EssilorLuxottica Société anonyme designs, manufactures, and distributes ophthalmic lenses, frames, sunglasses, and instruments and equipment in North America, the Middle East, Africa, Europe, Latin America, and the Asia-Pacific. It offers lens, eyewear, contact lenses, reading glasses under Essilor, Varilux, Crizal, Eyezen, Stellest, Xperio, Transitions, Ray-Ban, Oakley, Barberini, KODAK Lens, Nikon, Shamir Optical, eyexpert, iWear, Humanware, Optifog, Persol, Oliver Peoples, Vogue Eyewear, Arnette, Alain Mikli, Costa, Bliz, Native Eyewear and Bolon, and Foster Grant brands. The company also provides vision assessment, eye pathology diagnosis and treatment, finishing equipment, fitting parameter measurement, small tools, and consumables. In addition, it offers SPECTRALIS, a multimodal imaging platform for diagnosis and treatment; RetinAI; Espansione Group; Cellview Imaging; ANTERION, a multidisciplinary all-in-one anterior segment imaging solution for measurements; apparel, footwear and accessories; and high-tech equipment for optical surfacing, polishing, measuring, coating, and finishing, as well as consumables, tools, and services under the Satisloh brand. Further, the company designs, develops, markets, and maintains diagnostics, refraction, lens edging and mounting instruments for opticians and prescription laboratories, and measurement; and optometry instruments for eyecare professionals, schools, occupational medicine centers, military, and other institutions. It sells its products to independent opticians, distributors, third-party e-commerce platforms, and large retail chains in the eyecare and eyewear industry; and consumers through the network of brick and mortar retail networks and its online channels. The company was formerly known as Essilor International Société Anonyme and changed its name to EssilorLuxottica Société anonyme in October 2018. EssilorLuxottica Société anonyme was founded in 1849 and is headquartered in Paris, France.
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German rights group files criminal complaint over Meta's AI smart glasses
German non-profit HateAid filed a criminal complaint on the 12th against Meta Platforms' management and companies selling its AI-powered smart glasses, alleging the devices violate personal data protection law. HateAid claims the glasses breach a German data protection law that bans the sale of communication equipment designed to record people without their knowledge. The complaint, lodged with ZIT, the specialist public prosecutor's office for internet and cybercrime, names Meta's management as well as the Ray-Ban division of eyewear giant EssilorLuxottica, major eyewear retailers Fielmann, Apollo Optik, and Mister Spex. HateAid points to a confirmed rise in digital violence using images, with women as the main victims, and argues that smart glasses make it possible to conceal hard-to-detect surveillance technology in everyday objects. ZIT confirmed it has accepted the complaint and said it will conduct a preliminary review under standard procedures to determine whether there are grounds for a fuller investigation. Meanwhile, Germany's Federal Network Agency told Reuters on the 12th that while it is closely monitoring the smart glasses market, it has not yet opened a formal investigation into any legal violations. It added that owning, importing, and selling smart glasses is not itself prohibited, and that recording functions are acceptable as long as they are clearly indicated, for example through a visible light.
EssilorLuxottica first-half adjusted operating profit rises 15%, helped by US tariff refunds
EssilorLuxottica reported first-half adjusted operating profit of 2.75 billion euros, up 15% from a year earlier and beating analyst forecasts of 2.46 billion euros. US tariff refunds and a favourable price mix were the two main drivers of the profit increase. In North America, the company had raised prices last year to offset the impact of import tariffs. Second-quarter revenue came in at 7.7 billion euros, slightly below the expected 7.8 billion euros, but rose 8.7% on a currency-adjusted basis. Sales of AI-powered smart glasses co-developed with Meta Platforms nearly doubled, while revenue from myopia-related products grew 24%.
AI glasses nearly double sales, driving EssilorLuxottica's second-quarter growth
EssilorLuxottica reported that sales of its AI-enabled glasses nearly doubled in the second quarter compared to last year, helping accelerate overall revenue growth. Second-quarter sales rose 7.2 percent to 7.7 billion euros, while first-half sales increased 5.7 percent to 14.8 billion euros and net profit jumped 12.9 percent to 1.6 billion euros. The company, which developed the AI glasses in partnership with Meta, said the products are generating sustainable profits and expanding across global markets and consumer segments. It also saw a 24 percent jump in sales of lenses that slow short-sightedness in children and plans to launch a second generation of its Nuance Audio hearing-aid glasses in mid-September.
