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 said that net bookings, a key indicator of order demand, came in at 7.09 billion euros.
That was up 169% from the 2.63 billion euros ASML reported in the third quarter, and exceeded the 3.99 billion euros expected by analysts polled by Visible Alpha, according to Reuters.
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.
