ASML , the world's biggest supplier of computer chip-making equipment, warned on Wednesday that it may not achieve growth in 2026, even after its second-quarter bookings beat market expectations.

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.

ASML Holding NV Chief Executive Officer Christophe Fouquet walked back the company’s sales forecast for next year, blaming trade disputes and global tensions.