ASML Stock Plummets in 2025 After Early Q3 Results Reveal Weak 2025 Outlook and Lower Sales Forecast
ASML's early release of Q3 2025 results shocked investors, showing a cautious 2025 sales forecast and disappointing net bookings, causing stock prices to drop sharply.
Essential Insights
- ASML Holding inadvertently published its Q3 2024 financial results a day ahead of schedule.
- The Dutch semiconductor equipment leader revised its 2025 net sales forecast to the lower end of prior projections.
- Q3 net bookings significantly missed analyst expectations, signaling customer caution.
Shares of ASML Holding (ASML) on the New York Stock Exchange plunged sharply on Tuesday following the company's accidental early disclosure of its third-quarter 2024 financial results.
"Due to a technical glitch, our Q3 2024 results were mistakenly posted prematurely on asml.com," the company explained. "To maintain transparency, ASML officially advanced the release of its full Q3 2024 earnings report to October 15th."
ASML now anticipates its 2025 net sales will range between €30 billion and €35 billion ($33.1 billion to $38.6 billion), marking the lower half of its previously forecasted spectrum and falling short of the €36.10 billion consensus estimate from analysts compiled by Visible Alpha.
While Q3 net sales surpassed expectations at €7.47 billion, net bookings came in at €2.63 billion, significantly below the anticipated €5.59 billion, reflecting subdued demand.
ASML CEO Highlights Customer Hesitancy Amid Market Challenges
Chief Executive Officer Christophe Fouquet remarked, "Although AI continues to drive strong growth and potential, other sectors are recovering more slowly than expected. The pace of recovery appears more gradual, and this trend is likely to persist into 2025, contributing to increased customer caution."
Following the announcement, ASML's stock tumbled 17% during intraday trading, pushing its year-to-date performance into negative territory.
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