Dutch semiconductor company, ASML Holding NV ( ASML ) , warned investors that its growth outlook for 2026 is now under a cloud, citing rising macroeconomic uncertainties and escalating trade tensions.

Check out the current price of ASML ( ASML ) stock here.

What Happened: During the company’s second quarter results on Wednesday, ASML’s CEO, Christophe Fouquet, said in a statement, “while we still prepare for growth in 2026, we cannot confirm it at this stage,” citing growing uncertainties driven by macroeconomic and geopolitical developments.

He adds that the fundamentals of AMSL’s key AI customers remain strong, but acknowledges the growing threat of tariffs.

See Also: Top Wall Street Forecasters Revamp ASML Expectations Ahead Of Q2 Earnings

“Tariffs on new systems and parts going into the U.S., as well as reciprocal measures from other countries, could impact our gross margin,” Fouquet says.

The company, nonetheless, witnessed strong bookings during the quarter, at $6.4 billion, compared to consensus estimates at $5.6 billion, according to a report by Bloomberg.

Its forecast for third quarter sales, however, estimated between $8.6 billion and $9.2 billion, fell short of analyst consensus estimates.

Why It Matters: While semiconductors were exempt from President Donald Trump’s “Liberation Day” tariffs, there is a lot of uncertainty surrounding chipmaking equipment.

During its second quarter results, ASML ( ASML ) posted $8.9 billion in sales, ahead of consensus estimates at $8.7 billion, with a profit of $2.66 billion, against estimates at $2.37 billion.

Price Action: Shares of ASML ( ASML ) were up 2.02% on Tuesday, trading at $823.02, but are now down 7.10% after hours, following its second quarter results.

According to Benzinga’s Edge Stock Rankings, ASML ( ASML ) scores well on Growth and Quality, while having a favorable price trend in the short, medium and long terms. Click here for deeper insights into the stock.

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