ASML Holding NV Falls Short on Q1 Orders Amid Tariff Uncertainty

ASML Holding NV reported weaker-than-expected first-quarter orders, citing growing global uncertainty due to fresh tariff announcements. The Dutch semiconductor equipment firm recorded €3.94 billion ($4.47 billion) in net bookings for Q1, well below the €4.82 billion anticipated by analysts, according to Bloomberg data.

The company supplies advanced chipmaking machinery to leading names like Taiwan Semiconductor Manufacturing Co. and Intel Corp. ASML’s CEO Christophe Fouquet acknowledged that the semiconductor industry is facing renewed pressure. He stated that tariffs are “creating a new uncertainty,” not only for global economic stability but also for future market demand.

Despite missing order expectations, ASML emphasized that bookings often fluctuate and may not fully reflect ongoing business momentum. Nevertheless, concerns persist over how geopolitical tensions and potential tariff measures—particularly from the U.S. government—might impact the broader semiconductor supply chain.

Technical Analysis

As of 2:53:28 PM EDT, stock is trading at $630.08, down $52.79 (-7.75%), following the earnings announcement. Technically, this is seen in a sharp selling pressure after the earnings miss. Current price action is now trading towards a key support zone around $578, which marks the recent low.

If the price faces rejection there, a potential retest of the $770 resistance remains likely.
Alternatively, a successful breakout above the resistance may drive a move toward $600 levels.