ASML Expects Growth In 2026, CEO Says

The CEO of leading computer chip equipment maker ASML said that he expects 2026 to be a growth year for the company and that the U.S. government will likely continue pushing for further restrictions on its exports to China, Toby Sterling reported for Reuters.

Christophe Fouquet's remarks follow a recent warning by ASML that it will see slower growth in 2025, with electronics markets remaining weak outside of AI-related chips. I Photo: ASML

Christophe Fouquet's remarks follow a recent warning by ASML that it will see slower growth in 2025, with electronics markets remaining weak outside of AI-related chips.

ASML's largest customer, TSMC of Taiwan, produces chips for Nvidia and is building several new factories. Despite the challenges, ASML still expects sales to grow in 2025, albeit at a slower rate.

"We also expect 2026 to be a growth year, but it's too early to quantify that with very high accuracy," Fouquet said.

Shares of ASML rose 1.8% to 668.60 euros at 08:51 GMT. Fouquet added that pressure on the company’s exports to China is expected to persist regardless of the outcome of the U.S. presidential election.