ASML Adjusts 2025 Growth Projection Despite Robust Q2 Performance
Dutch semiconductor equipment titan, ASML, announced robust second-quarter results, boasting €7.7 billion in net sales and €2.3 billion in net income. However, the company has revised its full-year 2025 growth forecast downward. ASML now projects a 15% growth in full-year 2025 net sales, a significant decrease from its previous forecast of 30-35 billion euros. This adjustment is a reflection of the increasing uncertainty fueled by macro-economic and geopolitical developments, as stated by CEO Christophe Fouquet.
ASML’s extreme ultraviolet lithography (EUV) machines play a pivotal role in manufacturing the most advanced chips utilized by tech giants such as Apple, Nvidia, Intel, and Taiwan Semiconductor Manufacturing Co. The company has reaped benefits from the AI-driven demand for these advanced chips, with CEO Fouquet emphasizing that AI demand “is a big driver for EUV.” Despite this, the company expressed caution regarding the growth prospects for 2026, stating it “cannot confirm” growth for the upcoming year at this point.
The mixed signals from ASML, a company considered a bellwether for the semiconductor industry, underscore the ongoing challenges the chip sector is grappling with amid trade tensions and economic uncertainty. The company’s High NA EUV machines, which can cost over $400 million each, remain integral to its future growth plans.