Core Viewpoint - ASML's stock is experiencing significant sell-offs despite reporting strong second-quarter earnings, primarily due to cautious forward guidance from management [1][2][5] Financial Performance - ASML reported a net profit of 2.29 billion euros (approximately $2.66 billion) and sales of 7.7 billion euros (approximately $8.95 billion) for Q2, surpassing analyst expectations of 2.04 billion euros in profit and 7.52 billion euros in sales [4] - Year-over-year sales increased by roughly 23%, with a gross margin of 53.7% for the period [4] Future Outlook - The company anticipates annual revenue growth of approximately 15% and a gross margin of around 52% for the current year [5] - However, management expressed uncertainty about growth prospects for the next year due to macroeconomic and geopolitical risks, leading to investor concerns and subsequent stock sell-offs [5]
Why ASML Stock Is Plummeting Today