“We expect our 2025 total net sales to grow to a range between 30-35 billion euros, which is the lower half of the range we provided at our 2022 investor day,” Chief Executive Christophe Fouquet said in a statement.
The company’s earnings showed a net profit of 2.1 billion euros on sales of 7.5 billion euros, slightly ahead of analysts’ estimates.
However, the company’s bookings came in at 2.6 billion euros, well below estimates of between 4 billion euros and 6 billion euros.
ASML said that while demand for AI-related chips was strong, other market segments were “taking longer to recover.”
“This is expected to continue into 2025, leading to consumer caution.”
A company spokesperson said it is working on a full explanation and initial release of the results. ($1 = 0.9172 euros)
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