ASML has faced significant headwinds recently, shedding over 60 billion ($65 billion) in market capitalization since it reported third-quarter 2024 bookings that were less than half of what analysts had expected. Specifically, bookings fell to 2.63 billion, well below the 5.39 billion ($5.84 billion). While the company's existing 36 billion order backlog offers some cushion, slower market conditions mean the company will ship fewer than 50 EUV systems in 2025. This reduction puts pressure on ASML's profit margins, which are now forecasted to range between 51% and 53%, down from earlier expectations of 54% to 56%.