ASML Holding NV will release its quarterly results next week amid increased scrutiny over client spending and market challenges.

The Dutch firm, known for producing chipmaking machines, has seen a nearly 30% stock decline since July due to a reduced 2025 revenue outlook.

Analysts forecast ASML’s 2025 sales to be €32.2 billion (US$33.8 billion), slightly below its guidance, as concerns grow over spending fluctuations from major clients like Intel, Samsung Electronics, and Chinese chipmakers.

Taiwan Semiconductor Manufacturing Co. (TSMC) may provide some relief for ASML with its US$40 billion capital expenditure plans for 2025.

Despite these challenges, ASML is optimistic about its long-term growth potential, reiterating its 2030 growth targets with an expected 16% annual earnings growth rate.