EssilorLuxottica Shares Rise as AI Smartglasses Sales Keep Growing
Wearables revenue rose 20% over the quarter, and shares climbed more than 11% in early Paris trading as the group beat sales forecasts.
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what happened
According to Dow Jones Newswires, EssilorLuxottica shares rallied after the eyewear group reported that revenue from its AI-powered smartglasses business remained strong. Wearables sales rose 20% over the third quarter to 486 million euros ($546.2 million). Total group revenue for the quarter reached 7.49 billion euros, ahead of analyst expectations.
The category still makes up a small share of the business, but management remains upbeat about its growth. The stock rose more than 11% to 167.65 euros in morning trading in Paris. Analysts caution that growth could slow in the final months of the year, as the Meta-linked launches of last September created a demanding comparison base, and Google plans its own glasses this fall.
why it matters
Two factors matter for markets: the strong quarter supports the valuation, but competition from Google and a tough fourth-quarter comparison could limit upside. Bernstein analysts noted that EssilorLuxottica's multiple would likely be the first to suffer if rival glasses prove compelling.
market impact
EssilorLuxottica: strong smartglasses revenue supports the shares; Google competition is the main risk
tags
instruments
sources
- Shares in Ray-Ban Maker EssilorLuxottica Gain as AI Glasses Continue to Shine — Dow Jones Newswires, 21 October 2026 at 08:03 UTC
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