Asian chip stocks fell on Wednesday after Dutch semiconductor equipment maker ASML posted disappointing sales forecasts, driving down global stocks in the sector.Shares of Japanese semiconductor manufacturing firm Tokyo Electron logged the biggest loses, dropping nearly 10%. Renesas Electronics fell over 3%, and Advantest, a testing equipment supplier dipped 0.8%.Taiwan Semiconductor Manufacturing Company and Hon Hai Precision Industry — known internationally as Foxconn — fell as much as 3.3% and 1.6, respe ...

ASML Holding N.V. (NASDAQ: ASML ) is crashing in Tuesday trading as Bloomberg reported on the company's accidental premature release of earnings results. These were expected after the close on Wednesday (tomorrow), but seem to have been posted on theTo follow me click the "Follow" button! (Easy right?) Hi there, thanks for coming to my profile page! My name is Kumquat Research (but you can call me Jeremy) and I've been writing for Seeking Alpha on and off for going on ten years now, beginning with my inaugu ...

Key TakeawaysThe S&P 500 fell 0.8% on Tuesday, Oct. 15, 2024, as semiconductor stocks tumbled, weighing on the index. Shares of semiconductor equipment makers KLA, Applied Materials, and Lam Research led losses after weak results from peer ASML, reports of potential U.S. export restrictions, and price target cuts by Raymond James analysts.Walgreens shares surged as the pharmacy giant beat quarterly estimates and laid out a plan to turn around its business. Major U.S. equities indexes moved lower Tuesday as ...

More than 15 years of professional investment experience in global equities across all sectors. My investment style is fundamental, bottom-up, long-term, and quality growth-oriented. I am seeking companies specializing in niche markets, with strong growth potential, a solid management team, a sound capital allocation policy, and, most importantly, reasonable valuation. I do not chase quarterly results, nor do I follow the herd mentality. I do not use short-term stock performance as the measure of a company' ...

Financial Performance - Q3 2024 total net sales of €7.5 billion, gross margin of 50.8%, and net income of €2.1 billion[1] - Q3 2024 gross profit of €3.8 billion, slightly down from Q2 2024 gross margin of 51.5% to 50.8%[2] - Q3 2024 EPS (basic) increased to €5.28 from €4.01 in Q2 2024[2] - Revenue growth in the September quarter reached $96.77 billion, driven by strong iPhone sales in China[110] - Revenue growth in the latest quarter was 11.1% year-over-year, reaching $1.1 billion[15] - Revenue growth for the quarter was reported at 12.5% year-over-year, reaching $1.2 billion[20] - Revenue increased by 15% year-over-year to $12.3 billion, driven by strong performance in the North American market[22] - Revenue for the quarter reached $1.2 billion, representing a 15% year-over-year growth[39] - Revenue increased by 15% year-over-year to $12.3 billion[48] - Net income rose by 20% to $250 million, driven by higher sales and improved efficiency[18] - Net income rose by 20% to $2.8 billion, driven by strong performance in key markets[48] Sales and Bookings - Q3 2024 net bookings of €2.6 billion, including €1.4 billion from EUV[1] - Q3 2024 new lithography systems sold increased to 106 units from 89 units in Q2 2024[2] - Revenue growth in the September quarter reached $96.77 billion, driven by strong iPhone sales in China[110] - The company reported a 10% increase in user base, reaching 1.5 billion active users globally[12] - User base increased by 10.5% to 50 million active users[15] - User base increased by 8% to 50 million active users, driven by market expansion in Asia[20] - User base grew by 8% to 250 million active users, with significant growth in emerging markets[22] - User base increased to 50 million, up 10% from the previous quarter[39] - User base grew by 10% to 150 million active users, with significant growth in emerging markets[48] Future Projections and Guidance - Q4 2024 total net sales expected between €8.8 billion and €9.2 billion, with a gross margin between 49% and 50%[1] - Full-year 2024 total net sales expected to be around €28 billion[1] - 2025 total net sales expected to be between €30 billion and €35 billion, with a gross margin between 51% and 53%[1] - The company provided Q4 revenue guidance of $105 billion to $110 billion, reflecting a 7-10% year-over-year growth[13] - The company provided Q1 2024 revenue guidance of $1.2 billion, representing a 12% year-over-year growth[19] - Guidance for the next quarter projects revenue between $1.3 billion and $1.35 billion, representing a 10-12% growth[20] - The company provided Q4 revenue guidance of $13.5 billion to $14 billion, representing a 10-12% year-over-year growth[22] - The company expects Q4 revenue to be between $1.3 billion and $1.4 billion, reflecting a 12-15% growth projection[39] - The company issued a positive Q4 revenue guidance of $13.5 billion, reflecting a 12% increase year-over-year[48] Research and Development (R&D) - Q4 2024 R&D costs expected to be around €1.1 billion and SG&A costs around €300 million[4] - R&D investment increased by 15% year-over-year, totaling $2.5 billion, focusing on AI and cloud technologies[11] - R&D investment for new technologies increased by 15% to $200 million[17] - The company plans to invest $200 million in new technology R&D, focusing on AI and cloud computing[20] - R&D spending increased by 20% to $1.2 billion, focusing on next-generation technologies[22] - New product development investment increased by 20% to $200 million, focusing on AI and cloud technologies[39] - The company plans to invest $1.5 billion in new technology R&D over the next fiscal year[48] Market Expansion and Acquisitions - The company plans to expand into three new markets in Southeast Asia, targeting a 20% market share within two years[13] - The company plans to expand into three new international markets in the next fiscal year[16] - The company announced a strategic acquisition of a smaller competitor for $150 million to expand its market share in Europe[20] - Market expansion into Southeast Asia is underway, with a projected investment of $200 million over the next two years[22] - Market expansion into Southeast Asia is planned, with an initial investment of $50 million[39] - Market expansion into Southeast Asia is expected to contribute an additional $500 million in revenue[48] - The company completed two strategic acquisitions, totaling $3.8 billion, to enhance its AI capabilities[14] - The company completed a strategic acquisition for $500 million, expected to enhance market share by 5%[16] - The company completed the acquisition of a key competitor for $1.5 billion, enhancing its market share in the cloud services sector[22] - The company completed the acquisition of a competitor for $300 million, expected to contribute $100 million in annual revenue[39] - The company completed a $2 billion acquisition of a competitor, enhancing its market share[48] Product Launches and Innovations - A new product line is expected to launch in Q1 2024, with projected revenue of $1.2 billion in the first year[12] - The company announced a new product launch scheduled for Q2 2024, expected to contribute $150 million in revenue[19] - New product launches are expected to contribute $300 million in revenue over the next fiscal year[20] - The company plans to launch a new AI-powered product line in Q4, expected to contribute $500 million in revenue annually[22] - The company plans to launch a new AI-powered platform in Q1 2024, targeting a 20% increase in user engagement[39] - A new product line is set to launch in Q4, projected to generate $300 million in initial sales[48] Operational Efficiency and Margins - Operating margin improved to 25%, up from 22% in the previous quarter[14] - Gross margin improved to 45.2%, up from 42.8% in the previous quarter[18] - Operating expenses decreased by 8% to $300 million due to cost optimization efforts[15] - Operating margin improved to 22.3%, up from 19.8% in the previous quarter[20] - Operating margin improved to 25%, up from 22% in the previous quarter, due to cost optimization efforts[22] - Operating margin improved to 25%, up from 22% in the previous quarter[39] - Operating margin improved to 25%, up from 22% in the previous quarter[48] Dividends and Share Buybacks - Interim dividend of €1.52 per ordinary share payable on November 7, 2024[5] - The company announced a new $2 billion share buyback program, reflecting confidence in future growth[22] Cash Flow and Capital Expenditures - Free cash flow for the quarter stood at $8.9 billion, a 12% increase compared to the same period last year[11] - Capital expenditures for the quarter were $120 million, primarily allocated to infrastructure and data centers[20] - Capital expenditures for the year are projected to be $500 million, primarily for infrastructure and technology upgrades[39] Customer Metrics - Customer retention rate improved to 92%, up from 89% in the previous quarter[12] - The company reported a 15% increase in subscription revenue, reaching $450 million[20] - The company highlighted a 20% reduction in customer acquisition costs due to improved marketing efficiency[20] - Strategic partnerships with major tech firms are expected to drive an additional $300 million in revenue by 2024[22] - Strategic partnerships are expected to drive a 15% increase in B2B sales[48]

