From Financial Modeling Prep: 2024-10-15 14:54:00

ASML Holding (NASDAQ:ASML) shares plummeted over 17% after disappointing Q3 results. Earnings of €5.28 per share missed estimates, with revenue at €7.47 billion falling short. Net bookings were only €2.6 billion, well below expectations of €5.39 billion.

Q4 revenue forecasted at €8.8-€9.2 billion with gross margins of 49%-50%. FY 2024 revenue expected at €28 billion, while 2025 outlook adjusted to €30-€35 billion with gross margins of 51%-53%.

CEO Fouquet blames slow market recovery for adjusted forecasts. AI shows promise, but Logic segment lags due to delays in new node ramps impacting lithography demand and fab timelines. Memory sector growth limited, focusing on AI-driven tech transitions.



Read more at Financial Modeling Prep:: ASML Stock Plunges 17% on Q3 Earnings Miss and Low…