ASML Stock Recent News

Executives at Dutch computer chip equipment maker ASML said on Wednesday they expect demand from Chinese customers to remain strong, representing "in the ballpark" of 20% of the company's order backlog.

ASML (NASDAQ: ASML ) is one of the top trending tickers today as ASML stock falls more than 6% as of this writing. This downturn comes after the Netherlands-based company — which makes machinery for semiconductor manufacturing — reported that orders tumbled in the first quarter compared to Q4.

As continental Europe's largest technology company by market capitalisation (and third largest overall behind Novo Nordisk (NYSE:NVO) and LVMH), ASML's results are always the subject of attention. The Dutch group provides the nuts-and-bolts machinery used by TSMC, Samsung, Intel and others to manufacture the microchips that go into just about every data centre, computer and smartphone in the world.

ASML NASDAQ: ASML struggled in Q1 and has a warning for semiconductor investors. The warning is that new orders were less strong than hoped and undercut the semiconductor industry's outlook.

ASML , the biggest supplier of equipment to computer chip makers, said on Wednesday said it has shipped one of its newest "High NA" EUV lithography systems to a second customer.

Semiconductor equipment maker ASML Holding NV (NASDAQ:ASML) posted sharper falls in first-quarter bookings than expected, but it expects a rebound in the current quarter and a stronger second half. New bookings in the first three months of 2024 slumped to €3.6 billion from €9.2 billion in the fourth quarter of last year, and below analyst forecasts of around €5.4 billion.

Dutch tech giant ASML, which supplies chip-making machines to the semiconductor industry, on Wednesday reported a drop in net profits and orders amid a high-tech trade spat between China and the West.

ASML Holding shares dropped on Wednesday after its orders missed expectations. It's a sign of caution in the chip industry despite a race to build up national semiconductor sectors.

ASML Holding, the Dutch microchip equipment maker whose machines are so high tech that the U.S. limits what it can sell to China, on Wednesday reported worse-than-expected orders and a sharp drop in profit as the company works through what it calls a transition year.

Order bookings at ASML Holding NV were €3.6 billion ($3.8 billion) in the first quarter, compared with an average of €4.63 billion ($4.9 billion) by analysts surveyed by Bloomberg. Europe's most valuable technology firm and the world's sole producer of equipment needed to make the most advanced chips was hurt by the downturn in demand for its most advanced machines from the chip making industry.