THE HAGUE, April 16 (Xinhua) -- Dutch chip-making equipment manufacturer ASML issued a warning on Wednesday regarding the growing uncertainty linked to new U.S. tariffs, as it released lower financial results for the first quarter (Q1) of 2025.
"The whole dynamic is still very new," ASML CEO Christophe Fouquet said in a video message on the company's website. "One thing I like to say, which is shared by many experts, is that this dynamic is creating a new uncertainty. We have to watch it very carefully."
While the impact of tariffs imposed by U.S. President Donald Trump is not yet fully reflected in Q1 results, ASML, one of Europe's leading semiconductor equipment manufacturers, expressed concern about potential consequences for its 2025 and 2026 outlook.
"Our conversations so far with customers support our expectation that 2025 and 2026 will be growth years," Fouquet noted. "However, the recent tariff announcements have increased uncertainty in the macro environment, and the situation will remain dynamic for a while."
ASML reported net sales of 7.74 billion euros (8.81 billion U.S. dollars) in Q1 2025, down from 9.26 billion euros in the fourth quarter of 2024. According to Fouquet, the results were "in line with our guidance." Net income also declined, totaling 2.35 billion euros, compared to 2.69 billion euros in the previous quarter.
Looking ahead, Fouquet said, "We expect second-quarter total net sales between 7.2 billion and 7.7 billion euros. As we previously communicated, we expect total net sales for the year to range between 30 billion and 35 billion euros, subject to the uncertainties mentioned earlier."
ASML is headquartered in Veldhoven, in the southern Netherlands. (1 euro = 1.14 U.S. dollars)
