ASML Shares Plunge as Bookings Miss Signals Chipmaker Woes
- The chip gear maker’s orders missed estimates in third quarter
- ASML cut its guidance for next year on chip sector weakness
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ASML Holding NV’s shares plunged the most in 26 years after it booked only about half the orders analysts expected, a startling slowdown for one of the bellwethers of the semiconductor industry.
The Dutch company, which makes the world’s most advanced chipmaking machines, lowered its guidance for 2025 and reported bookings of €2.6 billion ($2.8 billion) in the third quarter, missing an average estimate of €5.39 billion by analysts surveyed by Bloomberg.