ASML Stock Tanks contain weak prospects after unexpectedly early results

Key Takeaways

• ASML Holding accidentally published its third-quarter results a day earlier than expected.

• The Dutch semiconductor components manufacturer’s 2025 net sales outlook was at the lower end of the previously forecast range.

• Net bookings in the third quarter were well below analyst expectations.

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

“Due to a technical error, information related to our third quarter 2024 results was erroneously published earlier today on a portion of our website asml.com,” the company said. “For the sake of transparency, ASML has brought forward the publication of the full results for the third quarter of 2024 to October 15.”

The Dutch semiconductor equipment manufacturer now expects net sales to reach between 30 billion and 35 billion euros ($33.1 billion to $38.6 billion) in 2025. That is within the lower half of the company’s previously forecast range and below the consensus estimate of €36.10 billion from analysts compiled by Visible Alpha.

For the third quarter, net sales exceeded expectations at EUR 7.47 billion, but net bookings of EUR 2.63 billion were well below the expected EUR 5.59 billion.

ASML CEO warns of ‘customer caution’

“While there is still strong development and upside potential in AI, other market segments are taking longer to recover. It now appears that the recovery is more gradual than previously expected,” said Chief Executive Officer (CEO) Christophe Fouquet. “This is expected to continue into 2025, leading to caution among customers.”

ASML shares fell 17% intraday on Tuesday, putting them in negative territory for the year.

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