ASML Cools 2026 Growth Outlook as Clients Balk at Trade Wars (2)

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.

“We continue to see increasing uncertainty driven by macro-economic and geopolitical developments,” Fouquet said in a statement. “Therefore, while we still prepare for growth in 2026, we cannot confirm it at this stage.”

ASML CEO Christophe Fouquet

Photographer: Hollie Adams/Bloomberg

The Dutch firm’s shares fell as much ...