On Tuesday, ASML accidentally released its third-quarter results early and provided guidance for 2025. While the company expects strong sales in 2024 as chipmakers from around the world order numerous advanced tools, its 2025 outlook is lowered due to slower results. unexpected market recovery, geopolitical uncertainty and possible additional regulations for manufacturing tool exports to China. As a result, the company’s market capitalization fell by almost $75.7 billion in just a few days.

Strong year 2024, but projects for 2025 are 5 billion euros below expectations

In the third quarter of 2024, ASML’s sales exceeded 7.5 billion euros, exceeding expectations thanks to strong sales of DUV devices and higher-than-expected installed base management sales of 1.54 billion euros. Although net bookings reached 2.6 billion euros – well below the expected 5.6 billion euros, including 1.4 billion euros from EUV systems – they fell short of forecasts, indicating market pressures. The company closed the quarter with an order backlog of over 36 billion euros.