By Mucahithan Avcioglu
ISTANBUL (AA) — The Netherlands-based semiconductor giant ASML reported lower-than-expected net sales and order bookings in the first quarter of 2025 on Wednesday, saying the recent tariff announcements increased uncertainty.
The firm's net sales in the first quarter were €7.74 billion (approximately $8.79 billion), falling short of the London Stock Exchange's (LSEG) estimate of €7.8 billion.
The chip giant's net bookings totaled €3.94 billion, falling short of expectations of €4.89 billion for the quarter.
On the other hand, the net profit of ASML was €2.36 billion in the same period, above forecasts of €2.3 billion.
"Our conversations so far with customers support our expectation that 2025 and 2026 will be growth years," ASML CEO Cristophe Fouquet.
"However, the recent tariff announcements have increased uncertainty in the macro environment, and the situation will remain dynamic for a while," he added.
Following its financial results, ASML's shares fell over 5% on Wednesday.