ASML’s stock falls after Q3 bookings miss estimates (update)

ASML (NASDAQ:ASML) stock tumbled 14% on Tuesday after Bloomberg News reported the company’s third-quarter bookings missed estimates.

The Dutch company — which makes extreme ultraviolet lithography machines — is slated to release its third-quarter results on Wednesday. The results appear to have been mistakenly pre-published on the ASML’s investor relations website.

Seeking Alpha contacted ASML, but has not yet received a response.

ASML’s third quarter bookings fell 53% quarter-over-quarter to €2.63B, compared to Bloomberg consensus estimate of €5.39B, the report added, citing numbers published on the company’s website ahead of its release.

The company’s net sales grew 20% quarter-over-quarter to €7.47B, beating estimates of €7.17B. Meanwhile, net income jumped +32% quarter-over-quarter to €2.08B, surpassing estimates of €1.91B, according to the report.

Outlook:

ASML expects fourth-quarter net sales to be between €8.8B and €9.2B, with a midpoint of €9B slightly above the €8.95B estimate.

The company sees gross margin in the range of 49% to 50%, estimate is 50.5%.

For the full year, ASML expects net sales of €28B, versus estimates of €27.71B.

For the year 2025, ASML lowered the net sales forecast of €30B to €35B (mid-point of €32.5B), previously the company expected about €30B to €40B, (estimate of €35.94B)

The company expects gross margin of 51% to 53%, previously expected about 54% to 56% (estimate 53.9%).

Impact

Other semiconductor stocks slumped on the back of the released data, including Nvidia (NVDA), AMD (AMD), Broadcom (AVGO), Taiwan Semiconductor (TSM), and Intel (INTC), all of which fell 2% or more.