Susquehanna Raises Applied Materials Price Target to $900
Susquehanna analyst Mehdi Hosseini raised the price target on Applied Materials to $900 from $575 while maintaining a Positive rating. The analyst cited channel checks indicating an expanding SCE backlog extending beyond one year, with wafer fab equipment spending reaching as high as $300 billion or more in 2026 and 2027 estimates, along with new 2028 projections. Separately, Reuters reported on June 16 that Applied Materials signed a long-term agreement with EssilorLuxottica to develop augmented reality display technology and AI glasses, with plans to scale commercialization and focus on advanced optical technologies.
EssilorLuxottica discloses share capital and voting rights as of June 30, 2026
EssilorLuxottica reported its share capital and voting rights outstanding as of June 30, 2026. The company had 464,247,548 shares outstanding, with real voting rights excluding treasury shares at 459,591,575 and theoretical voting rights including treasury shares at 464,247,548. Voting rights are capped at 31% for any shareholder under the company's bylaws.
Giorgio Armani Group Readies for Anticipated Stake Sale
The Giorgio Armani Group is expected to begin a stake sale process in September, in accordance with the late designer's will. Rothschild & Co. is expected to be the adviser, given partner Irving Bellotti's longtime relationship with Giorgio Armani and his board seat at the Giorgio Armani Foundation. The will allows an initial 15 percent stake to be sold within 18 months of its opening to LVMH, EssilorLuxottica, or L'Oréal, with a further 30 to 54.9 percent possible between the third and fifth years. A market source said the heirs may consider offering a 5 percent stake to each of the three groups to ensure transparency and allow them to evaluate the company before a larger offer. The foundation would retain a 30.1 percent stake to maintain control.
EssilorLuxottica repurchased 620,283 own shares at average €167.3053
EssilorLuxottica disclosed that it repurchased a total of 620,283 of its own shares between June 24 and June 25, 2026, under the authorization granted by the Annual Shareholders' Meeting on April 28, 2026. The daily weighted average purchase price across all transactions was €167.3053. On June 24, the company bought 304,398 shares at an average price of €167.3726 on XPAR, €168.0163 on DXE, €167.6850 on TQE, and €167.7422 on AQE. On June 25, it acquired 315,885 shares at an average price of €167.0344 on XPAR, €167.0661 on DXE, €166.9230 on TQE, and €166.8715 on AQE.
Applied Materials Introduces Suite of New Chipmaking Systems for Advanced 3D Architectures
Applied Materials announced on June 25 the introduction of a suite of new chipmaking systems designed to build advanced 3D chip architectures that power next-generation AI. Dr. Prabu Raja, President of the Semiconductor Products Group at Applied Materials, noted that transistor and materials technologies previously driving performance gains in leading-edge logic are now becoming essential in DRAM, and that the distinction between logic and memory process technology is converging as DRAM scales to meet the bandwidth demands of HBM and AI workloads. In a separate development, Reuters reported on June 16 that EssilorLuxottica and Applied Materials signed a long-term deal to develop augmented reality display technology and AI glasses, with plans to scale up commercialization and focus research on advanced optical technologies.
Meta Platforms is making another push into smart glasses, unveiling a new line of AI-powered glasses starting at $299. That is well below last year's $800 Ray-Ban Display glasses, giving Meta a wider price range as it tries to bring wearable AI to more users. The glasses are being developed with EssilorLuxottica but will be sold under Meta's own branding rather than Ray-Ban or Oakley. The lineup will include 26 styles across different frame shapes, colors, and lens options, with prescription lenses also available. Meta is working with Kylie Jenner on the launch, signaling a desire to position the product as a consumer fashion item rather than a tech gadget.
