ASML (ASML, Financial), a leading player in the semiconductor industry, saw its stock price fall over 4% to $698.29 in pre-market trading. This decline follows a 16.26% drop, marking the worst single-day performance since 1998 and a new low in over a month.
The downturn comes after ASML reported third-quarter order values of €2.63 billion, significantly below market expectations of €5.39 billion. For the fourth quarter, ASML projects net sales between €8.8 billion and €9.2 billion, aligning with market forecasts of €8.95 billion. Despite the shortfall in quarterly orders, the annual net sales projection is slightly above market expectations at €28 billion, compared to the anticipated €27.71 billion. Looking ahead to 2025, ASML anticipates net sales between €30 billion and €35 billion, which is below market estimates of €35.94 billion.
