ASML Reports Lower Order Intake but Sees Profit Rise in Q1

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ASML Reports Lower Order Intake but Sees Profit Rise in Q1
Photo: Peter Dejong/AP/TT

Dutch ASML, manufacturer of data chip machines, reports a weaker-than-expected order intake during the first quarter. Among the company's major customers are Taiwanese TSM and American Intel.

The order intake landed at 3.94 billion euros, compared to 4.47 billion euros during the same period last year. Analysts' expectations were at 4.8 billion euros.

The profit after tax increased to 2.4 billion euros, compared to 1.2 billion euros in the corresponding quarter last year. Despite the management warning of tailwind effects, the sales forecast for 2025 remains unchanged, at between 30 and 35 billion euros.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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