The world’s largest supplier of chipmaking equipment surprised markets with lower-than-expected 2025 sales forecasts.
The world’s largest supplier of equipment ASML chip manufacturing announced on Tuesday results for the third quarter that markets were surprised by weak orders and sales forecasts for 2025 lower than expected, which caused the biggest one-day drop in the company’s shares since 1998. In this context, the sharp decline dragged Nvidia which also collapsed 5.6% on this day.
The company said that despite the rise of AI-related chips, there was weakness in other parts of the semiconductor market for longer than expected, leading companies that make logic chips to delay orders and customers that make memory chips to add only one new “limited” capacity.
ASML, the largest technology company in Europea, counts Taiwanese AI chip maker TSMC as well as Intel, Samsung, Micron and SK Hynix among its major customers. Quarterly results figures were published on the company’s website a day earlier than planned due to an error.
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What the CEO of ASML said after the balance sheet
“We expect our total net sales for 2025 to grow to a range of between €30 billion and €35 billion, which is the lower half of the range we offered at our 2022 Investor Day,” Chief Executive Christophe Fouquet said in a statement. .
Stock trading was halted several times in Amsterdam and They closed with a drop of 16% to 668.10 euros.
The company’s results showed a net profit of 2.1 billion euros on sales of 7.5 billion euros ($8.2 billion), slightly higher than analyst estimates.
However, orders were 2.6 billion euros, much less than forecasts that ranged between 4 billion and 6 billion euros.
Source: Ambito
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