Citigroup: ASML's second-quarter performance is expected to be weak.

Analysts at Citigroup wrote in a research report that ASML's second-quarter sales and profit margin forecasts were lower than expected. The Dutch semiconductor manufacturing equipment supplier expects its sales to be between 8.4 billion euros and 9.0 billion euros. The analysts pointed out that the midpoint of 8.7 billion euros is lower than the market's expectation of 8.94 billion euros. ASML expects its gross margin to be between 51% and 52%, which is a closely watched indicator of pricing power and profitability. The analysts noted that the midpoint of this range is about 78 basis points lower than the market's expectation of 52.3%.