From Morningstar: 2024-10-16 04:49:00

ASML shares dropped by 4% on Wednesday morning after a 16% decline as third-quarter results were revealed prematurely. Orders have slowed down, with an intake of EUR2.63 billion, below expectations. CEO Christophe Fouquet revised net sales guidance to EUR30-35 billion for 2025 due to market segment recovery delays. Litho demand has been impacted.

Morningstar analyst Javier Correonero highlighted concerns about ASML’s lower revenue guidance and weaker gross margins in the leaked third-quarter results. Order intake was weaker than expected at EUR2.6 billion, impacting revenue estimates. Despite this, ASML’s revenues for the quarter stood at EUR7.47 billion, with net income rising to EUR2.08 billion. Investors urged caution as the stock faces a pullback.



Read more at Morningstar: ASML Shares Nosedive on Guidance Cut, Lower Orders