ASML says it may not achieve 2026 growth
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The Netherlands needs more companies like ASML to drive innovation. For years, spending on research and development (R&D) has lagged behind the European target. ASML is investing a lot of money in innovation,
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.
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.