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# ASML says it cannot confirm 2026 growth amid tariff and geopolitical risk
- URL: https://sovereigntymonitor.eu/news/2025-07-16-asml-q2-2025-earnings-2026-growth-uncertainty/
- Published: 2025-07-16T12:00:00.000Z
- Updated: 2026-10-19T16:01:19.000Z
- Description: ASML reported Q2 2025 net sales of EUR 7.7 billion and net bookings of EUR 5.5 billion, but CEO Christophe Fouquet said the company "cannot confirm" growth for 2026, citing macroeconomic and geopolitical uncertainty.
- Author: Reidar Balstad
- Tags: Compute and infrastructure, #news, #verified, #editor-read

Verified Editor-read [ASML Q2 2025 financial results press release, 16 July 2025](https://www.sec.gov/Archives/edgar/data/937966/000162828025034992/pressreleasequarterlyresul.htm?ref=sovereigntymonitor.eu)

**What it does not test.** This does not establish that a specific US tariff caused the caution, nor that ASML's supply chain is relocating out of Europe.

**How this item counts.** This item is dated before the index starts on 1 January 2026, so it does not count in the [European Sovereignty Index](https://sovereigntymonitor.eu/sovereignty-index/).

**How this item was made.** Drafted by an AI system (Claude (Anthropic)) from the source cited above; read and approved by the editor on 2026-10-19\. [How the record is made](https://sovereigntymonitor.eu/method/#how-the-record-is-made)