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

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 shares tumbled Wednesday after the Dutch semiconductor-equipment maker said that it couldn't guarantee growth in 2026 owing to economic and geopolitical factors, as tariff uncertainty weighs on the company.