ASML has narrowed its growth forecast for the remainder of 2025 after reporting flat net sales of €7.7 billion ($8.95 billion) for Q2 2025, meeting its own internal forecasts but falling short of €8.3bn ($9.6bn) market expectations.

ASML Holding beats Q2 expectations but faces 2026 growth concerns. Click here for my updated look at ASML stock prospects post earnings.

ASML reports €7.7 billion total net sales and €2.3 billion net income in Q2 2025 Full-year 2025 expected total net sales growth of around 15% with gross margin around 52% VELDHOVEN, the Netherlands, July 16,

ASML shares drop after the company warned it may not grow in 2026, despite beating Q2 2025 earnings expectations. ASML reported strong net sales of €7.7 billion and net profit of €2.29 billion, driven by AI-related chip demand.

Chief investment officer at investment firm Aureus Han Dieperink remained unfazed about next year’s economic outlook, arguing that the previous quarter depicted strong demand. If ASML’s uncertain outlook for 2026 materializes, it will become the first year in over a decade since 2021 for the firm to record interrupted revenue growth.

Dutch semiconductor company, ASML Holding NV warned investors that its growth outlook for 2026 is now under a cloud.

But its disappointing guidance sent ASML stock lower.The Dutch company earned the equivalent of $6.85 a share on sales of $8.94 billion in the June quarter. Analysts polled by FactSet had expected ASML to earn $6.

The Dutch semiconductor equipment giant reported Q2 net sales of €7.7 billion ($8.95 billion), above expectations. Net profit came in at €2.29B versus the €2.04B estimate. ASML also posted €5.5B in net bookings, a key forward demand indicator, well ahead of the €4.19B expected.

Evercore ISI analyst recommends buying ASML stock even though it no longer sees growth in 2026. Investors should still avoid ASML shares.

ASML's Q2 shines, but weakened guidance and rising risks signal caution. Read why I rate ASML a Sell and prefer to wait for more clarity before reconsidering.