Dutch tech giant ASML: China sales to dip 'signficantly' in 2026 / Photo: © AFP
-
Yamal off mark at World Cup as Spain thrash Saudi
-
Yamal scores on injury return as Spain thrash Saudi Arabia
-
Noskova overpowers Pegula to win Berlin WTA
-
Iran warns US to 'be careful' after Trump threat
-
Gakpo savours 'freedom' to fire Dutch in World Cup title bid
-
Cerundolo outlasts Paul to win marathon Queen's Club final
-
Pogacar wins final stage to seal Tour of Switzerland success
-
Henry the hero for New Zealand as England bring back Stokes
-
Bolivia removes roadblocks after emergency decree
-
Vance hopes US, Iran can turn 'new leaf' with talks
-
Europe sweats through new heatwave, with worse to come
-
Trump-backed hardliner faces leftist senator as Colombia votes
-
Japan striker Ueda channels frustration to send World Cup warning
-
Dominant Tiafoe swats aside Fritz to win Halle Open
-
France hosts street music festival despite worsening heatwave
-
India hails Sooryavanshi after record 11-ball half-century
-
Swiss US-Iran talks venue a playground of world leaders, movie stars
-
Yamal returns to kickstart Spain attack against Saudi Arabia
-
Colombians vote in presidential runoff
-
Nigerian twins Taiwo and Kehinde marry... Taiwo and Kehinde
-
Marc Marquez wins Czech MotoGP to close gap on banned Bezzecchi
-
France presses ahead with street music festival despite extreme heat
-
Marc Marquez wins Czech MotoGP as Bezzecchi banned
-
'Historical justice': Dutch PM makes formal apology to Moluccans
-
Stokes to return as England captain for 3rd New Zealand Test - McCullum
-
Henry the hero as New Zealand level England series in style
-
Britain's King Charles to reveal personal tax bill: Palace
-
Gill to skipper India against England, Kohli to play if fit
-
France presses ahead with street music festivals despite extreme heat
-
UK's Starmer mulling 'political realities': senior minister
-
England's Stokes and Atkinson withdrawn from county games ahead of 3rd Test
-
France presses ahead with music festivals despite extreme heat
-
Ukrainian strikes on Russian-annexed Crimea kill 4, pause fuel sales
-
Springboks recall 'outstanding' Papier for Nations Championship
-
US, Iran set for talks as Lebanon conflict threatens deal
-
Bezzecchi out of Czech MotoGP after slapping steward
-
Spain target convincing win to dispel World Cup doubts
-
FIFA draws criticism as Infantino clocks up air miles at World Cup
-
Curacao keeper Room jokes he deserves statue after World Cup heroics
-
Japan stroll to victory over Tunisia in World Cup's 1,000th game
-
Pakistan's mango exports shrink as Middle East war impacts linger
-
Trump blames 'terrible vandals' for Washington pool renovation woes
-
Iran World Cup travel restrictions to be eased, says coach
-
Man charged over suspected anti-Muslim attacks in Edinburgh
-
Room heroics earn Curacao World Cup point against Ecuador
-
Britain's King Charles to reveal personal tax bill: reports
-
New mindset, prior win give Clark confidence at US Open
-
Fly-half Love ready for All Blacks start after Super Rugby heroics
-
Scheffler eager to seize the moment as career slam beckons
-
Saudis seek to repeat Argentina World Cup 'miracle' against Spain
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.Schlegel--VB