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Unlock the Editor\u2019s Digest for free<\/p>\n
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.<\/span><\/p>\n<\/iframe><\/div>\n<div id=\"article-body\">\n<p>Chipmaking equipment supplier ASML said the impact of US tariffs was \u201ca bit less negative than we anticipated\u201d, as artificial intelligence drove strong orders for its lithography machines. <\/p>\n<p>Sales in the Netherlands-based company\u2019s second quarter rose 23 per cent to \u20ac7.7bn, just ahead of analysts\u2019 forecasts. Net bookings,\u00a0a closely watched metric that includes orders for chipmaking gear placed by customers but not yet delivered,\u00a0were \u20ac5.5bn, better than the \u20ac4.4bn analysts had expected, according to Visible Alpha, a research company. <\/p>\n<p>Surging orders for AI chips from Nvidia have driven strong growth at ASML\u2019s biggest customer, Taiwan Semiconductor Manufacturing Company, over the past two years.<\/p>\n<p>However, ASML\u2019s guidance for the third-quarter sales of \u20ac7.4bn-\u20ac7.9bn was less than the \u20ac8.2bn expected by analysts, and chief executive Christophe Fouquet said he \u201ccannot confirm\u201d whether the business \u2014 one of Europe\u2019s largest technology companies by market cap \u2014 would grow overall next year. <\/p>\n<p>\u201cThe level of uncertainty is increasing, mostly due to macroeconomic and geopolitical considerations. And that includes, of course, tariffs,\u201d Fouquet said. \u201cTherefore, while we still prepare for growth in 2026, we cannot confirm it at this stage.\u201d<\/p>\n<p>Analysts had previously expected ASML\u2019s revenues to grow by about 7 per cent in 2026 to \u20ac34.7bn, according to Visible Alpha estimates. <\/p>\n<aside aria-labelledby=\"aside-label\" class=\"n-content-recommended--single-story n-content-recommended--inset\" data-component=\"recommended\">\n<p class=\"n-content-recommended__title o3-type-body-highlight\">Recommended<\/p>\n<div class=\"o-teaser o-teaser--article o-teaser--small o-teaser--stacked o-teaser--has-image o-teaser--opinion js-teaser\" data-id=\"16afa928-f865-4334-8b1c-e889afe4f22c\">\n<div class=\"o-teaser__image-container js-teaser-image-container\">\n<div class=\"o-teaser__image-placeholder\" style=\"aspect-ratio:2218\/1248\"><img decoding=\"async\" class=\"o-teaser__image\" src=\"https:\/\/www.ft.com\/__origami\/service\/image\/v2\/images\/raw\/https%3A%2F%2Fwww.ft.com%2F__origami%2Fservice%2Fimage%2Fv2%2Fimages%2Fraw%2Fhttps%253A%252F%252Fd1e00ek4ebabms.cloudfront.net%252Fproduction%252F325f9153-217a-4b77-b676-ead95c9dee79.jpg%3Fsource%3Dnext-article%26fit%3Dscale-down%26quality%3Dhighest%26width%3D700%26dpr%3D1?source=next&fit=scale-down&dpr=2&width=240\" alt=\"Trainees work on an EUV machine at an ASML facility in Taiwan\"\/><\/div>\n<\/div>\n<\/div>\n<\/aside>\n<p>Yet despite surging orders, shares in ASML have lost more than a fifth of their value over the past year, as cutbacks to capital spending among chipmakers including Intel and Samsung added to investor worries about the effect of the Trump administration\u2019s tariffs on its business. <\/p>\n<p>But the stock jumped on Tuesday after Nvidia and rival AMD said the US would allow them to resume selling AI processors to customers in China. ASML said China would account for about a quarter of its revenue this year. <\/p>\n<p>The company said tariffs could affect it in a number of ways, including sending completed chipmaking machines or their components to the US, as well as parts it brought from the US to Europe. <\/p>\n<p>But for the latest quarter, finance chief Roger Dassen said: \u201cActually, the tariffs panned out to be a bit less negative than we anticipated.\u201d That contributed to a better than expected performance, alongside one-off cost benefits and extra revenue from upgrading some customers\u2019 existing machines. <\/p>\n<\/div>\n<p>#Chipmaking #supplier #ASML #Trump #tariff #impact #negative #expected<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Unlock the Editor\u2019s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chipmaking equipment supplier ASML said the impact of US tariffs was \u201ca bit less negative than we anticipated\u201d, as artificial intelligence drove strong orders for its lithography machines. Sales in the Netherlands-based company\u2019s second quarter […]<\/p>\n","protected":false},"author":1,"featured_media":282,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[460,458,463,461,462,459,121,82],"class_list":{"0":"post-281","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-asml","9":"tag-chipmaking","10":"tag-expected","11":"tag-impact","12":"tag-negative","13":"tag-supplier","14":"tag-tariff","15":"tag-trump"},"_links":{"self":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/posts\/281","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=281"}],"version-history":[{"count":0,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/posts\/281\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/media\/282"}],"wp:attachment":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/iframe><\/div>\n<div