The ASML icon is displayed on a smartphone with the ASML chip visible in the background.
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Semiconductor equipment maker shares ASML Shares fell more than 15% on Tuesday after the Dutch company reported results a day early.
The move sent other chip stocks lower, including NVIDIA, AMD and Broadcom All fell at least 4%.
ASML said it expected net sales in 2025 to be between 30 billion euros ($32.72 billion) and 35 billion euros, in the lower half of the range it had previously provided.
The company said net bookings for the September quarter were 2.6 billion euros ($2.83 billion), well below LSEG’s consensus estimate of 5.6 billion euros.
The company’s CEO Christophe Fouquet said in the financial report: “While the field of artificial intelligence continues to develop strongly and has upside potential, other market segments will take longer to recover. It now appears that the recovery is more gradual than previously expected.
This is a breaking news story and will be updated soon.
