ASML (ASML) Q3 2024 Earnings Call October 16, 2024 09:00 AM ET Speaker0Good day and thank you for standing by. Welcome to the AMML 20 24 Third Quarter Financial Results Conference Call on October 16, 2024. At this time, all participants are in a listen only mode. Please be advised that today's conference is being recorded. I would now like to hand the conference call over to Mr.Skip Miller. Please go ahead.Speaker1Thank you, operator. Welcome everyone. This is Skip Miller, Vice President of Investor Relatio ...

Shares of Nvidia fell 5% as global chipmakers lost $420 billion in market cap on Tuesday. (Photo via ... [+] Smith Collection/Gado/Getty Images).GettyKey Takeaways Chip Stocks Dropped Significantly Due To ASML's Slower Recovery Warning Nuclear Energy Stocks Rallied, Driven By AI's Growing Energy Needs Morgan Stanley Outperformed, While Banking Sector Faces Interest Income ChallengesStocks fell on Tuesday led by a $420 billion drop in the global chip stocks. The S&P 500 fell by 0.8%. The Nasdaq Composite dro ...

ASML Holdings (NASDAQ: ASML), the Dutch semiconductor equipment giant, experienced a dramatic stock price crash on Tuesday, falling by 16% in one of its steepest declines in 20 years.This sharp drop, which erased over $55 billion from its market value, occurred after the company accidentally published its third-quarter financial results a day early. The results revealed a disappointing outlook for 2025, with significantly lower-than-expected new orders, sending shockwaves across the semiconductor sector. AS ...

Company Performance - ASML's third-quarter net sales reached 7.5 billion euros, beating expectations, but net bookings were only 2.6 billion euros, significantly below the 5.6 billion euro consensus estimate [2] - ASML shares plunged as much as 16% on Tuesday, causing the company to lose over $50 billion in market capitalization in a single day [2] 2025 Outlook - ASML expects net sales for 2025 to be between 30 billion euros and 35 billion euros, which is at the lower half of the previously guided range [1] - The company's CFO, Roger Dassen, expects the China business to show a "more normalized percentage" in the order book and business [2] - UBS analysts noted that the change in ASML's 2025 guidance is mainly related to delays in the development of new logic fabrication facilities from Intel and Samsung, implying a 25% to 30% decline in sales to China in 2025 [2] Geopolitical Impact - ASML provided the first glimpse into how U.S. restrictions on exports of its advanced chip manufacturing tools to China will impact its sales in the Asian country [1] - Geopolitical tensions are putting pressure on ASML's 2025 outlook, particularly affecting its China business [2] Industry Context - ASML is a critical part of the global chip supply chain, with its extreme ultraviolet lithography machines used by major chipmakers like Nvidia and Taiwan Semiconductor Manufacturing to produce advanced chips [1]

The darling niche of the technology sector today is found in the semiconductor and chip-making industry, where most of the interest—and capital—has been focused since 2023. Pushed by secular tailwinds from artificial intelligence and other advancements, markets have somewhat priced in all potential future growth in these stocks, creating some risk in the coming quarters.ASML TodayASMLASML$730.43 -141.84 (-16.26%) 52-Week Range$573.86▼$1,110.09Dividend Yield0.76%P/E Ratio39.42Price Target$1,071.80Add to Watc ...

ASML provides crucial equipment for semiconductor manufacturing, but its recent earnings should not scare off investors.In today's video, I discuss ASML Holdings (ASML -16.26%) and what its latest earnings mean for the semiconductor market. To learn more, check out the short video, consider subscribing, and click the special offer link below.*Stock prices used were the after-market prices of Oct. 15, 2024. The video was published on Oct. 15, 2024. ...

Dutch chip-equipment maker ASML Holdings N.V.’s ASML smaller-than-expected bookings for the third quarter and guidance cut sent shares of companies with exposure to artificial intelligence lower on Tuesday.Overreaction: ASML guiding 2025 revenue led to an overreaction by the broader AI hardware sector, which fell 4.5% on Tuesday compared to Nasdaq’s 1.2% fall, said Deepwater Asset Management’s Gene Munster.Only about 10% of ASML’s revenue could be attributable to AI demand, the tech venture capitalist said. ...

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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 ...