Major Dutch semiconductor manufacturing equipment company ASML The company on Wednesday sought to allay concerns about growth in 2026, warning that sales in China would decline “significantly.”
The company said it does not expect its total net sales in 2026 to be lower than in 2025, and warned that it expects customer demand and sales in China to be significantly lower next year compared to 2024 and 2025.
Guidance was key for the company after its share price fell after it warned in July that growth in 2026 was uncertain due to heightened macroeconomic and geopolitical uncertainty.
Here’s a comparison of ASML and LSEG consensus forecasts for Q3.
Net sales: 7.516 billion euros against the expected 7.79 billion euros Net profit: 2.125 billion euros against the expected 2.11 billion euros
ASML, which recently became Europe’s most valuable publicly traded company, is one of several companies in the semiconductor industry affected by both domestic export restrictions in its homeland of the Netherlands and U.S. tariff policy.
Analysts have taken a bullish view on the semiconductor giant, with banks such as Morgan Stanley, UBS and Jefferies raising their stock prices recently. Analysts at Morgan Stanley said growth is expected to be driven by the expansion of AI chip foundries and increased semiconductor chip manufacturing in China. Meanwhile, ahead of its earnings release, UBS pointed to better-than-expected smartphone and PC sales and AI-driven memory growth.
ASML is also expected to benefit from a $5 billion deal between Nvidia and Intel as demand for semiconductor equipment increases.
This is breaking news. Please refresh to check for updates.