id=\"article-body\">\n<p>Chipmaking equipment supplier ASML said the impact of US tariffs was \u201ca bit less negative than we anticipated\u201d, as artificial intelligence drove strong orders for its lithography machines. <\/p>\n<p>Sales in the Netherlands-based company\u2019s second quarter rose 23 per cent to \u20ac7.7bn, just ahead of analysts\u2019 forecasts. Net bookings,\u00a0a closely watched metric that includes orders for chipmaking gear placed by customers but not yet delivered,\u00a0were \u20ac5.5bn, better than the \u20ac4.4bn analysts had expected, according to Visible Alpha, a research company. <\/p>\n<p>Surging orders for AI chips from Nvidia have driven strong growth at ASML\u2019s biggest customer, Taiwan Semiconductor Manufacturing Company, over the past two years.<\/p>\n<p>However, ASML\u2019s guidance for the third-quarter sales of \u20ac7.4bn-\u20ac7.9bn was less than the \u20ac8.2bn expected by analysts, and chief executive Christophe Fouquet said he \u201ccannot confirm\u201d whether the business \u2014 one of Europe\u2019s largest technology companies by market cap \u2014 would grow overall next year. <\/p>\n<p>\u201cThe level of uncertainty is increasing, mostly due to macroeconomic and geopolitical considerations. And that includes, of course, tariffs,\u201d Fouquet said. \u201cTherefore, while we still prepare for growth in 2026, we cannot confirm it at this stage.\u201d<\/p>\n<p>Analysts had previously expected ASML\u2019s revenues to grow by about 7 per cent in 2026 to \u20ac34.7bn, according to Visible Alpha estimates. <\/p>\n<aside aria-labelledby=\"aside-label\" class=\"n-content-recommended--single-story n-content-recommended--inset\" data-component=\"recommended\">\n<p class=\"n-content-recommended__title o3-type-body-highlight\">Recommended<\/p>\n<div class=\"o-teaser o-teaser--article o-teaser--small o-teaser--stacked o-teaser--has-image o-teaser--opinion js-teaser\" data-id=\"16afa928-f865-4334-8b1c-e889afe4f22c\">\n<div class=\"o-teaser__image-container js-teaser-image-container\">\n<div class=\"o-teaser__image-placeholder\" style=\"aspect-ratio:2218\/1248\"><img decoding=\"async\" class=\"o-teaser__image\" src=\"https:\/\/www.ft.com\/__origami\/service\/image\/v2\/images\/raw\/https%3A%2F%2Fwww.ft.com%2F__origami%2Fservice%2Fimage%2Fv2%2Fimages%2Fraw%2Fhttps%253A%252F%252Fd1e00ek4ebabms.cloudfront.net%252Fproduction%252F325f9153-217a-4b77-b676-ead95c9dee79.jpg%3Fsource%3Dnext-article%26fit%3Dscale-down%26quality%3Dhighest%26width%3D700%26dpr%3D1?source=next&fit=scale-down&dpr=2&width=240\" alt=\"Trainees work on an EUV machine at an ASML facility in Taiwan\"\/><\/div>\n<\/div>\n<\/div>\n<\/aside>\n<p>Yet despite surging orders, shares in ASML have lost more than a fifth of their value over the past year, as cutbacks to capital spending among chipmakers including Intel and Samsung added to investor worries about the effect of the Trump administration\u2019s tariffs on its business. <\/p>\n<p>But the stock jumped on Tuesday after Nvidia and rival AMD said the US would allow them to resume selling AI processors to customers in China. ASML said China would account for about a quarter of its revenue this year. <\/p>\n<p>The company said tariffs could affect it in a number of ways, including sending completed chipmaking machines or their components to the US, as well as parts it brought from the US to Europe. <\/p>\n<p>But for the latest quarter, finance chief Roger Dassen said: \u201cActually, the tariffs panned out to be a bit less negative than we anticipated.\u201d That contributed to a better than expected performance, alongside one-off cost benefits and extra revenue from upgrading some customers\u2019 existing machines. <\/p>\n<\/div>\n<p>#Chipmaking #supplier #ASML #Trump #tariff #impact #negative #expected<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Unlock the Editor\u2019s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chipmaking equipment supplier ASML said the impact of US tariffs was \u201ca bit less negative than we anticipated\u201d, as artificial intelligence drove strong orders for its lithography machines. Sales in the Netherlands-based company\u2019s second quarter […]<\/p>\n","protected":false},"author":1,"featured_media":282,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[460,458,463,461,462,459,121,82],"class_list":{"0":"post-281","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-asml","9":"tag-chipmaking","10":"tag-expected","11":"tag-impact","12":"tag-negative","13":"tag-supplier","14":"tag-tariff","15":"tag-trump"},"_links":{"self":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/posts\/281","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=281"}],"version-history":[{"count":0,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/posts\/281\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/media\/282"}],"wp:attachment":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}