TechFlow news, on October 15, according to Jinshi Data, ASML, the global leading manufacturer of lithography systems, released its Q3 2024 financial results and lowered its 2025 earnings outlook, triggering investor concerns that sent its U.S.-listed shares plunging more than 10% during trading. Affected by this, the Nasdaq Composite Index fell over 1%, while shares of semiconductor leader NVIDIA dropped as much as 5.7%, marking its largest single-day decline since September 6, 2024.
According to ASML's reported financial data, the company achieved a gross margin of 50.8% in the third quarter, slightly above the market expectation of 50.7%. However, new order intake reached only 2.63 billion euros, significantly below the expected 5.39 billion euros.
ASML expects net sales for the fourth quarter of fiscal year 2024 to range between 8.8 billion and 9.2 billion euros, compared to a market forecast of 8.95 billion euros; full-year net sales guidance remains unchanged at 28 billion euros, against a market estimate of 27.71 billion euros.
For 2025, ASML forecasts net sales between 30 billion and 35 billion euros, below the market expectation of 35.94 billion euros. The company has also reduced its gross margin forecast for fiscal year 2025 to a range of 51%–53%, down from the previous projection of 54%–56%.
