Reuters analysis on ASML two days ahead of profit warning

A Dec. 16 Reuters analysis headlined “ASML may be losing its recession proofing” ran two days before the Dutch company reported the biggest-ever drop in demand for its chip making equipment, lowered its outlook, cut more than 10 percent of its workforce and saw its shares slide by 13 percent. The prescient analysis used a combination of views from analysts covering the company, good in-depth industry and company knowledge and forecasts from ASML’s customers such as Samsung Electronics to explain why ASML’s previous track record for riding out microchip cycles was not going to work this time round.