Chipotle Mexican Grill increased its 2026 same-store sales growth forecast to a low single-digit percentage after exceeding Q2 earnings and revenue expectations. The company attributes its success to menu innovation and customer engagement, despite a 2% sales impact in late July from a cyclospora outbreak.
Volkswagen reported weaker-than-expected Q2 operating profits of 3.5 billion euros, a nearly 10% drop, and revised its 2026 sales revenue forecast from growth to a potential 3% decline. The company is undergoing a radical overhaul, including potential job cuts and cost reductions, due to tariff costs and intense competition from Chinese car brands.
Dutch semiconductor equipment maker ASML reported better-than-expected quarterly results, driven by strong AI-related investments, leading the company to raise its full-year 2026 net sales and gross margin outlook. The firm also plans significant production capacity increases despite ongoing US-China tech tensions.
Nvidia CEO Jensen Huang confirmed China's critical role in the company's $1 trillion sales forecast, signaling no intention to exit the Chinese market despite US-China trade tensions. He also discussed Nvidia's new 'Vera' CPU platform and its potential $200 billion market.
