AI chip boom lifts orders, but tariffs and uncertainty bite Dutch chipmaking kit supplier ASML has shrugged off some tariff fears with better-than-expected results, though it is hardly brimming with confidence about the future.

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

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.