ASML Holding Reports 1Q Bookings Miss, 2Q Guidance Falls Short

ASML Holding NV ASML Wednesday reported first-quarter bookings short of consensus and announced second-quarter sales below expectations.

The ASML Holding Analyst: Bank of America Securities analyst Didier Scemama maintained a Buy rating and price target of €859 ($977.28).

The ASML Holding Thesis: Scemama said in the note that the company's bookings were 19% below consensus estimates.

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ASML Holding reported a sequential decline in quarterly revenues, which missed consensus by 0.3%, he added.

Management guided to second-quarter sales 4.1% below expectations, with gross margins of 51.5%, below consensus of 52.3%, the analyst stated.

The midpoint of the 2025 guidance reflects that EUV (extreme ultraviolet) remains fully booked and DUV (deep ultraviolet) is now booked for around 90% of the full-year projection, Scemama said.

"ASML expects 2026 to be a growth year, solidifying our confidence in growth driven by AI," he further wrote.

ASML Price Action: Shares of ASML Holding had declined by 5.18% to $647.75 at the time of publication on Wednesday.

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