Analysis: Stocks

INFICON: Broad-based momentum supports higher FY26 outlook

Earnings/Sales releases Inficon delivered an outstanding Q2 2026, reporting record sales, orders and profitability as semiconductor demand accelerated across multiple end markets. Revenue increased...

Capgemini: Positive signals are piling up

Earnings/Sales releasesCapgemini delivered a strong second quarter, enabling it to achieve double-digit growth at constant exchange rates for the first half of the year. This momentum in the first six...

AIB Group: Upgraded revenue guidance

Earnings/Sales releases The group posted a good set of results. The management upgraded its net interest income guidance, pointing to a stronger-than-expected net interest margin recovery. It also...

Rolls-Royce: H1-26: Transformation at full throttle

Earnings/Sales releases Rolls-Royce delivered another broad-based beat, with strong growth in profit and cash across all divisions. Civil aerospace remains the core earnings engine, but the sharp...

Jeronimo Martins: Jeronimo Martins - Profits resilient, but Poland recovery pushed back

Earnings/Sales releases Jeronimo Martins reported mixed H1 FY26 results, with softer-than-expected sales but resilient Profitability. EBITDA and adjusted EPS exceeded consensus, supported by margin...

Vinci: H1: Cobra IS puts numbers on the data center opportunity

Earnings/Sales releases Vinci protected earnings despite weaker concession volumes. Revenue rose 2.1% to €35.6bn, while EBITDA increased by 4.5% and EPS by 10.8%. Cost control lifted margins even as...

Shell: Refining and chemicals margins at multi-year highs, buybacks stepped up

Earnings/Sales releases Shell delivers a very strong quarter, driven by refining and chemicals margins at their highest level in several years, even as persistent disruption in the Middle East...

FDJ United: Waiting longer for a recovery!

Earnings/Sales releases FDJ reported weaker-than-expected Q2'26 results, with revenue missing consensus by 3.6%, due to continued weakness in the French lottery business, while online betting & gaming...

Schneider Electric: Datacenter-led growth enables another guidance upgrade; Schneider is still relatively better placed

Earnings/Sales releases Schneider Electric surprised positively with its H1 revenue growth and profit figures, as Datacentres fuelled strong growth at the group level, while operational leverage and...

Ipsen: Another quarterly beat; 2026 guidance upgraded

Earnings/Sales releases Ipsen demonstrated robust performance in Q2, exceeding market expectations, which led to an upgraded 2026 guidance. While we may adjust our estimates upwards, we do not foresee...

Group ADP: H1: Tariff framework drives the valuation

Significant newsADP beat H1 consensus despite another weak traffic print in Paris. Retail held up better than feared, costs were controlled and international assets offset most of the pressure,...

MTU Aero Engines: Cash beats, mix disappoints

Earnings/Sales Releases MTU delivered a positive Q2, with revenue and EBIT ahead of expectations and FCF being the clear highlight. The beat was driven by exceptionally strong commercial MRO activity,...

Bic: Another beat; strategy day now takes center stage

Earnings/sales releases Bic reported Q2 sales, EBIT and EPS comfortably ahead of market expectations, prompting management to upgrade FY26 guidance. While the reported margin beat benefited from a...

Bachem: All eyes on building K

Earnings/Sales releasesBachem released its 1H26 results on 30 July 2026, delivering a strong operating performance for the half. Margins were affected by higher operating expenses and COGS, as...

ARM Holdings plc: Strong AI momentum continues, but execution and valuation remain key watchpoints

Earnings/Sales releasesArm reported a solid start with Q1 27 revenue rising 22% YoY to USD 1.29bn, supported by continued strength in cloud AI, licensing activity, and royalty growth. Management...

Schneider Electric again posts supercharged results

H1 results were stellar for the French electrical equipment maker.

Lloyds Banking Group: New business plan in line with expectations

Earnings/Sales releasesThe second-quarter results were largely in line with expectations, thereby enabling the group to confirm its conservative 2026 RoTE Guidance. The new business plan expects...

Air France-KLM: Strong fuel recapture and disciplined pricing steer a resilient quarter

Significant news Q2 remains in line with the large fuel price impact. Cost discipline and high Fuel Recapture defended the quarter, but it might not last forever. The entire unit revenue gain was...

Klépierre: Strong and stronger

Earnings/Sales releases Despite low indexation, organic revenue growth is accelerating in Q2 26. The balance sheet profile remains the best in the sector in Europe. Fact Organic growth rose from...