Bookings And GuidanceASML reported bookings of just EUR 2.6B, down from 5.6B in Q2, resulting in a backlog decrease to EUR 36B from 39B.
Earnings And Revenue OutlookPost the Q3 earnings call, EPS estimates for 2025 are reduced by 22% due to lower EUV shipments and a larger than previously expected decline in China demand.
Market Dynamics And Geopolitical RisksA sharp decline in China revenues is expected, with ASML anticipating China to decline to 20% of sales next year, implying a 48% revenue decline year over year.