ASML’s Q1 Earnings Shock: Net Profits Exceed Expectations While Sales Fall Short! What’s Next for the Semiconductor Giant?
Eindhoven, Netherlands – ASML, a leading semiconductor company, reported a decrease in net sales to 5.29 billion euros in the first quarter, falling short of expected revenues. Despite the decline, net profit exceeded expectations at 1.22 billion euros. The drop in net sales by 21.6% and net income by 37.4% reflects the challenges faced by ASML due to weakened demand for consumer electronics like smartphones and laptops. This impact on chipmakers producing semiconductors has resulted …