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ASML sees significant China demand drop, Q3 bookings above estimates
ASML expects China sales to drop significantly in 2026 due to export restrictions and geopolitical tensions despite a 15% overall sales increase forecast for 2025, CEO said.
- On Wednesday, ASML warned China total net sales in 2026 will decline significantly versus 2024 and 2025, but overall 2026 sales are not expected below 2025 levels.
- Export curbs from the Netherlands and US have constrained ASML sales to China, while Beijing's self-sufficiency drive accelerates, with SMIC testing a homegrown DUV machine last month.
- ASML's Q3 performance, driven by bookings, showed third-quarter total net sales of 7.516 billion euros, net bookings of 5.40 billion euros, net profit of 2.13 billion euros, and sales of 66 lithography systems including 3.6 billion euros in EUV kit.
- For Q4, ASML forecasted sales guidance of �9.2bn to �9.8bn with gross margin up to 53%, shares climbed over 3%, and the company will provide more 2026 outlook details in January.
- ASML remains the only supplier of EUV photolithography tools, with 42% of Q3 sales from China, and projects AI-driven sales to reach €44–€60 billion by 2030.
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ASML expects to sell significantly fewer chip machines in China in 2026. Nevertheless, the company remains optimistic about the coming year. The Eindhoven-based chip machine manufacturer does not expect revenue next year to be lower than this year's. ASML attributes the decline in demand from China to the exceptionally strong past two years. According to the company, this was mainly due to a backlog that needed to be cleared. Due to the coronavi…
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Coverage Details
Total News Sources58
Leaning Left5Leaning Right8Center18Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
L 16%
C 58%
R 26%
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