$ASML Holding NV(ASML)$ π§π§π§π
I was down to a runner in ASML so this position looks bad but I'm not concerned.
Someone on the $ASML investor relations team is going to get a very stern email today. π π¨ ASML leaked its own earnings by accident today π
ASML HOLDING NV - DUE TO TECHNICAL ERROR, INFORMATION ON Q3 RESULTS WAS ERRONEOUSLY PUBLISHED EARLIER TODAY ON PART OF OUR WEBSITE
Getting absolutely crushed! Now down -16.47% ππππ»π»π»
Craters -15% after the semiconductor lithography provider sees bookings drop by 50%
3Q bookings EU 2.63B, est. EU 5.39B
$ASML Q3'24 Earnings Highlights:
πΉ Net Income: β¬2.08B (Est. β¬1.89B) π’
πΉ Net Sales: β¬7.47B (Est. β¬7.12B) π’; UP +20% QoQ
πΉ Net Bookings: β¬2.63B (Est. β¬5.39B) π΄; DOWN -53% QoQ
πΉ Gross Margin: 50.8%
LOWERS FY'25 Guidance:
πΉ Net Sales: β¬30B - β¬35B (Saw: β¬30B - β¬40B) π΄
πΉ Gross Margin: 51% - 53% (Saw: 54% - 56%) π΄
Q4'24 Guidance:
πΉ Net Sales: β¬8.8B - β¬9.2B (Est. β¬8.95B) π‘
πΉ Gross Margin: 49% - 50% (Est. 50.5%) π΄
πΉ FY'24 Net Sales: Around β¬28B (Est. β¬27.71B) π
CEO Christophe Fouquet's Commentary:
πΈ "It now appears the recovery is more gradual than previously expected. This is expected to continue in 2025, which is leading to customer cautiousness."
πΈ "Regarding Logic, the competitive foundry dynamics have resulted in a slower ramp of new nodes at certain customers, leading to several fab push outs and resulting changes in litho demand timing, in particular EUV."
Additional Highlights:
πΈ First Two High-NA EUV Systems: ASML plans to recognize the first two High-NA EUV systems in Q4 upon customer acceptance.
πΈ Dividend: An interim dividend of β¬1.52 per ordinary share will be made payable on November 7, 2024.
πΈ 2025 Outlook: ASML now expects 2025 net sales to be between β¬30B and β¬35B, which is the lower half of the previous guidance range provided at the 2022 Investor Day.
$ASML reduces guidance for 2025 net sales and gross margin.
Semis fell hard across the board on this report:
π΄ $ASML -14.25%
π΄ $NVDA -6.65%
π΄ $AMD -5.45%
π΄ $AVGO -4.53%
NVDA is recovering now as the Market leader.
I took the same opportunity to buy the dip and add to my positions in my dear NVDA. Of all the Semi's this is the one to keep buying the dip. They are all trying to figure out there inventories now.
π¨π°ποΈ $Dell Technologies Inc.(DELL)$ will begin shipping servers with Nvidia's $NVDA new Blackwell AI chips next month - Bloomberg
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Modify on 2024-10-16 00:21
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At least you're only down to a runner. Doesn't look good for $ASML Holding NV(ASML)$ π±
The movement of ASML Holding NV (ASML) is primarily driven by the company's third-quarter earnings report, which showed a significant drop in bookings and a downward revision of its guidance for 2025.
ASML's third-quarter bookings came in at β¬2.63 billion, a decrease of 53% compared to the previous quarter and well below the average analyst estimate of β¬5.39 billion. This disappointing performance reflects slower-than-expected recovery in the semiconductor industry and cautiousness among customers.
In addition to the weak bookings, ASML also lowered its net sales and gross margin guidance for 2025. The company now expects net sales to be between β¬30 billion and β¬35 billion, lower than the previous guidance range of β¬30 billion to β¬40 billion. The gross margin is also revised down to 51% - 53%, compared to the previous range of 54% - 56%.
These developments have had a negative impact on ASML's stock price, which has dropped by approximately 15% in response to the earnings release. The decline in ASML's stock has also affected other semiconductor companies, such as NVIDIA (NVDA), Advanced Micro Devices (AMD), and Broadcom (AVGO), which experienced significant drops as well.
It is worth noting that ASML plans to recognize the first two High-NA EUV systems in the fourth quarter upon customer acceptance, and the company will pay an interim dividend of β¬1.52 per ordinary share on November 7, 2024.
The movement in ASML's stock can also be influenced by stock capital flow. While there is no specific news or data available regarding the capital flow of ASML on the given day, it is an important factor that can contribute to stock price fluctuations.
Please note that the information provided above is for reference purposes only and does not constitute investment advice. Investing in stocks involves risks, and it is always recommended to conduct thorough research and consult with a financial advisor before making any investment decisions.
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