🟢 ams OSRAM is trading 5% up today after Q2 results reached high end of guidance

ams OSRAM is trading 5.18% up now at €20.30 after investors continued responding to its August 4 Q2 results, which reached the high end of guidance.

• Revenue rose to €805 million, while adjusted EBITDA margin reached 16.9%.
• Third-quarter revenue guidance exceeded consensus.
• The company highlighted progress toward mass-producing microLED arrays for next-generation AR smart glasses; no newer August 12 announcement was identified.