:max_bytes(150000):strip_icc()/GettyImages-1950315198-5bac19e6ec3e4d99ad4372d1e8930add.jpg?w=1200&resize=1200,0&ssl=1 "ASML stocks tank unexpectedly after preliminary results include weak outlook")
ASML stocks tank unexpectedly after preliminary results include weak outlook
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- ASML Holding incidentally posted its third-quarter results a day earlier than expected.
- The Dutch semiconductor-gear maker's 2025 net sales outlook was at the low end of its previous forecast range.
- Net bookings for the third quarter were lower than analysts had expected.
New York-registered shares of ASML Holdings ( ASML ) fell on Tuesday after accidentally releasing third-quarter results a day earlier than expected.
“Due to a technical error, information related to our Q3 2024 results was incorrectly published earlier today on the portion of our website at asml.com,” the company said. “For clarity, ASML has released its full Q3 2024 results up to October 15.”
The Dutch semiconductor-gear maker now expects 2025 net sales of 30 billion euros to 35 billion euros ($33.1 billion to $38.6 billion). That's in the lower half of the company's previously estimated range and below the 36.10-billion-euro consensus estimate of analysts compiled by Visible Alpha.
For the third quarter, net sales were above estimates at 7.47 billion euros, but net bookings of 2.63 billion euros were well below expectations of 5.59 billion euros.
ASML CEO warns of 'customer caution'
“While AI continues to have strong development and upside potential, other market segments are taking longer to recover. It now appears that the recovery has been slower than previously expected,” said Chief Executive Officer (CEO) Christophe Fouquet. “This is expected to continue into 2025, leading to consumer caution.”
ASML shares fell 17% intraday on Tuesday, bringing them into negative territory for the year.
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