What's Happening?
EssilorLuxottica, a leading global optics company, reported its best quarter since its formation, with revenues reaching 6.87 billion euros in the third quarter of 2025. This figure surpassed expectations from Factset and Bloomberg. The company's success
was driven by significant growth in smart glasses sales, particularly under the Ray-Ban Meta and Oakley Meta brands, which contributed 4 percentage points to the quarterly revenue growth. The company also saw strong revenue acceleration in North America and Europe, with increases of 5% and 10.7% respectively. The group, formed from the 2018 merger of Essilor and Luxottica, plans to expand its production capacity for smart glasses and introduce new innovations in this product range.
Why It's Important?
The impressive performance of EssilorLuxottica highlights the growing consumer interest in smart glasses, a segment that combines fashion with advanced technology. This trend could significantly impact the optics and wearable technology industries, driving further innovation and competition. The company's strategic focus on expanding its smart glasses offerings and increasing production capacity suggests a commitment to leading this market. Additionally, the successful quarter underscores the potential for growth in the North American and European markets, which could influence other companies to invest in similar technologies.
What's Next?
EssilorLuxottica plans to increase its production capacity for smart glasses to 10 million units per year by 2026, potentially sooner. The company is also considering new innovations in this product range. Additionally, the launch of Stellest lenses in the U.S. in October, following market approval, indicates a strategic expansion into myopia management. The company aims to strengthen its position in this area, which could lead to further revenue growth and market share in the optics industry.
