Chip company ASML shares plunge 16% after warning of weaker China sales in early release

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ASML published its third-quarter earnings Tuesday, a day earlier than expected.

ASML said it expects net sales for 2025 to come in between 30 billion euros and 35 billion euros , at the lower half of the range it had previously provided.

Net bookings for the September quarter were 2.6 billion euros , the company said — well below the 5.6 billion euro LSEG consensus estimate. Net sales, however, beat expectations coming in at 7.5 billion euros. ASML's extreme ultraviolet lithography machines are used by many of the world's largest chipmakers — from Nvidia to Taiwan Semiconductor Manufacturing — to produce advanced chips.

 

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