Investors are hoping that ASML's bookings are robust enough to support its 2026 growth ambitions when the world's biggest chip-making equipment supplier reports its second-quarter earnings on Wednesday.

ASML Holding NV Chief Executive Officer Christophe Fouquet walked back his forecast that sales will grow next year, blaming trade disputes and global tensions.

Shares in ASML fell 11% after the Dutch chip-equipment company said it could no longer guarantee growth in 2026, amid increasing uncertainty from President Trump’s tariffs. + ASML's complex machines a