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ASML Stock Tanks After Its Unexpectedly Early Results Include Weak Outlook

A logo on the exterior of the ASML Holding NV headquarters in Veldhoven, Netherlands, on Jan. 24, 2024

Peter Boer / Bloomberg via Getty Images

Key Takeaways

  • ASML Holding accidentally posted its third-quarter results a day earlier than expected.
  • The Dutch semiconductor-gear manufacturer's 2025 net sales outlook was on the low end of its previously forecast range.
  • Third-quarter net bookings were well below analyst expectations.

New York Registry Shares of ASML Holding (ASML) plunged Tuesday after the company accidentally released its third-quarter results a day earlier than expected.

"Due to a technical error, information relating to our Q3 2024 results was erroneously published earlier today on part of our website asml.com," the company said. "For transparency, ASML brought forward publication of its full Q3 2024 results to October 15th."

The Dutch 澳洲幸运5官方开奖结果体彩网:semiconductor-gear manufacturer now expects 2025 net sales to land between 30 billion euros and 35 billion euros ($33.1 billion to $38.6 billion). That's within the lower half o𒀰f the comp🐬any's previously projected range and below the 36.10-billion-euro consensus estimate of analysts compiled by Visible Alpha. 

For the third quarter, net sales were above est𒉰imates at 7.47 billion euros, but net bookings of 2.ꦬ63 billion euros fell well short of the expected 5.59 billion euros.

ASML CEO Warns of 'Customer Cautiousness'

"While there continue to be strong developments and upside potential in AI, other market segments are taking longer to recover. It now appears the recovery is more gradual than previously expected," 澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) Christophe Fouquet said. "This is expected to continue in 2025, which is le🌳ading to customer cautiousness."

ASML shares tumbled 17% intꦅraday Tuesday, bringing them into negative territory fo♔r the year.

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