Reported about 19 hours ago
ASML Holding NV's shares saw a dramatic drop after the company reported only €2.6 billion in orders for the third quarter, far below analysts' expectations of €5.39 billion. This substantial shortfall has led ASML to downgrade its guidance for 2025, predicting net sales between €30 billion and €35 billion. The semiconductor industry currently faces uneven demand, with companies like Nvidia thriving in AI sectors while others, notably in automotive and industrial, experience order cuts due to excess inventory. The company continues to navigate challenges, including potential restrictions in its largest market, China.
Source: YAHOO