Hermès stock downgraded to 'Sell'; H1 2026 revenue up 6.1%

Goldman Sachs analysts Erwan Rambourg and his team believe that Hermès’ multi-year double-digit growth streak has ended, with weakness in non-leather goods categories being a major drag on performance. Since sales of non-leather goods rely heavily on aspirational shoppers—consumers whose purchasing behavior is more sensitive to macro-level consumer sentiment—this segment has been particularly vulnerable. Rambourg commented: “We expect its revenue growth to remain slightly above peers’, but notably more moderate than what investors have grown accustomed to.” UBS analyst Zuzanna Pusz downgraded Hermès from 'Neutral' to 'Sell' and slashed its 12-month price target from €1,695 to €1,168. UBS noted that as Hermès’ supply in the secondary market increases, resale prices are converging with—or even discounting—retail prices; meanwhile, an expanding range of handbag styles no longer subject to strict allocation quotas is eroding the brand’s perceived scarcity, making demand increasingly susceptible to cyclical fluctuations. While Hermès’ financial figures, taken at face value, are not unimpressive, they clearly lack the excitement seen in prior years. In H1 2026, Hermès reported €8.163 billion in revenue, up 6.1% at constant exchange rates; operating profit stood at €3.35 billion, yielding an operating margin of 41%. Leather goods and saddlery remained Hermès’ largest revenue driver, growing 9.8% year-on-year; the Americas market rose 15.3%, and Japan rose 11%—the two fastest-growing markets. Zooming out, Hermès’ revenue growth has been trending downward since 2021: from 42% in 2021 to just 9% in 2025.

Breaking News | Anthropic reports Q3 revenue of $1.68 billion

According to sources familiar with the matter, Anthropic told potential investors participating in its upcoming initial public offering on Wednesday that its third-quarter revenue reached $1.68 billion. This figure represents approximately a 45% increase over the second quarter—and more than 3.6 times Anthropic’s full-year 2025 revenue. However, this growth rate falls short of Anthropic’s Q2 pace, when surging demand for its Claude Code product drove revenue up over 140% quarter-on-quarter. Anthropic also stated that its adjusted operating profit margin for the most recent quarter stood at 11%. This figure excludes major costs such as stock-based compensation, indicating meaningful progress toward profitability. Sources: https://www.theinformation.com/briefings/anthropic-reports-16-8-billion-third-quarter-revenue?rc=6nhaor https://www.theinformation.com/briefings/anthropic-reports-16-8-billion-third-quarter-revenue?rc=6nhaor

Albemarle to Report Q3 Earnings: What's in the Offing for the Stock?

Nov 2, 2026

Albemarle Corporation reports Q3 2026 earnings on November 4 amid lithium pricing weakness and volume headwinds. Analysts predict a 14.1% year-over-year sales increase despite potential declines in Energy Storage units.