EssilorLuxottica reports 15% profit rise and AI‑glass sales surge in H1 2026
EssilorLuxottica announced that first‑half adjusted operating profit increased 15% to €2.75 billion, comfortably beating the €2.46 billion analyst consensus. Revenue grew 9.7% in constant currency to about €14.8 billion for the six‑month period, with second‑quarter sales reaching €7.7 billion, slightly below the €7.8 billion forecast. The strong results were driven by almost‑doubling sales of AI‑powered glasses produced with Meta and a 24% year‑on‑year rise in revenue from the myopia‑management portfolio. In June the company unveiled a new line of lower‑priced AI smart glasses priced from $299, manufactured outside its own facilities. Shares have fallen roughly 50% from their November peak amid concerns over the smart‑glasses outlook and uncertainty at major shareholder Delfin. Chief executive Francesco Milleri highlighted continued expansion of AI‑enabled offerings and further product launches slated for September.
Entities: Burbur · Delfin · EssilorLuxottica · Francesco Milleri · Meta · Meta Platforms · Ray‑Ban
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 3 SOURCES] The profit figure exceeded analysts' consensus of €2.46 billion. (Reuters)
- [● 4 SOURCES] EssilorLuxottica's first‑half adjusted operating profit rose 15% to €2.75 billion. (adjusted operating profit rose 15% to €2.75 billion)
- [● 3 SOURCES] Second‑quarter revenue rose 8.7% at constant exchange rates to €7.7 billion, slightly below the €7.8 billion forecast. (Second‑quarter revenue rose 8.7% to €7.7 billion)
- [● 3 SOURCES] Adjusted profit after special items for the first half was roughly €1.9 billion. (Adjusted profit after special items ≈ €1.9 bn)
- [● 5 SOURCES] Sales of AI‑powered glasses made with Meta almost doubled during the period. (AI‑glasses sales nearly doubled)
- [● 5 SOURCES] Revenue from the myopia‑management portfolio increased 24% year‑on‑year. (myopia‑management revenue up 24%)
- [● 4 SOURCES] First‑half revenue grew 9.7% to about €14.8 billion at constant exchange rates. (Revenue up 9.7% to €14.8 bn)
- [● 3 SOURCES] EssilorLuxottica launched lower‑priced AI smart glasses priced from $299, manufactured outside its own facilities. (New AI glasses start at $299, made externally)