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Supplier of Chipmeting Equipment ASML said that the impact of American rates “was a little less negative than we expected”, because artificial intelligence drove strong orders for his lithography machines.
Turnover in the second quarter of the company established in the Netherlands increased by 23 percent to € 7.7 billion, just before analysts predictions. Net bookings, a closely viewed metric with orders for chipping -equipment placed by customers but have not yet been delivered, were € 5.5 billion, better than the € 4.4 billion analysts, according to visible Alpha, a research company, expected.
In the past two years, ascent assignments for AI chips from Nvidia have caused strong growth with the largest customer of ASML, Taiwan Semiconductor Manufacturing Company.
The guidelines of ASML for the turnover of the third quarter of € 7.4 billion- € 7.9 billion were less than the € 8.2 billion expected by analysts, and Chief Executive Christophe Fouquet said that he “cannot confirm” whether the company’s largest technology companies per market capitalization would grow in general.
“The level of uncertainty is increasing, mainly due to macro -economic and geopolitical considerations. And that naturally includes rates,” Fouquet said. “That is why, although we are still preparing for the growth in 2026, we cannot confirm this at this stage.”
Analysts had previously expected that the ASML income would grow by around 7 percent in 2026 to € 34.7 billion, according to visible Alfa estimates.
Despite the rising orders, shares in ASML have lost more than one fifth of their value in the past year, because cuts on capital expenditures among chip makers, including Intel and Samsung, added to the concerns of investors about the effect of Trump administration about its affairs.
But the stock jumped on Tuesday after Nvidia and Rival AMD said that the US would enable them to resume the sale of AI processors to customers in China. ASML said that China would make about a quarter of its income this year.
The company said that rates can influence this in a number of ways, including sending completed chip -making machines or their components to the US, as well as parts that brought it from the US to Europe.
But for the last quarter, finance chef Roger Dassen said: “Actually, the rates were sorted out to be slightly less negative than we expected.” This has contributed to better than expected performance, in addition to one -off cost benefits and extra income from upgrading the existing machines of some customers.
