Shares of ASML Holding (ASML, Financial) fell sharply by 17% after the company accidentally reported its third-quarter results early on Tuesday.

The Dutch semiconductor equipment maker, which plays a crucial role in the global chip production supply chain, released details of its financial performance a day in advance, sparking a strong market reaction. Importantly for lithography systems, which are part of the semiconductor manufacturing infrastructure, its net sales forecast for 2025 has increased to 40 billion euros (US$44.3 billion) from the previous range of 35 billion euros (US$38.6 billion). 33.1 billion US dollars) decreased to 35 billion euros (38.6 billion US dollars). This forecast is at the lower end of previous estimates and below the analyst estimate of EUR 36.10 billion prepared by Visible Alpha. In the same period, net sales rose again surprisingly to 7.47 billion euros.

Nevertheless, net bookings were 2.63 billion euros below the expected 5.59 billion euros, indicating a slowdown in market occupancy. Currently, ASML CEO Christophe Fouquet pointed out that warning signs from customers include a slow market recovery in some segments as well as impressive advances in artificial intelligence technology. Fouquet insists that the current rate of recovery is slower than initially forecast and that the outlook will last until 2025. Such a cautious approach and concrete earnings revelations led to unrest among chipmakers, including Nvidia (NVDA, Financial). ) and Intel (INTC, Financial) led to a general market decline, with the Dow Jones falling 300 points.

This article first appeared on GuruFocus.