ASML finally offered a first glimpse into how U.S. restrictions on exports of its advanced chip manufacturing tools to China will impact its sales

ASML just gave us a first glimpse into how U.S. chip export curbs will dent its China sales

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2024-10-16 20:30:07

ASML finally offered a first glimpse into how U.S. restrictions on exports of its advanced chip manufacturing tools to China will impact its sales in the Asian country.

The Netherlands-based chip equipment maker said in its earnings report Tuesday, which was released a day early due to a "technical error," that it expects net sales for 2025 to come in between 30 billion euros and 35 billion euros ($32.7 billion and $38.1 billion). This is at the lower half of the range ASML had guided previously.

ASML is a critical part of the global chip supply chain. The firm's extreme ultraviolet lithography machines are used by many of the world's largest chipmakers — from Nvidia to Taiwan Semiconductor Manufacturing — to produce advanced chips.

While third-quarter net sales at the firm reached 7.5 billion euros — beating expectations — net bookings came in at 2.6 billion euros ($2.83 billion), the company said. That was well below a 5.6 billion euro consensus estimate from LSEG.