ASML Cools 2026 Growth Outlook as Clients Balk at Trade Wars

Potential Tariff Impact on GDP Growth is Significant, ASML CFOSource: Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Dasha Afanasieva

July 16, 2025 at 1:05 AM EDT

Updated on

July 16, 2025 at 11:06 AM EDT

ASML Holding NV Chief Executive Officer Christophe Fouquet walked back his forecast that sales will grow next year, blaming trade disputes and global tensions.

Fouquet, who in October told investors he expected 2026 to be a growth year for the semiconductor industry and ASML, took a more cautious stance on Wednesday when the company reported its second-quarter results.