AMS.SW · PEAD ↑ 44

ams-OSRAM reported Q2 2026 EPS of -0.56 on 2026-08-04, missing the -0.24 consensus by -0.32 (-133.3%); no prior-year comparable is available in the current feed.

Print-day reaction was +3.4% versus the prior close, an initial positive move despite the significant EPS miss. The overnight gap to the T+1 open added a further +2.8%, suggesting after-hours sentiment did not fade on the headline miss. Day 1-to-3 drift was -2.6%, a partial give-back that modestly reversed the initial impulse but left the cumulative move in positive territory. Cumulative abnormal return of +6.4% versus SPY.US over the full three-day window places this in PEAD long territory; the documented drift pattern holds through the window ending 2026-10-30.