Citi Raises Applied Materials Price Target to $710 on NAND Demand Outlook

Vuzix Corporation reported its second quarter 2026 results, with total revenues decreasing 14% to $1.1 million from $1.3 million in the prior-year period. The company posted a net loss of $7.7 million, or $0.09 per share, compared to a loss of $7.7 million, or $0.10 per share, a year earlier. Gross loss improved 15% to $0.6 million, while research and development expenses rose 20% to $3.1 million. Vuzix ended the quarter with $17.3 million in cash and no debt, and highlighted initial deliveries of its Ultralite Pro glasses to Amazon and waveguide systems to a global automaker.

Myrias Optics has appointed Benjamin Cherniawski as its Director of Production. He will lead the development and scale-up of the company's manufacturing capabilities and new production facility, overseeing process development, production operations, metrology strategy, quality systems, equipment implementation, and manufacturing readiness as Myrias transitions next-generation metaoptics from advanced R&D into high-volume production. Cherniawski brings more than seven years of experience from Apple, where he served as a Materials and Process Integration Lead and Technical Program Leader across multiple Vision and Display technology programs. His background spans advanced optical materials, wafer-level processing, process development, reliability engineering, manufacturing scale-up, supplier qualification, statistical process control, and cross-functional technical leadership for complex electro-optical systems. Myrias Optics focuses on wafer-level metaoptics, diffractive optics, and AR waveguides, using proprietary all-inorganic nanoimprinting technology to deliver precision optical components with industry-leading material performance and a clear path to production-scale deployment.