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]

Markets have become especially accustomed to tech buybacks in recent years. According to S&P Dow Jones Indices, companies in the S&P 500 tech sector spent a whopping $253 billion on buybacks in 2024. This represents by far the highest level of buyback spending by any sector, accounting for nearly 27% of the total. Following suit with the tech sector’s buyback dominance, three huge tech names have announced large increases to their share buyback programs.Get Alphabet alerts:Together, these buyback programs e ...

Core Viewpoint - Onto Innovation (ONTO) is anticipated to report a year-over-year increase in earnings and revenues for the quarter ended March 2025, with earnings expected to be $1.47 per share, reflecting a 24.6% increase, and revenues projected at $264.96 million, up 15.8% from the previous year [1][3]. Earnings Expectations - The upcoming earnings report is scheduled for May 8, and the stock may rise if the reported figures exceed expectations, while a miss could lead to a decline [2]. - The consensus EPS estimate has been revised down by 1.07% over the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model compares the Most Accurate Estimate to the Zacks Consensus Estimate, suggesting that recent estimate revisions may provide more accurate insights into the company's earnings potential [5][6]. - A negative Earnings ESP of -1.09% indicates that analysts have become bearish on Onto Innovation's earnings prospects, compounded by a Zacks Rank of 4, making it challenging to predict an earnings beat [10][11]. Historical Performance - Onto Innovation has a history of beating consensus EPS estimates, having done so in the last four quarters, including a surprise of +8.63% in the last reported quarter [12][13]. Conclusion - Despite the historical performance of beating estimates, Onto Innovation does not currently appear to be a strong candidate for an earnings beat, and investors should consider other factors before making investment decisions [14][16].