ASML lowers sales forecast due to semiconductor market weakness, shares drop 16%

From Investing.com: 2024-10-15 13:55:50

ASML forecasts lower 2025 sales and bookings due to sustained semiconductor market weakness, causing shares to drop 16%. Despite AI chip demand, logic and memory chip segments are struggling. Quarterly earnings show net profit of 2.1 billion euros on 7.5 billion euros in sales, but bookings fall short at 2.6 billion euros. Analysts surprised by reduced 2025 expectations after Intel’s spending cuts and memory chip price decline. ASML’s sales to China hit record high at 2.79 billion euros.



Read more at Investing.com: ASML cuts sales forecasts in Q3 earnings published early; shares plummet By Reuters