From Morningstar: 2024-10-16 12:00:00

ASML shares dropped 15% due to lower-than-expected new orders and a weaker revenue forecast for 2025. Orders fell to €2.6 billion in the third quarter from €5.6 billion in the second quarter. Morningstar analyst slashes fair value estimate for ASML shares from €900 to €850 after the results.

ASML’s third-quarter results were accidentally published early, leading to a 14% drop in share prices. Revenue forecast for 2025 revised down to EUR 30 billion to EUR 35 billion with weaker gross margins. Intel’s delays impacting ASML’s outlook, pushing Morningstar to cut fair value estimate to EUR 850 from EUR 900 per share.



Read more at Morningstar: ASML Stock Slumps on Weaker Guidance, Lower Orders