ASML , the world's biggest supplier of computer chip-making equipment, warned on Wednesday that it may not achieve revenue growth in 2026 as chipmakers building factories in the U.S. await clarity on the potential impact of tariffs.

The selloff came after ASML reported its second-quarter earnings. Orders of 5.54 billion euros ($6.44 billion) for the company’s chip-making machines topped analysts’ targets, but CEO Christophe Fouquet warned that growth in 2026 was no longer guaranteed amid uncertainty on multiple fronts.

ASML’s revenue rose 24% in the second quarter to €7.7 billion, or $8.95 billion. The consensus estimate projected €7.52 billion. ASML Chief Financial Officer Roger Dassen told investors that the better-than-expected sales increase was partly driven by upgrades made to customers’ EUV equipment.