Critical chip firm ASML posts fourth-quarter sales and profit beat

A logo on the exterior of the ASML Holding NV headquarters in Veldhoven, Netherlands, on Wednesday, Jan. 24, 2024.

Peter Boer | Bloomberg | Getty Images

Dutch semiconductor equipment maker ASML on Wednesday reported better-than-expected net sales and profit results for the fourth quarter.

Here’s how ASML did versus LSEG consensus estimates for the fourth quarter:

Net sales: 9.26 billion euros versus 9.07 billion euros expected.
Net profit: 2.69 billion euros versus 2.64 billion euros expected.

ASML suffered losses during a global tech sell-off earlier in the week after Chinese startup DeepSeek’s low-cost AI application triggered questions over competitiveness and U.S. leadership in the sector.

This breaking news story is being updated.

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