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Net sales fell 21.6% year-on-year while net income dropped 37.4%. ASML's net sales fell in the middle point of the company's guidance. ASML on Monday said first-quarter profit beat expectations while sales missed forecasts, with the company sticking to its full-year outlook. ASML has previously said it expects net sales for 2024 to be similar to 2023 and reiterated this projection on Monday. ASML previously said that export restrictions would impact 10% to 15% of China sales this year.
Persons: Joe Biden's, ASML, Peter Wennink, ASML's bullishness, Roger Dassen Organizations: Samsung, Taiwan Semiconductor Manufacturing Co, Intel Locations: Netherlands, China, U.S, America
ASML warns of flat 2024 sales as chipmakers slow orders
  + stars: | 2023-10-18 | by ( ) www.reuters.com   time to read: +2 min
The company reported net profit of 1.9 billion euros ($2.01 billion) for the three months ended Sept. 30, in line with analyst expectations. Net bookings were 2.6 billion euros, compared with third quarter sales of 6.7 billion euros. "Consensus expectations still call for 7% sales growth next year, which should come down today," Stifel analysts said in a note. Dassen said ASML still had an order backlog of 35 billion euros and a strong 2025 would follow an uncertain 2024, given its customers' expansion plans in Asia, the United States and Europe. Dassen said the company did not expect any financial impact from an updated U.S. policy announced Tuesday restricting sales of semiconductor equipment to China.
Persons: they're, Roger Dassen, Dassen, ASML, Toby Sterling, Victor Goury, Rashmi Aich, Mark Potter Organizations: Jefferies, Semiconductor, ASML, Samsung, Intel, Thomson Locations: AMSTERDAM, Amsterdam, Asia, United States, Europe, China, Taiwan, South Korea
ASML China sales dip in Q1 but seen stronger next nine months
  + stars: | 2023-04-19 | by ( ) www.reuters.com   time to read: +1 min
AMSTERDAM, April 19 (Reuters) - Dutch semiconductor equipment maker ASML Holding NV (ASML.AS) expects sales to mainland China to pick up for the remainder of 2023 following a dip in the first quarter, it said on Wednesday. ASML's sales in mainland China, its third biggest market after Taiwan and South Korea, have been the subject of a high profile geopolitical tug-of-war. Dassen reiterated that would affect one slice of potential exports to mainland China, but demand from chip makers who make slightly older chips remains strong. "Domestic China accounts for more than 20% in our backlog," despite a dip in first quarter sales to about 8% of the company's total, he said in a statement accompanying the earnings. "That means you will see a significant pick up of the sales into domestic China for the quarters to come this year."
AMSTERDAM, Oct 13 (Reuters) - Shares in Dutch semiconductor equipment maker ASML (ASML.AS) fell 7% on Thursday after its biggest customer Taiwan Semiconductor Manufacturing Co (TSMC) cut its forecasts for capital spending by 10% this year, citing in part equipment delays. ASML, Europe's largest technology company, did not immediately respond to requests for comment. The company's shares were down 7.0% at 385.10 euros ($371.93) at 1259 GMT. ASML has forecast third quarter sales of 5.1 billion -5.4 billion euros ($4.93 billion-$5.22 billion). ($1 = 1.0354 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Toby Sterling; Editing by Susan FentonOur Standards: The Thomson Reuters Trust Principles.
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