Shares in ASML Holding NV (NASDAQ:ASML) surged 8.8% higher after the maker of semiconductor manufacturing equipment turned in record revenues and earnings well ahead of expectations, as well as backing its outlook for 2025. Revenues were boosted by a strong level of orders for the final quarter of last year of €7.1 billion, of which €3.0 billion was its cutting-edge extreme ultraviolet (EUV) lithography machines.
Chip gear maker ASML beat analyst expectations for the fourth quarter and guided above views for the current period. The post Chip Gear Leader ASML Smashes Bookings Target.
CNBC's Arjun Kharpal speaks to the ASML CEO on the company's earnings, AI growth and competition with Chinese players.
Without addressing the specifics of DeepSeek's newly revealed R1 model, ASML CEO Christophe Fouquet told CNBC he sees no sign of a slowdown in demand for AI-focused chips.While acknowledging there is "a lot of discussion" surrounding DeepSeek, the ASML CEO said his company hasn't heard from customers asking about the impact the Chinese firm's model will have on chip demand. Growing awareness of DeepSeek's new model caused a severe slump in technology stocks this week.
Shares in Dutch tech giant ASML soared Wednesday despite a dip in annual net profit, as investors cheered better-than-expected orders for its cutting-edge chip-making machines.
Dutch chip equipment ASML moves to calm investor jitters over AI plans, beating Q4 expectations with net income of €2.69bn. Nvidia shares have slowly rebounded following Monday's DeepSeek-driven bloodbath, ending yesterday's session almost 9 per cent higher.
The company reported fourth-quarter earnings of 6.85 euros ($7.14) a share on sales of 9.3 billion euros, beating expectations.
ASML's orders in the fourth quarter beat estimates, with reported bookings of €7.09 billion ($7.4 billion) as the artificial intelligence boom drove demand for its chipmaking machines. The results came after ASML's market capitalization fell by more than €19 billion on Monday on concern that Chinese startup DeepSeek's latest AI model can provide comparable performance to Western chatbots at a fraction of the price.
ASML shares rose sharply in early Frankfurt trading on Wednesday following strong quarterly bookings.
ASML, the maker of advanced microchip-making equipment, on Wednesday reported better-than-expected earnings after foundries upgraded their machines as its bookings surged ahead of estimates.
Critical chip firm ASML posts fourth-quarter sales and profit beat
ASML , the biggest supplier of computer chip-making equipment, on Wednesday reported much better than expected fourth-quarter bookings of 7.08 billion euros ($7.39 billion), on strong demand for its most advanced tools.