ASML Reports Strong Growth in Q1

ASML's net income in the first quarter of 2025 nearly doubled year over year to €2.4 billion. The Dutch chipmaking machinery supplier reported sales growth of 46.4% to €7.7 billion in the period.

The number of new lithography systems sold dropped to 73 from 119 in Q4, with net bookings down to 7,088 from 3.936. Revenue in 2024 increased 2.5% to €30.6 billion. The company forecasts Q2 sales at between €7.2 billion and €7.7 billion, up from €6.3 billion in the same period of 2024.

CEO Christophe Fouquet used the Q1 earnings statement to highlight that recent tariff hikes had increased uncertainty in the macro environment, forecasting the situation to remain dynamic for a while. Fouquet noted conversations with customers support its expectation that 2025 and 2026 would be growth years, with AI continuing to be the main driver.

As previously forecast, he expects sales for 2025 at between €30 billion and €35 billion, subject to the uncertainties he mentioned. Fouquet cautioned that uncertainty among some customers could push full-year revenue toward the lower end of its target.