ASML's Profits Plunge 40% and Stock Dives on Chipmaking Tool Orders Miss
TL;DR Summary
ASML, a major chipmaking equipment supplier, reported a 40% drop in net profit and a 25% decrease in revenue for Q1, partly due to a decline in orders and export restrictions on sales to China. Despite this, the company remains optimistic about the future, expecting higher sales in the second quarter and aiming for annual revenue between €30-40 billion by 2025, driven by the demand for advanced semiconductor manufacturing equipment.
- ASML profits plunge 40% amid dip in chipmaking tool orders The Register
- Shares of critical chip firm ASML drop 5% as sales miss expectations with 22% fall CNBC
- ASML's poor quarter is not a good reason to fret about its future Financial Times
- ASML Stock Dives on Orders Miss. Earnings Report Shows Chip Makers Are Cautious. Barron's
- ASML executives expect Chinese demand to remain strong Yahoo! Voices
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