Manager Mechanical Engineer

AI smart glasses and myopia management portfolio drive Q2 and first half revenue growth for EssilorLuxottica. Tuesday, July 28, 2026 5:00 PM PARIS, France - EssilorLuxottica (Reuters: ESLX.PA) announced on Tuesday its second quarter and first-half 2026 financial results for the period ended June 30, 2026. During the initial six months of the year, revenue grew by 5.7 percent year-over-year to €14,818 million, representing a 9.7 percent increase at constant exchange rates with broad-based contributions from all business segments and regions, the company said. For the second quarter, the group recorded €7,692 million in revenue, marking a year-over-year increase of 7.2 percent and an 8.7 percent rise at constant exchange rates. According to the company, second-quarter revenue growth was driven by a near doubling of sales from AI glasses produced in partnership with Meta as well as a 24 percent increase in revenue from its myopia portfolio over the same period. During a conference call, Stefano Grassi, EssilorLuxottica CFO, noted that the company's Stellest glasses for myopia management are currently in 11,000 doors in the U.S. In the first half of 2026, North America, EMEA and Latin America all saw high-single digit revenue growth in Q2, with Asia-Pacific up double digits, the company reported. Sales in North America grew 9.9 percent at constant exchange rates. "We're proud to report a successful first half, delivering nearly double-digit revenue growth while increasing adjusted operating profit by 15 percent at constant currency. Once again, our performance reflects the power of our strategy and our ability to execute with excellence as we continue to transform our industry," said Francesco Milleri, chairman and CEO, and Paul du Saillant, deputy CEO, EssilorLuxottica. "We drove strong momentum across all regions and businesses, fueled by our vision care and eyewear innovation and the expansion of our distribution network, with Top Charoen in Thailand further strengthening our global footprint," they added added, referring to EssilorLuxottica's acquisition of a significant stake in Top Charoen, a retail chain with over 2,000 stores located across Thailand, in April of this year. The group's sales channels also expanded, as Direct to Consumer outperformed Professional Solutions, the company said. Furthermore, comparable-store sales growth increased to 8 percent during the second quarter, up from 7 percent recorded in the first quarter. Both optical and sun banners contributed equally across regions, the company noted. The myopia management lens portfolio continued its strong growth, increasing by 24 percent in the second quarter. This was driven by supportive clinical evidence regarding solution efficacy and a broad range of technologies and price points. Meanwhile, AI glasses saw exponential growth, with sales nearly doubling in the second quarter compared to the previous year. | / | Francesco Milleri (l) and Paul du Saillant. | "We made significant progress across our key growth drivers, from the acceleration of our myopia management portfolio to the sustained success of AI-powered wearables, driven by our iconic Ray-Ban and Oakley brands and our core expertise," Milleri and du Saillant said. "While doing so, Visionmonday continued to invest in the future, reinforcing its leadership to develop the next generation of intelligent optical systems through its partnership with Applied Materials. "Supported by an increasingly integrated business and industrial platform, and as we double down on the capabilities and technologies that will shape the future of our industry, the dedication and talent of our colleagues around the world remain our greatest asset," they added. "With these foundations in place, we've never been better positioned to seize the opportunities ahead and accelerate our next chapter of growth." Adjusted gross profit amounted to €9,411 million in the six months, reaching 63.5 percent of revenue, 10 basis points higher than 2025 at both current and constant exchange rates, the company said. The adjusted operating profit reached €2,751 million in the six months, representing 18.6 percent of revenue, compared to 18.1 percent in 2025. Adjusted group net profit amounted to €1,921 million in the six months, representing 13.0 percent of revenue, compared with 12.8 percent in 2025 percent. International Financial Reporting Standards operating profit and the group net profit reported in the consolidated financial statements amounted to €2,296 million and €1,566 million respectively in the six months, the company said. Consolidated free cash flow amounted to €1.07 billion in the six months compared with €0.96 billion in 2025. The company said its long-term outlook involves scaling its AI-driven healthcare platform and moving toward leadership in advanced and integrated eye health. Over the next five years, the company plans to deliver consistent revenue growth and aligned growth of adjusted operating profit at constant exchange rates. In June, EssilorLuxottica and Meta announced the launch of Meta Glasses, a new collection of AI glasses starting at $299, designed to expand the smart eyewear category to a broader audience. The product joins a lineup that includes Ray-Ban Meta, the Oakley Meta, and the in-lens Meta Ray-Ban Display. Earlier this year, they also added Ray-Ban Meta Optics. Also during the second quarter, EssilorLuxottica, together with the National Secretariats, the National Coordinators and the Trade Union Coordination of Filctem CGIL, Femca CISL and Uiltec UIL, announced the introduction of its first wearable production lines in Italy, starting in the second half of the year. The initiative will initially focus on the company's Agordo plant, where an entire production area will be converted to support the new industrial activities, with operations set to begin by early 2027.

China has reportedly begun mass-producing domestic immersion DUV lithography machines, introducing new competitive and geopolitical risks for Applied Materials. The development could potentially reduce demand for Western chip equipment suppliers in Chinese fabs amid ongoing export controls. Applied Materials' investment case relies on AI-driven demand for advanced chips and packaging offsetting cyclical swings and export uncertainty in China, its largest market. The company recently announced new systems for 2-nanometre and advanced 3D architectures, including the Viva nanosheet engineering platform and advanced ALD and etch tools. Applied Materials' strength in deposition, etch, metrology, and packaging may help offset pressure from Chinese fabs using local lithography. However, growing Asian equipment competition and export limits present long-term competitive risks.

