ASML, a leading semiconductor equipment supplier, released its third-quarter 2024 financial results, reporting strong sales and net income. The company's revenue exceeded guidance, driven by increased sales of deep ultraviolet (DUV) systems and service revenue. Despite this positive financial performance, ASML lowered its revenue expectations for 2025, citing a slower-than-anticipated recovery in the semiconductor market. The company attributed this slowdown to cautiousness among customers, particularly in the logic and memory segments, and changes in lithography demand timing. ASML also noted that its revenue from China is expected to trend back to historical levels. However, despite the short-term challenges, ASML remains optimistic about the long-term prospects for the semiconductor industry, driven by megatrends such as artificial intelligence, energy transition, and electrification.