ASML Holdings and Other Big Stocks Moving Lower in Wednesday's Pre-Market Session

ASML Holding N.V. shares fell 8.3% to $754.34 in pre-market trading after the company released second-quarter results. The company posted $8.9 billion in sales, ahead of consensus estimates, but warned that its growth outlook for 2026 is under a cloud due to rising macroeconomic uncertainties and escalating trade tensions. Other stocks moving lower in pre-market trading include Destiny Tech100 Inc, Kingsoft Cloud Holdings Limited, Smart Digital Group Limited, Pitanium Limited, A2Z Cust2Mate Solutions Corp, Baidu, Inc, Candel Therapeutics, Inc, and J B Hunt Transport Services Inc.

ASML Holding N.V. (ASML) shares experienced a significant drop of 8.3% in pre-market trading on July 2, 2025, after the company released its second-quarter financial results. The stock, which had been trading at $855.10, fell to $754.34, a notable decline for the semiconductor equipment manufacturer.

The company reported a strong second-quarter performance, with total net sales of €7.7 billion, surpassing market expectations. However, ASML's cautious outlook for 2026 due to rising macroeconomic uncertainties and escalating trade tensions weighed heavily on investor sentiment. The company's net profit for the quarter was €2.3 billion, a figure that was also ahead of consensus estimates.

ASML's CEO noted that the company's AI customers' fundamentals remain strong, but the uncertainty driven by macroeconomic and geopolitical developments makes it difficult to confirm growth for 2026. The company expects third-quarter total net sales to be between €7.4 billion and €7.9 billion, with a gross margin between 50% and 52%.

Despite the strong Q2 performance, the market reacted negatively to the company's outlook for the upcoming year. The stock price drop comes as other companies, such as Destiny Tech100 Inc, Kingsoft Cloud Holdings Limited, Smart Digital Group Limited, Pitanium Limited, A2Z Cust2Mate Solutions Corp, Baidu, Inc, Candel Therapeutics, Inc, and J B Hunt Transport Services Inc, also saw pre-market declines.

Investors should closely monitor ASML's earnings releases and guidance updates to gauge the impact of geopolitical and economic uncertainties on the company's growth prospects. The company's strong financial position, as indicated by its price-to-earnings ratio of 31.92 and debt-to-equity ratio of 0.21, may provide some reassurance, but the market's focus will remain on the company's ability to navigate the challenging macroeconomic environment.

References:
[1] https://www.investing.com/equities/asml-holding
[2] https://www.ainvest.com/news/asml-holding-downgraded-hold-rating-dz-bank-ag-analyst-2507/
[3] https://www.asml.com/en/news/press-releases/2025/q2-2025-financial-results