Tariffs uncertainty clouds outlook for ASML’s earnings

Investors will seek clarity on the risks posed by tariffs U.S. President Donald Trump plans to impose on the semiconductor industry when computer chip equipment maker ASML reports first-quarter earnings on Wednesday. Trump spared semiconductor equipment makers like ASML, from the 10% “baseline” tariffs on Sunday, as he prepares a sector-wide tariff on chips.

Net bookings, the most closely watched figure in the industry, are expected to reach 4.89 billion euros ($5.56 billion) in the first quarter of the year, according to estimates compiled by…