Overview
- EssilorLuxottica, which reported results on Tuesday, posted 9.7% group revenue growth in H1 2026 and an adjusted operating profit of about €2.75 billion.
- AI-enabled glasses almost doubled sales in Q2 and the myopia-management portfolio rose about 24%, making these product lines the main drivers of the quarter’s faster growth.
- Adjusted operating margin expanded to roughly 18.6% and free cash flow increased to €1.07 billion, more than €100 million above the prior year, showing stronger cash generation and efficiency.
- The company confirmed its medium-term outlook and announced a strategic partnership with Applied Materials to develop next-generation intelligent optical systems for lenses and components.
- Shares remain under pressure after reported revenue of €7.7 billion slightly missed analyst forecasts, leaving investors focused on the commercial outlook for smart glasses and uncertainty around major shareholder Delfin.