Luxury Figures

EssilorLuxottica Reports 10.8% Growth in the First Quarter of 2026, Driven by Innovation

By Eva Morletto23 avril 2026

The Franco-Italian eyewear giant EssilorLuxottica has just released its first-quarter 2026 results, and the figures are excellent. The group reported revenue of €7.127 billion, up 10.8% (at constant exchange rates) compared to the same period last year.

Oliver Peoples and Jil Sander, both belonging to EssilorLuxottica, just released their first collection (Oliver Peoples)

These results are in line with financial analysts’ expectations and reflect a well-established momentum: that of a strategic repositioning centered on innovation. They confirm the strength of the group’s hybrid model, at the intersection of healthcare, luxury, and technology.

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Francesco Milleri, Chairman and CEO, and Paul du Saillant, Deputy CEO, commented: “We have expanded our distribution network with an investment in Thailand in Top Charoen and its 2,000 stores, to facilitate access for millions of people to our world-class visual health ecosystem.”

AI-powered Glasses Leading the Way

The main driver of the quarter was AI-powered eyewear. This segment, still emerging just two years ago, is now becoming a key business pillar and a true growth driver, both for retail sales and e-commerce.

Geographically, the group recorded a 12.5% increase in North America and a 9.5% increase in the EMEA region. Beyond significant advances in innovation, these results reflect the group’s ability to maintain the appeal of its iconic brands, particularly Ray-Ban.

EssilorLuxottica is also continuing its strategy of vertical integration and development of its production chain to secure its supply in a tense global economic and logistical environment. The group also announced the acquisition of Faro, an Italian company based near Venice that specializes in high-precision CNC machines, used notably in the eyewear and jewelry industries. This transaction will enable the group to internalize key technological capabilities in manufacturing.

Toward Leadership in Augmented Health

At the same time, the group continues to prepare for the integration of hearing solutions via its Nuance platform. According to the assessment presented at the Switch event, held April 13–15 in Monaco, glasses with a hearing assistant are now available in over 13 countries and 16,000 retail locations.

This convergence of vision and hearing positions the group as a major player in “augmented health,” a high-value-added segment on which management intends to focus, as it is less sensitive to traditional economic cycles in the luxury sector, which are currently marked by increased volatility.

Key Points:

• EssilorLuxottica posted strong growth in the first quarter of 2026, driven by a hybrid model combining healthcare, luxury, and technology.

• AI-enabled eyewear is becoming a key driver of performance, supporting both retail and e-commerce sales.

• The group is strengthening its vertical integration strategy and positioning itself as a leader in “augmented health,” combining vision and hearing through its Nuance Audio Glasses platform.

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