Snap Stock Soars 7.76% After Hours: CEO Says Glasses Mass Adoption Is Years Away - Snap (NYSE:SNAP)

Snap shares jumped 7.46% to $5.04 on Monday, then gained another 7.17% in extended trading after the company’s second-quarter results. In a call with analysts, CEO Evan Spiegel said Snap’s $2,195 augmented-reality “glasses” won’t reach mass adoption for years, estimating “towards the end of the decade” before broad consumer take-up. Spiegel said Snap plans to unveil the glasses at an event on Sept. 16 ahead of a commercial launch later this year. He framed the specs as a new computing platform powered by AI, designed to reduce time spent operating screens. Revenue rose 19% year over year to $1.6 billion, topping expectations.