ASML Holding N.V. reported its third-quarter 2024 earnings, revealing net sales of 7.5 billion euros, which surpassed expectations. However, net bookings for the quarter came in at 2.6 billion euros, significantly below the LSEG consensus estimate of 5.6 billion euros.
The company also revised its full-year 2025 net sales forecast to between 30 billion euros and 35 billion euros, placing it at the lower half of its previously provided guidance. This revised outlook was accompanied by an expected gross margin of between 51% and 53%.
ASML's Chief Financial Officer, Roger Dassen, indicated that sales to China are anticipated to drop next year, projecting their contribution to total revenue to be around 20% in 2025, down from 49% in the second quarter of 2024. This reduction is attributed to U.S. export restrictions and weakness in markets other than AI, alongside delayed orders from some customers.
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