2026 can be a flat year

July 16 ASML (NASDAQ: ASML), the world's leading provider of chip -making devices, warned that in 2026 he may not deliver sales growth and sent his shares in early Wednesday trading by around 7%.

The company reported the second net booking of 5.54 billion in a second quarter, with the average forecast of the analysts of 4.44 billion being exceeded by visible alpha. The strong order was largely put on artificial intelligence? Related demand.

Chief Executive Christophe Fouquet said that uncertainty increases, mainly due to macroeconomic and geopolitical considerations, including tariffs. The CFO Roger Dasen added that ASML worked closely with its supply chain to alleviate possible effects.

While we are still preparing for growth in 2026, we cannot confirm it at this time, said Fouquet and found that a flat year would break a decade of uninterrupted sales gains since 2012.

The Cio Han Dieperink from Aureus Investment said that he was still not excessively concerned, and quoted the solids bookings of the quarter as a sign of a resilient customer demand.

Asmls Extreme Ultraviolet Lithographic systems underpinning progressive chips that are used in Nvidia (Nasdaq: NVDA) GPUS and Apple (Nasdaq: AAPL) devices. The Chinese machine sales steadily kept in the last three quarters of 27% of the total volume, about earlier estimates of 20%, which indicates that chip makers still describe devices in front of stricter export controls.

This article first appeared on Gurufocus.