Are you interested in the latest updates on ASML Holding? Well, you’re in the right place. ASML Holding, a Dutch semiconductor-gear manufacturer, experienced a rocky start as it accidentally released its third-quarter results a day earlier than expected. The company quickly responded by bringing forward the publication of its full Q3 2024 results to October 15th after a technical error caused information to be posted prematurely on its website.
The most significant piece of information from the released results was ASML’s 2025 net sales outlook. The company now anticipates net sales between 30 billion euros and 35 billion euros ($33.1 billion to $38.6 billion) for 2025. This range falls at the lower end of ASML’s previously projected range and below the 36.10-billion-euro consensus estimate of analysts. Additionally, while net sales for the third quarter were above estimates at 7.47 billion euros, net bookings were significantly below expectations at 2.63 billion euros compared to the anticipated 5.59 billion euros.
ASML’s CEO, Christophe Fouquet, shared insights on the company’s performance, highlighting that while there are positive developments in artificial intelligence (AI), other market segments are taking longer to recover. He also mentioned that the recovery process seems to be slower than originally anticipated, leading to customer cautiousness in 2025.
Following the release of the results, ASML shares plummeted by 17% intraday, pushing them into negative territory for the year. This unexpected turn of events has drawn attention from investors and analysts alike, prompting discussions about the company’s future prospects.
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