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Dutch semiconductor equipment Asml On Wednesday, they missed expectations for clean orders and stated that the uncertainty as a result of new trade restrictions in the US could affect the demand for its critical machines to create chips.
In the first three months of 2025, ASML reported net orders of 3.94 billion euros (4.47 billion dollars), against the forecast of analysts at 4.89 billion euros.
Here’s how ASML did compared to the LSEG consensus estimates for the first quarter:
- Clean Sales: 7.74 billion of 7.8 billion euros expected
- Net income: 2.36 billion, against 2.3 billion euros, expected
In the comments accompanying the results, ASML CEO Christoph Fuken said the demand “remains strong” when the artificial intelligence remains a key driver. However, he added that “uncertainty with some of our customers” could cause the company to the lower end of its complete income.
ASML estimates 2025 income from 30 billion to EUR 35 billion.
The tariff uncertainty
Fuoke said the tariffs “create a new uncertainty” both at the macroeconomic level and in relation to “our potential market requirements”.
“So, this is the dynamics, I think we should watch very carefully,” Fuoke said. “Now, as they say, where we are today, we still see our revenue range for 2025, which is mostly 30 and 35 billion euros.”
Ben Barringer, a stock research analyst at Quilter Cheviot, said the impact of the US tariffs on ASML could be “widespread”, but added that at this stage it is too early to tell what effect it would have.
“I think it is too early to comment on whether the ASML sides are choosing,” said Barringer on Wednesday, “Squawk Box Europe” CNBC. “A little likes their largest customer, TSMC, ASML just wants to support customers worldwide. They are all manufacturing equipment.”
Over the past two weeks, the world’s chips have been fragile against the background of the worries about how the US president Donald Trump The tariff plans will affect the semiconductor supply chain.
Last week, the US administration announced smartphones, computers and semiconductors, which will be temporarily released from the so -called “mutual” duties in counterparties. But on Sunday, Trump and his top trade officials created confusion with comments that there would be no tariffs for the electronics industry, and that these goods were instead moving to another “bucket”.
On Tuesday, the federal government announced that the US Trade Department was investigating national security for semiconductor technology and related products downstream. The probe will study whether additional trading measures are, including tariffs, “necessary to protect national security”.
