ASML Holding N.V. beats Q2 expectations with strong bookings and 2025 guidance. Click for my updated look at ASML earnings and why I remain bullish on the stock.

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

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. Francis Maguire reports.