ASML still digesting impact of tariffs

ASML can’t give the semiconductor and the rest of the world what it craves: some clarity on the impact of the trade war unleashed by US President Trump. The equipment manufacturer says it’s “way too early” to discuss the reverberations. “We can’t possibly put a number on it,” said chief financial officer Roger Dassen in press material accompanying his company’s first-quarter results.

For the time being, ASML is sticking with its previously issued forecast of 30-35 billion euros in sales this year and further growth next year. “Our conversations so far with customers support our expectation that 2025 and 2026 will be growth years. However, the recent tariff announcements have increased uncertainty in the macro environment and the situation will remain dynamic for a while,” according to CEO Christophe Fouquet.