ASML warned of potential no growth in 2026 despite beating Q2 expectations. Third-quarter revenue forecast of 7.4 billion to 7.9 billion euros fell short of expectations. Full-year 2025 net sales expected to grow 15% to 32.5 billion euros. Uncertainty remains for 2026 due to macro-economic and geopolitical factors.

ASML exceeded analyst estimates for Q2 with net sales of 7.7 billion euros and net profit of 2.29 billion euros. Analysts expected net bookings of 4.19 billion euros but ASML reported 5.5 billion euros. ASML produces EUV machines crucial for advanced chip manufacturing, with customers like Apple, Nvidia, Intel, and Taiwan Semiconductor.

ASML benefits from AI-related chip demand and released new High NA EUV tools at a cost of over $400 million each. The company shipped one High NA tool in Q2. CEO Christophe Fouquet remains cautious about 2026 growth due to ongoing uncertainty in the market.

Read more at CNBC: ASML Q2 2025 earnings report