ASML Should Grow Significantly in 2025 Despite Weak Orders

ASML Holding posted orders and sales below expectations for the first quarter, but the Dutch semiconductor-equipment maker should benefit from a stronger second half and looks set to grow strongly next year, Bernstein analysts write in a note to investors. “We don’t see any change to the fundamental investment case for ASML,” the analysts say. First-quarter orders slipped to EUR3.61 billion from EUR3.75 billion a year earlier against a Visible Alpha forecast of nearly EUR5.10 billion. The analysts say they would view any pullback in the share price that might result from lower orders as a buying opportunity for investors.

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