EssilorLuxottica and Meta launch Meta Glasses starting at $299 to broaden smart eyewear access
EssilorLuxottica and Meta have launched Meta Glasses, a new collection of AI-powered eyewear starting at $299, aiming to bring smart glasses to a wider, more price-sensitive audience. The collection, which is one part of a broader portfolio that includes the best-selling Ray-Ban Meta, Oakley Meta, and the display-equipped Meta Ray-Ban Display, will be available in three styles compatible with prescription, clear, sun, and Transitions lenses. Sales begin today on Meta.com in the US, Canada, the UK, France, Italy, Germany, Spain, and several other European countries, as well as at major optical retailers like LensCrafters and Sunglass Hut in the US, with additional markets and distribution channels to follow later this year.
Global Sports Eyewear Market to Reach $16.59 Billion by 2033
The global sports eyewear market is projected to grow from USD 9.73 billion in 2025 to USD 16.59 billion by 2033, at a compound annual growth rate of 6.9%. Increased participation in fitness activities and outdoor sports such as cycling, running, trekking, and water sports is driving demand for specialized eyewear that enhances comfort, durability, and visual clarity. Rising awareness of UV protection and eye health is also pushing consumers toward products with features like UV400 protection and polarized lenses, while performance-oriented innovations such as tinted lenses, anti-fog coatings, and interchangeable lens systems are capturing interest. The report segments the market by product, sports type, end user, price tier, distribution channel, and region, and profiles key companies including EssilorLuxottica, Safilo Group, Luxottica Group, Nike, and Adidas.
Citi Raises Applied Materials Price Target to $710 on NAND Demand Outlook
Citi analyst Atif Malik raised the price target on Applied Materials to $710 from $550 while maintaining a Buy rating, citing updated wafer fabrication equipment forecasts and a roll forward to 2028 earnings estimates. The firm highlighted a widening gap between memory demand and available DRAM supply that should accelerate investment in complementary semiconductor technologies and manufacturing capacity. Separately, EssilorLuxottica and Applied Materials announced a long-term joint development agreement to commercialize next-generation intelligent optical systems for augmented reality and AI-powered smart glasses, combining eyewear design with materials engineering and waveguide technology.
Applied Materials and EssilorLuxottica Sign Long-Term Deal for AI Glasses
Applied Materials and EssilorLuxottica have signed a long-term agreement to develop augmented reality display technology and AI glasses, Reuters reported on June 16. The companies plan to scale up the commercialization of AI glasses, with research and development focused on advanced optical technologies. In a separate development, Barclays raised its price target on Applied Materials to $590 from $500 on June 11, maintaining an Overweight rating, citing a stronger capex cycle and expectations of over $200 billion in wafer fab equipment sales in 2027.
Ray-Ban Heir Publicly Challenges Family Holding Company Over €10 Billion Buyout
Leonardo Maria Del Vecchio, an heir to the Ray-Ban empire, publicly challenged his family's holding company Delfin Sarl to back his €10 billion buyout of two siblings' stakes ahead of a June 30 shareholder meeting. In an open letter, the 31-year-old accused Delfin's board of failing to provide clear explanations for its shifting position on the proposed transaction, which would make him the largest shareholder with a 37.5% stake by purchasing the combined 25% held by his siblings Luca and Paola. Del Vecchio said the issue had become a matter of governance after lenders including UniCredit, BNP Paribas, and Credit Agricole sought greater certainty over future dividends and strategy, yet the board did not adopt a unified stance. The deal is part of a complex financing package that ranks among the largest acquisition financings ever sought by an individual in Europe, and it aims to ease divisions within the family over the succession of the Luxottica founder's empire, which became EssilorLuxottica. Delfin, with a net asset value exceeding €40 billion, holds major investments in Italian financial institutions such as Banca Monte dei Paschi di Siena, Assicurazioni Generali, and UniCredit.
Applied Materials shares jump after analysts raise price targets on new platform and partnerships
Shares of Applied Materials jumped 6.7% in afternoon trading after multiple analysts raised their price targets following the company's unveiling of a new technology platform and major partnerships. Citi raised its target to $710 from $550, while Cantor Fitzgerald, Barclays, and UBS also lifted their targets. The positive sentiment was fueled by the announcement of SENZ™, an integrated visual system for AI-powered smart glasses, along with a long-term development agreement with EssilorLuxottica, a manufacturing collaboration with GlobalFoundries, and a compute integration partnership with Qualcomm. The stock closed at $597.77, up 4.8% from the previous close.