ASML Stock Plummets as 2026 Growth Outlook Uncertain

ASML Stock Dips on Uncertain 2026 Growth Forecast

Shares of ASML, a key player in the semiconductor industry, fell by 6.5% following the company's announcement that it could not confirm growth for 2026. This news came despite ASML exceeding expectations for the second quarter.

Second Quarter Performance

ASML reported net sales of 7.7 billion euros ($8.95 billion) for the second quarter, surpassing analyst estimates. However, the focus quickly shifted to the company's outlook for the coming years.

Uncertainty Ahead

CEO Christophe Fouquet highlighted macroeconomic and geopolitical uncertainties as factors impacting the forecast. While demand for AI-related chips remains strong, the company is taking a cautious approach.

Future Growth

ASML projects a 15% net sales growth for 2025, which translates to approximately 32.5 billion euros in revenue. The company also stated that they shipped one of their next-generation High NA EUV tools. CFO Roger Dassen credited revenue from upgraded machines and a less-than-expected tariff impact for the second-quarter's strong performance.