Blumenthal Neil Harris sold $2.8M of WRBY

Goldman Sachs reiterated a Buy rating and $32.00 price target for Warby Parker (WRBY). The company's Intelligent Eyewear launch, with pre-orders starting November 12, is expected to drive growth. Warby Parker's Q3 2026 earnings showed a profit of $0.04 per share, missing estimates, but revenue rose 10.4% to $244.7 million. The stock rose 22.5% on November 5, 2026.

Warby Parker (WRBY) shares rose 22% after announcing new AI-powered smart glasses. Q3 revenue grew 10.4% to $244.7M, with active customers up 3% and average revenue per customer up 6.7%. EBITDA increased 11% to $28.6M. The company expects 2026 revenue of up to $976M and adjusted EBITDA of $118M.

Warby Parker (WRBY) reported Q3 2026 revenue of $244.7M, up 10.4%, with adjusted EBITDA at $28.6M (11.7% margin). Active customer growth slowed to 3%. The company expects Q4 marketing spend to pressure margins, guiding Q4 adjusted EBITDA margin to 10.9%. Intelligent Eyewear launch in December 2026 will have a modest revenue contribution, with meaningful scale expected in 2027. The optical industry faces continued traffic and unit growth challenges.

Warby Parker reported Q3 2026 revenue growth driven by store openings and eye exams, offsetting industry softness. The company is pivoting to AI-driven 'Intelligent Eyewear,' positioning it as a new computing form factor. Q4 revenue guidance is 15-20% growth, with limited AI contribution. Management expects 2027 growth acceleration as production scales. Strategic investments include a $5.6M lens tech deal and a $50M Google marketing fund. Insurance penetration reached 8.4%.

Warby Parker (WRBY) reported Q3 2026 earnings, highlighting 41 net new stores opened year-to-date, accelerated e-commerce growth, and significant increases in eye exams and insurance services. The company introduced a collaboration with Rare Beauty and announced plans for its first intelligent eyewear collection, with preorders starting soon. Intelligent eyewear is expected to drive future revenue growth and profitability.

Warby Parker (WRBY) stock rose 21.9% after reporting Q3 2026 revenue of $244.7M, beating earnings estimates with $0.04 EPS. Active customers grew 3.0% to 2.74M, and gross margin was 54.4%. The company also announced pre-orders for its Intelligent Eyewear collection. Shares are up 13.7% YTD but remain 15.2% below their 52-week high.