ASML beats Q1 earnings estimates, but chip market uncertainty weighs on outlook.

ASML Holding NV reported a threefold jump in net profit to €1.96bn ($2.15bn) on revenue up 91% at €6.74bn, beating first-quarter earnings forecasts on continued strong demand for its chip making equipment. However, the company noted some signs of caution among customers, with some major companies delaying the timing of their demand for certain tools. Despite this, ASML kept a forecast for 25% sales growth this year, with sales of €6.5-€6.7bn in the second quarter.