €13.2 billion ($15.8 billion) as AI infrastructure needs raised demand for its most sophisticated equipment, far exceeding the average analyst estimate of €6.85 billion, the Veldhoven, Netherlands-based company said in a statement on Wednesday. Even so, analysts raised concerns about the company’s ability to expand capacity and hit the high end of its revenue guidance for the year.

“The ...