The 15-minute chart for Northpointe has triggered several bearish indicators, including a MACD Death Cross, KDJ Death Cross, and a Bearish Marubozu at 10:00 AM on October 15, 2025. This suggests that the stock price may continue to decline, with a shift in momentum towards the downside. Sellers are likely to maintain control of the market, and there is a strong possibility that the bearish momentum will persist.
ASML Holding N.V., a leading supplier of semiconductor manufacturing equipment, released its Q3 2025 earnings report on October 15, 2025. The company's financial performance was mixed, with strong bookings and revenue growth offset by concerns over margin pressure and declining demand from China. Here's a detailed analysis of ASML's Q3 results and what they mean for investors.
Key Metrics:
- Total Net Sales: €7,516 million (+0.2% YoY)
- Gross Margin: 51.6% (+0.8 pp)
- Net Income: €2,125 million (+2.3% YoY)
- Net Bookings: €5,399 million (+105%)
What Worked for ASML:
ASML's Q3 results were driven by strong demand for its extreme ultraviolet (EUV) systems, with €3.6 billion of the €5.4 billion bookings coming from this segment. The book-to-bill ratio remained healthy, indicating sustained demand for ASML's high-end tools despite macroeconomic uncertainty. The company also recognized its first revenue from the new High-NA EUV system, signaling progress in its technological advancements. ASML reaffirmed its full-year 2025 sales target, expecting 15% YoY growth and a gross margin near 52%.
What Worried in ASML's Earnings Report:
Decline in China Demand: ASML warned that China customer demand in 2026 will significantly decline compared to 2024 and 2025. This could constrain growth, as China has been a major source of tool orders, accounting for nearly one-third of machine sales in recent periods. Margin Headwinds: ASML's gross margin dropped from 53.7% in Q2 to 51.6% in Q3, primarily due to a shift in product mix and cost pressures. Uncertain 2026 Outlook: ASML did not promise growth for 2026, taking a defensive posture to accommodate potential slowdowns in China or AI capital expenditure.
Key Metrics to Watch in Q4 and Beyond:
- Q4 actual sales vs guidance
- Booking conversion
- China mix in bookings
- Margin trend
- 2026 outlook details in January
- Capital return moves
What It Means for Investors:
ASML's Q3 was a respectable showing, with bookings beat and recognition of High-NA revenue. However, the cautious notes on margins and China demand are real and cannot be ignored. As we move into Q4, investors should watch for strong execution and clear guidance on 2026 growth, China assumptions, and capital return moves. If ASML can deliver on its optimism, investors will be rewarded. Otherwise, the caution may weigh heavily.
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