ASML says it may not achieve 2026 growth
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The company warned that it could no longer guarantee growth in 2026, overshadowing what was otherwise a strong quarter.
The Dutch firm, which is vital to the world’s chipmaking supply chain, indicated that it may not see growth next year. Here’s why.
A Dutch court has convicted a 43-year-old Russian man for breaching international sanctions. He was accused of sharing sensitive information from Dutch semiconductor company ASML and another tech firm with someone in Russia.
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Cryptopolitan on MSNASML stock drops as Dutch chipmaking giant faces uncertain futureBen Barringer, global technology analyst at Quilter Cheviot, acknowledged that the economic hurdles facing Intel and Samsung could pose a hurdle in ASML’s economic outlook. He noted that the tech companies, both ASML customers, face financial challenges after reporting the first drop in profits in two years.
Chipmaking equipment supplier ASML said the impact of US tariffs was “a bit less negative than we anticipated”, as artificial intelligence drove strong orders for its lithography machines.
The equipment supplier to semiconductor makers posted revenue of $8.73 billion in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $8.55 billion. ASML shares have increased 19% since the beginning of the year. The stock has declined 23% in the last 12 months.
"ASML is for the Netherlands an extremely important, innovative industry that should not suffer under any circumstances, because that would damage ASML's global position," he added.