ASML Orders Miss as Chip Industry Weakness Weighs on Demand
ASML reported bookings for the third quarter that missed the average analyst estimate. The company lowered its net sales and gross margin guidance for 2025.THIRD QUARTER RESULTSBookings EU2.63 billion, -53% q/q, estimate EU5.39 billion Net sales EU7.47 billion, +20% q/q, estimate EU7.17 billionGross margin 50.8% vs. 51.5% q/q, estimate 50.7%Cash and other EU4.99 billion, -0.7% g/q, estimate EU4.86 billion