Earnings

Critical chip firm ASML posts quarterly bookings surge on heated AI demand

Products You May Like

In this article

A logo on the exterior of the ASML Holding NV headquarters in Veldhoven, Netherlands, on Wednesday, Jan. 24, 2024.
Peter Boer | Bloomberg | Getty Images

Dutch semiconductor equipment maker ASML on Wednesday reported better-than-expected net sales and profit results for the fourth quarter.

Here’s how ASML did versus LSEG consensus estimates for the fourth quarter:

  • Net sales: 9.26 billion euros versus 9.07 billion euros expected.
  • Net profit: 2.69 billion euros versus 2.64 billion euros expected.

ASML suffered losses during a global tech sell-off earlier in the week after Chinese startup DeepSeek’s low-cost AI application triggered questions over competitiveness and U.S. leadership in the sector.

This breaking news story is being updated.

Products You May Like

Articles You May Like

Stock pickers are on a record run with investors. Don’t be fooled, says index fund guru
Steel and aluminum stocks surge on Trump plan to impose 25% tariffs on imports to U.S.
Watch Fed Chair Powell speak live before House Financial Services Committee
Restaurants warn of weak first quarter, but say sales will pick up later this year
Coca-Cola is about to report earnings. Here’s what to expect

Leave a Reply

Your email address will not be published. Required fields are marked *