ASML reports strong first-quarter results with net sales of €7.74 billion, up 46.3% YoY. However, net sales missed analyst estimate and the company expects continued growth and dividends in the future.
U.S. major indices traded lower at midday Wednesday, pressured by sharp declines in tech and semiconductor stocks after Washington tightened chip export restrictions to China.
Chip equipment stocks Applied Materials, Lam Research, and KLA are down due to US tariffs on China. ASML reported solid earnings but faces tariff fallout.
Chip stocks are facing selling pressure on Wednesday after NVIDIA Corp (NASDAQ:NVDA) announced that the U.S. government will start requiring a license to export chips to China.
Trump’s order said the U.S. reliance on imported critical minerals “raises the potential for risks to national security, defense readiness, price stability, and economic prosperity.”
According to advance estimates from the U.S. Census Bureau, retail and food services sales rose to $734.9 billion in March 2025. That's up 1.4% from the previous month.
The company added that while it is trying to minimize the impact of tariffs on its performance, it would be appropriate to pass on a “significant part” of the increase in costs due to tariffs to its customers.
In a video interview with analysts, ASML Holding NV's CFO Roger Dassen explained the kind of impact he expects the tariffs to have on his company in 2025.
While the first-quarter bottom-line result beat the 5.78-euro consensus estimate compiled by Finchat, revenue fell nearly in line with an estimate of 7.78 billion euros.
Dutch exports to China dropped in March, ASML Holding neared clearing backlog from China. EUV market to reach $35.70 billion by 2032 with 15.1% CAGR. Chinese researchers develop N-polar GaN wafer, could speed up tech adoption. ASML's Q1 net bookings estimated at 4.89 billion euros.
