Dutch tech giant ASML: China sales to dip 'signficantly' in 2026 / Photo: Lionel BONAVENTURE - AFP
-
Comeback kings Brewers down Rays to take 2-0 World Series lead
-
Sri Lanka seeks faster green energy shift after oil shocks
-
Sri Lankan turbine project fuels anger as fish hauls plunge
-
Riyadh airport resumes flights following Houthi attacks
-
No LeBron, no problem as Sixers roll on
-
'Call of Duty' North Korea invasion edition tops sales charts in South
-
Israel to close all land crossings with West Bank on election day
-
Musk accuses Ukraine of violating Starlink's terms of service
-
'Tech debt coming due': AI-found flaw signals chaos ahead
-
Fed expected to hold rates steady days ahead of US midterms
-
Stop-motion 'Wildwood' showcases 'human creativity' in AI age
-
More Lula, or back to the Bolsonaros? Brazil votes in cliffhanger
-
Expo Contratista Announces 10th Edition in Dallas, Spotlighting Latino Construction Businesses and Workforce Development
-
HKA Enterprises is Powering the Skilled Trades That Are Moving the U.S. Economy Forward
-
Easy Fitness Routines You Can Do at Home
-
7 Creative Things to Do With Your Backyard
-
New Guide Titled "Gold Proof Coins vs Uncirculated Coins: Are Gold Proof Coins a Good Investment" Released
-
Obama blasts Trump's 'chaos and cruelty' while campaigning for Democrats
-
Jorge Martin out of Australian MotoGP with fracture: team
-
Bolsonaro leads Lula in final Brazil election polls
-
Antonelli storms to US Grand Prix pole on weekend he can take title
-
Antonelli storms to pole for US Grand Prix
-
Apologetic Alvarez fires Atletico to win against Deportivo
-
Alvarez fires Atletico to win against Deportivo
-
Lens beat PFC in Ligue 1 matchday impacted by social unrest
-
Japan's Nakai wins Grand Prix de France for second straight year
-
Valkyries hit back against Dream to level WNBA Finals
-
Ronaldinho to make comeback in Italian third tier
-
'Fighting for our rights': Paris protesters determined to march on
-
Israeli forces displace Hebron families after deadly attack
-
Clashes break out in Paris, other French cities amid fresh protests
-
Hamilton on top with Antonelli fourth in final practice at US Grand Prix
-
Spurs seal rare win at Chelsea as Palmer sees red
-
Beier late show sends Dortmund top of Bundesliga
-
Nearly 1,000 arrested in French protests marred by 'elevated' violence: minister
-
Police and protesters clash again at Albanian anti-government rally
-
France extends detention of suspected racist shooter
-
Arteta hails mentality as Arsenal go level with Man City
-
Andrade and Nemour star as Biles cheers at world gymnastics champs
-
Clashes break out in Paris, other cities amid fresh protests
-
Nigeria's Tinubu defends record as economy bites ahead of election
-
Bouthier kicks Vannes to first Top 14 win of season
-
'Guiding star' Fuellkrug bags Bremen brace, Leipzig win
-
Thousands rally for Lula and Bolsonaro on eve of tight Brazil vote
-
Man City's perfect start ended by Aston Villa, Arsenal go joint-top
-
Red-hot Fuellkrug bags Bremen brace, Leipzig win
-
Arsenal sink Everton to join Man City at Premier League summit
-
Thousands gather at new Albanian anti-government rally
-
France protests: Latest developments
-
French police fire tear gas during fresh protests
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.
N.Mitchell--AT