ASML to Cut 1,700 Jobs to Streamline Operations Amid Record Q4 Bookings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Job Cuts Announcement: ASML plans to reduce approximately 1,700 jobs, representing 4% of its workforce, primarily in the Netherlands and the U.S. technology and IT sectors, aimed at streamlining operations for enhanced efficiency.
- Management Impact: The layoffs will predominantly affect management and leadership roles, highlighting the company's complexity in coordination, as CFO Roger Dassen emphasized the need for engineers to focus on their core technical work.
- Record Q4 Performance: ASML reported record Q4 bookings of €13.2 billion, significantly exceeding the average analyst estimate of €6.85 billion, underscoring strong market demand and the company's leadership position in the semiconductor industry.
- Positive Outlook: The company expects total net sales for 2026 to range between €34 billion and €39 billion, surpassing previous guidance, indicating confidence in future growth and the potential of the market.
Analyst Views on ASML
Wall Street analysts forecast ASML stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ASML is 1344 USD with a low forecast of 1140 USD and a high forecast of 1500 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
6 Buy
1 Hold
0 Sell
Strong Buy
Current: 1413.350
Low
1140
Averages
1344
High
1500
Current: 1413.350
Low
1140
Averages
1344
High
1500
About ASML
ASML Holding N.V. is a holding company based in the Netherlands. The Company operates through its subsidiaries in the Netherlands, the United States, Italy, France, Germany, the United Kingdom, Ireland, Belgium, South Korea, Taiwan, Singapore, China, Hong Kong, Japan, Malaysia and Israel. The Company operates through one business segment which is engage in development, production, marketing, sales, upgrading and servicing of advanced semiconductor equipment systems, consisting of lithography, metrology and inspection systems. The Company offers TWINSCAN systems, equipped with lithography system with a mercury lamp as light source (i-line), Krypton Fluoride (KrF) and Argon Fluoride (ArF) light sources for processing wafers for manufacturing environments for which imaging at a small resolution is required. TWINSCAN systems also include immersion lithography systems (TWINSCAN immersion systems).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
