From Morningstar: 2024-10-15 20:49:00

Shares in ASML dropped by 4% following a 16% decline, revealing weak third-quarter results with a slowdown in orders and reduced 2025 sales guidance. Morningstar analyst Javier Correonero noted a decline in order intake to EUR 2.63 billion from EUR 5.57 billion in the previous quarter, impacting the company’s long-term guidance.

ASML’s CEO, Christophe Fouquet, mentioned a more gradual recovery in certain market segments, leading to customer cautiousness. The company now expects a slower recovery in 2025 due to the sluggish development in some areas, despite strong AI developments. ASML’s fair value estimate was cut to EUR 850 due to the weaker guidance reported.

Morningstar analyst Javier Correonero highlighted ASML’s third-quarter weakness, noting a decline in shares after the firm accidentally released results early. This resulted in a lowered revenue guidance for 2025, falling below previously set targets. Intel’s delays and issues in production are also contributing to ASML’s revised forecasts, warranting a fair value estimate decrease to EUR 850 per share.



Read more at Morningstar: ASML Stock Slumps on Weaker Guidance, Chipmaker Selloff