Transcript Video interview with ASML CFO Roger Dassen Q3 2024 results Q3 results Can you give us a summary of the third-quarter 2024? Total net sales for the quarter came in at €7.5 billion, which is above guidance. A couple of reasons for that. First off, we had stronger DUV sales, but also the Installed Base Management business was higher than expected at €1.54 billion. Gross margin for the quarter came in at 50.8% which is within guidance. Net income at €2.1 billion. Net bookings came in at €2.6 billion, ...

Key TakeawaysNvidia and other chip stocks lost ground Tuesday, weighed down by a report that the Biden administration is considering caps on exports to certain nations.Bloomberg said the focus was on Persian Gulf countries that have growing interest in AI and the means to purchase the technology.Also weighing on the sector was a warning from chipmaker equipment company ASML Holding about non-AI demand. Nvidia (NVDA) shares fell from yesterday's all-time closing high, and shares of other chipmakers declined, ...

Earnings and Financial Performance - ASML Holding accidentally released its third-quarter results a day earlier than expected, causing a significant drop in its New York Registry Shares [1] - Third-quarter net sales were 7.47 billion euros, exceeding estimates, but net bookings of 2.63 billion euros fell well short of the expected 5.59 billion euros [2] - The company's 2025 net sales outlook is now projected to be between 30 billion euros and 35 billion euros, which is at the lower end of its previously forecast range and below the analyst consensus estimate of 36.10 billion euros [1] Market and Industry Trends - ASML's CEO highlighted that while there is strong development and upside potential in AI, other market segments are recovering more slowly than expected, leading to customer cautiousness [3] - The slower-than-expected recovery is anticipated to continue into 2025, impacting the company's performance [3] Stock Performance - ASML shares experienced a 17% intraday drop on Tuesday, pushing the stock into negative territory for the year [3]

The chip equipment specialist offered a weak forecast for 2025.Shares of ASML (ASML -16.47%) were tumbling today after the leading producer of lithography equipment for semiconductors accidentally published its earnings results ahead of schedule this morning, and disappointed the market with the news.As a result, the stock was down 16.4% as of 12:01 p.m. ET. ASML dials back its 2025 forecastASML delivered solid results in the third quarter with revenue of 7.47 billion euros, which was equal to $8.14 billion ...

STATEMENT RELATING TO EARLY PUBLICATION OF OUR Q3 2024 RESULTS Due to a technical error, information relating to our Q3 2024 results was erroneously published earlier today on part of our website asml.com. For transparency, ASML brought forward publication of its full Q3 2024 results to October 15th. All Q3 2024 content is available on our website at www.asml.com/en/investors ...