Wall Street sees 17% more upside in Applied Materials Stock. Here's the math. Last updated Jul 26, 2026 Key Takeaways for Applied Materials Stock as of July 2026. * Record Quarter: Applied Materials posted $7.91B in Q2 revenue, up 11% YoY, non-GAAP EPS of $2.86, up 20% YoY, and a non-GAAP gross margin of 50%, its highest level in over 25 years. * Guidance Raise: Management lifted its 2026 equipment growth guide from 20% to over 30%. * DRAM and Packaging Inflection: DRAM revenue hit $1.7B, up 18% YoY, while advanced packaging revenue is tracking toward $2B, up over 50% this year. * Capacity Signal: CEO Gary Dickerson tied the raise to customer behavior directly, telling investors: "we now expect our semiconductor equipment business will grow more than 30% this calendar year." Applied Materials Raises Its 2026 Equipment Growth Guide to Over 30%. Applied Materials (AMAT) told investors on its May 14 fiscal second-quarter call that semiconductor equipment revenue will grow more than 30% in calendar 2026, up from the 20% growth outlook it had given previously. The upgrade came alongside record fiscal Q2 revenue of $7.91 billion, up 13% sequentially and 11% year over year, and the company's highest gross margin in more than 25 years. The raise wasn't a rounding change. CEO Gary Dickerson tied it directly to DRAM and advanced packaging, the two markets where Applied has been building share for years. At the June 26 Master Class, Kevin Moraes laid out the scale: advanced packaging revenue is projected to grow more than 50% in 2026 to over $2 billion, after already tripling between 2020 and 2024 against a prior forecast of doubling. DRAM revenue hit $1.7 billion in fiscal Q2, up 18% year over year, with Applied holding roughly 10 points of share gained in that market since 2013. Dickerson framed the shift on the earnings call this way: "As customers find new ways to reallocate or create space, we are seeing incremental requests for equipment deliveries in 2026, and we now expect our semiconductor equipment business will grow more than 30% this calendar year." That single sentence moved the growth algorithm for the stock. It wasn't a demand story anymore, it was a capacity-unlock story, with customers physically finding cleanroom space faster than Applied had modeled. The Q2 beat wasn't just a revenue story: Applied Materials topped Street EBIT estimates by 6% with $2.54 billion in operating income and 32% operating margin, and that operating-line beat is exactly what management pointed to when it raised the 2026 systems growth guide, giving the 30%-plus outlook a profitability anchor, not just a bookings one. The EPIC collaboration platform backs that claim with names, not adjectives. TSMC, Micron, Samsung and SK Hynix signed on as founding partners, and Broadcom joined specifically for advanced packaging work just before the June 26 call. Applied is also 100-plus factory projects deep in its customer pipeline, more than 10 of them added in the most recent quarter alone. This is the development repricing Applied Materials stock: a raised, dated growth guide backed by named customer commitments in the two markets carrying the highest materials intensity in the industry. Applied Materials Stock Sits 26% Below Its Highs Despite the Guidance Raise. Applied Materials stock hit a maximum drawdown of 27% on July 20, 2026, and still traded 26% below its peak as of the most recent close. The stock fell another 5% on July 24 alone, closing at $536 That drop came after the company had already told investors its equipment business would grow faster than previously guided, not slower, a disconnect that puts the drawdown squarely at odds with the fundamental story from Section 1. Wall Street hasn't backed off the name during the selloff. Of 35 analysts covering Applied Materials stock, 28 rate it a buy and 4 rate it outperform, 6 hold it, and just 1 rates it underperform, with no sell ratings on the stock. The mean price target sits at $628, which puts the stock's target-to-close ratio at 117%, meaning the Street collectively sees roughly 17% upside from current levels even before accounting for the raised 2026 growth guide. TIKR Values Applied Materials Stock at $669, Pricing In the DRAM and Packaging Ramp. TIKR's mid-case model values Applied Materials stock at $669 by October 2030, implying a 25% total return from the current price of $536, or 5% annualized over 4.3 years. That annualized return trails the kind of multi-bagger math some AI infrastructure names have put up, but it comes from a company already generating record gross margins near 50% at the corporate level and 55% within Semiconductor Systems. It's a return built on execution, not multiple expansion. The target is reachable because the growth math from Section 1 is already showing up in the numbers, not just the guidance. Semiconductor Systems revenue hit a record $5.97 billion in fiscal Q2, DRAM grew 18% year over year, and advanced packaging is tracking toward that $2 billion-plus, 50%-growth year. A 30%-plus equipment growth guide sitting on top of an already-record quarter is the kind of gap between guidance and price that tends to close. Should You Invest in Applied Materials, Inc.? The only way to really know is to look at the numbers yourself. TIKR gives you free access to the same institutional-quality financial data that professional analysts use to answer exactly that question. Pull up Applied Materials, Inc. stock and you'll see years of historical financials, what Wall Street analysts expect for revenue and earnings in the quarters ahead, how valuation multiples have moved over time, and whether price targets are trending up or down. You can build a free watchlist to track Applied Materials, Inc. stock alongside every other stock on your radar. No credit card required. Just the data you need to decide for yourself. Looking for New Opportunities? * See what stocks billionaire investors are buying so you can follow the smart money. * Analyze stocks in as little as 5 minutes with TIKR's all-in-one, easy-to-use platform. * The more rocks you overturn... the more opportunities you'll uncover. 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Table of Contents * Key Takeaways for Applied Materials Stock as of July 2026 * Applied Materials Raises Its 2026 Equipment Growth Guide to Over 30% * Applied Materials Stock Sits 26% Below Its Highs Despite the Guidance Raise * TIKR Values Applied Materials Stock at $669, Pricing In the DRAM and Packaging Ramp * Should You Invest in Applied Materials, Inc.? * Looking for New Opportunities? * Disclaimer: Stock Reviews Earnings Updates Join thousands of investors worldwide who use TIKR to supercharge their investment analysis.