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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 21 sec. here
  • 15 min. at publisher
  • 📊 Quality Score:
  • News: 57%
  • Publisher: 72%

Breaking News: Europe News

Broadcom Inc,Advanced Micro Devices Inc,NVIDIA Corp

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA

Canada Canada Latest News, Canada Canada Headlines