Dutch tech giant ASML: China sales to dip 'signficantly' in 2026 / Photo: Lionel BONAVENTURE - AFP
-
Kenya's economy faces climate change risks: World Bank
-
Mired in economic trouble, Bangladesh pins hopes on election boost
-
Chinese cash in jewellery at automated gold recyclers as prices soar
-
Nvidia boss insists 'huge' investment in OpenAI on track
-
Snowstorm barrels into southern US as blast of icy weather widens
-
Ex-prince Andrew again caught up in Epstein scandal
-
How Lego got swept up in US-Mexico trade frictions
-
Snow storm barrels into southern US as blast of icy weather widens
-
Ex-prince Andrew dogged again by Epstein scandal
-
'Malfunction' cuts power in Ukraine. Here's what we know
-
Women in ties return as feminism faces pushback
-
Ship ahoy! Prague's homeless find safe haven on river boat
-
Epstein offered ex-prince Andrew meeting with Russian woman: files
-
China factory activity loses steam in January
-
Melania Trump's atypical, divisive doc opens in theatres
-
Gold, silver prices tumble as investors soothed by Trump Fed pick
-
US Senate votes on funding deal - but shutdown still imminent
-
Trump expects Iran to seek deal to avoid US strikes
-
NASA delays Moon mission over frigid weather
-
Fela Kuti: first African to get Grammys Lifetime Achievement Award
-
Cubans queue for fuel as Trump issues oil ultimatum
-
France rescues over 6,000 UK-bound Channel migrants in 2025
-
Analysts say Kevin Warsh a safe choice for US Fed chair
-
Fela Kuti to be first African to get Grammys Lifetime Achievement Award
-
Gold, silver prices tumble as investors soothed by Trump's Fed pick
-
Social media fuels surge in UK men seeking testosterone jabs
-
Trump nominates former US Fed official as next central bank chief
-
Chad, France eye economic cooperation as they reset strained ties
-
Artist chains up thrashing robot dog to expose AI fears
-
Dutch watchdog launches Roblox probe over 'risks to children'
-
Cuddly Olympics mascot facing life or death struggle in the wild
-
UK schoolgirl game character Amelia co-opted by far-right
-
Panama court annuls Hong Kong firm's canal port concession
-
Asian stocks hit by fresh tech fears as gold retreats from peak
-
Apple earnings soar as China iPhone sales surge
-
With Trump administration watching, Canada oil hub faces separatist bid
-
What are the key challenges awaiting the new US Fed chair?
-
Moscow records heaviest snowfall in over 200 years
-
Polar bears bulk up despite melting Norwegian Arctic: study
-
Waymo gears up to launch robotaxis in London this year
-
French IT group Capgemini under fire over ICE links
-
Czechs wind up black coal mining in green energy switch
-
EU eyes migration clampdown with push on deportations, visas
-
Northern Mozambique: massive gas potential in an insurgency zone
-
Gold demand hits record high on Trump policy doubts: industry
-
UK drugs giant AstraZeneca announces $15 bn investment in China
-
Ghana moves to rewrite mining laws for bigger share of gold revenues
-
Russia's sanctioned oil firm Lukoil to sell foreign assets to Carlyle
-
Gold soars towards $5,600 as Trump rattles sabre over Iran
-
Deutsche Bank logs record profits, as new probe casts shadow
NYSE - LSE
Dutch tech giant ASML: China sales to dip 'signficantly' in 2026
Dutch tech giant ASML said on Wednesday it expected its sales in China to fall significantly next year, as it booked flat net profits in the third quarter of 2025 compared with the same quarter last year.
"We expect China customer demand, and therefore our China total net sales in 2026 to decline significantly compared to our very strong business there in 2024 and 2025," said CEO Christophe Fouquet in a statement.
The firm, which makes cutting-edge machines that manufacture semiconductors, announced net profits of 2.125 billion euros ($2.5 billion), after 2.077 billion euros in the third quarter of last year.
Net sales in the third quarter of 2025 came in at 7.5 billion euros. ASML had forecast a figure between 7.4 billion euros and 7.9 billion euros.
"Our third-quarter total net sales... were in line with guidance, reflecting a good quarter for ASML," said Fouquet.
In July, the firm had warned that geopolitical and trade tensions had clouded the near-term outlook for its growth.
ASML said then that it could not confirm it would be in the black in 2026.
But on Wednesday, Fouquet said: "We do not expect 2026 total net sales to be below 2025," adding that the firm would give more details on next year's outlook in January.
D.Goldberg--CPN