EssilorLuxottica profit beats forecasts, AI glasses and myopia products drive revenue growth

Koninklijke Philips

28/07/2026 17:00

MILAN, July 28 (Reuters) - Franco-Italian eyewear maker EssilorLuxottica ESLX.PA reported a 15% rise in first-half adjusted operating profit on Tuesday, comfortably beating analysts' expectations, while revenue growth was driven by strong demand for AI-enabled glasses and products in its myopia management portfolio.
The Ray-Ban maker made adjusted operating profit of €2.75 billion ($3.13 billion) in the six months to June 30, compared with a Visible Alpha analyst consensus of €2.46 billion. 
The company did not provide a detailed explanation for the stronger-than-expected profit performance. In recent weeks, however, some European companies, including Philips PHG.AS, have reported margins ahead of market expectations, partly benefiting from U.S. tariff-related reimbursements.
Second-quarter revenue rose 8.7% at a constant exchange rate, supported by an almost doubling of sales from AI glasses produced in partnership with Meta META.O and a 24% increase in revenue from the myopia portfolio over the same period.
        
($1 = 0.8774 euros)


 (Reporting by Elisa Anzolin, additional reporting by Gianluca Lo Nostro; Editing by Emelia Sithole-Matarise)
 ((elisa.anzolin@thomsonreuters.com; 0039 0266129692;))