Julie Morgan
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I'm your host, Julie Morgan.
Go out and make it a great day.
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.
It's good to be with you on this Wednesday, January 28th.
ASML Holding plans to cut about 1,700 jobs, mainly across technology and IT.
Most of the job reductions will take place in the Netherlands, with some in the U.S., and will largely affect those in management and leadership.
The cuts represent roughly 4% of ASML's workforce.
The CFO said in a call with reporters that ASML has a complex organization, often requiring excessive coordination.
Roger Dassin added that the changes are aimed at streamlining operations so that engineers can be engineers again.
The announcement was made as ASML reported its fourth quarter results.
The company had a huge fourth quarter.
New orders hit a record 13.2 billion euros, which is about $16 billion.
nearly double what analysts were expecting.
For all of 2025, ASML made 32.7 billion euros in sales, or about $39 billion, which was 16% more than 2024.
Looking ahead, ASML now expects 2026 sales to land between 34
and 39 billion euros, roughly $41 to $47 billion, and that's higher than previous guidance.
ASML is up 5% in pre-market action after gaining nearly 3% on Tuesday.