The View from 5th Avenue

The View from 5th Avenue – 15 October 2024

What’s left to say that ASML has already said for us. Thanks to a “technical error”, the company surprised investors with an early release of their Q3 results and they were not pretty. Q3 bookings missed estimates (Euros 2.63bn vs estimate of 5.39bn!) and the company cut its 2025 guidance. Many consider chip equipment manufacturers to be a leading indicator for the semiconductor sector and if this report is a precursor for the chip industry, investors will begin to worry about demand in the chi…

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