ASML warns it may not achieve growth in 2026
Analysts had hoped that the quarter would provide some reassurance over its outlook for 2026. However, the company warned that geopolitical uncertainty continued to cloud its prospects.
"The level of uncertainty is increasing, mostly due to macroeconomic and geopolitical consideration. And that includes, of course, tariffs", ASML's chief executive Christophe Fouquet said in an internal interview published on the company's website.
"While we still prepare for growth in 2026, we cannot confirm it at this stage", Fouquet said in a statement.
If it materialized, 2026 would be the first flat year in over a decade of uninterrupted revenue growth since 2012.
ASML investor Han Dieperink, chief investment officer at investment firm Aureus, said he was not worried about the upcoming year, noting that the quarter pointed to solid demand.
The Dutch group's net bookings, the most closely watched figure in the industry, were 5.54 billion euros ($6.4 billion). That was ahead of analysts' consensus estimate of 4.44 billion euros, according to researcher Visible Alpha.
"The second quarter beats from top to bottom", analyst Michael Roeg of Degroof Petercam said. Roeg cited strong demand from artificial intelligence related chipmakers.
ASML's EUV lithography machines, the world's most advanced chip circuit printing system, is the key enabling technology behind leading-edge chips like those used in Nvidia's (NVDA.O), opens new tab GPUs, or Apple's (AAPL.O), opens new tab Macs and iPhones.
($1 = 0.8608 euros)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
25 minutes ago
- Reuters
Santander's Q2 net profit rises 7% as fees offset lower lending income
MADRID, July 30 (Reuters) - Santander ( opens new tab on Wednesday said its net profit rose 7% year-on-year in the second quarter as higher fees and lower provisions offset a decline at its main retail lending business triggered by lower interest rates. The euro zone biggest lender by market value booked a quarterly record net profit of 3.43 billion euros ($3.96 billion), slightly more than the 3.36 billion euros expected by analysts polled by Reuters. A 2.4% increase of fees compensated a 0.8% lending income decline. Growth in Santander's key Latin American markets has given it an edge over more Europe-dependent rivals but currency depreciations in Mexico and Brazil due to geopolitical risks stemming from U.S. trade tariffs drove net profit down in those two markets. The bank also announced a new share buyback of 1.7 billion euros, equivalent to around 25% of the group's profit in the first half of 2025, that will start on Thursday after obtaining regulatory approval. ($1 = 0.8669 euros)
The Independent
18 hours ago
- The Independent
BT refunds £18m to customers over contract failures
BT has refunded £18 million to customers after Ofcom ruled it did not give them enough information about their contracts. The regulator fined BT £2.8 million last year after it failed to provide some EE and Plusnet customers with 'clear and simple' contract information before signing up to a new deal. Since June 2022, phone and broadband companies have been required to give consumers and small businesses the details of a contract, as well as a short summary of the key terms, before signing up. This includes the price and length of the contract, the speed of the service and any early exit fees. Ofcom opened an investigation into BT, which owns EE and Plusnet, having received information it may have failed to provide the documents. It found more than 1.3 million sales were made without providing customers with the adequate information. At least 1.1 million customers were affected. Ofcom found the telecoms giant broke consumer protection rules, requiring BT to contact affected customers, explaining it had not provided them with the necessary information. However, some affected customers left BT before the end of their contract and may have been charged an early exit fee, according to Ofcom. In a statement, Ofcom said: 'As well as fining BT, we also required it to amend its sales process and refund any affected customers who may have been charged for leaving before the end of their contract period. We told the company that if it was unable to refund any money, it must donate it to charity. 'As a result of this enforcement action, BT has now refunded or credited £18 million back to customers and donated £440,000 across 17 charities where refunds or credits were not possible.' A BT spokesman said: 'We're sorry that pre-contract information and contract summary documents were not available to some of our customers in a timely manner. 'We have taken steps to proactively contact affected customers and refund them if they had subsequently paid any early termination charges. We take compliance seriously at BT and have worked closely with Ofcom to implement all remedial actions.'
Reuters
18 hours ago
- Reuters
Vespa maker Piaggio's profit falls 42% in first half of 2025
July 29 (Reuters) - Italy's Piaggio ( opens new tab said on Tuesday its net profit fell 42.2% to 30.1 million euros ($34.84 million) in the first half of 2025 in a contracting market for motor vehicles. Piaggio, known for its iconic Vespa scooters, sold 238,400 vehicles between January and June this year, compared to 270,100 in the first half of 2024. "In historical moments like these, with international trade disputes and increased geopolitical tensions, being able to remain flexible, controlling liquidity and financial management, is essential," CEO Michele Colaninno said in a statement. The manufacturer said its earnings before interest, taxes, depreciation and amortization (EBITDA) fell 15.3% year-on-year to 147.1 million euros, with an EBITDA margin of 17.3%. The group also pledged to distribute an interim dividend of 4 euro cents per share on its 2025 results. ($1 = 0.8639 euros)
