ASML Holding NV reported orders for the first quarter that were far lower than expected and warned that it doesn’t know how to quantify the impact from recent tariff announcements, which are threatening to upend the semiconductor industry.

The Dutch company, which counts Taiwan Semiconductor Manufacturing Co. and Intel Corp. among its biggest customers, reported bookings of €3.94 billion ($4.47 billion). Analysts on average expected €4.82 billion, according to data compiled by Bloomberg.