Franco-Italian optics group EssilorLuxottica reported revenue of 6.87 billion euros for the third quarter of 2025 on Thursday. The result exceeded expectations and was driven by smart glasses and strong growth in North America and Europe.
Sales growth accelerated in the third quarter to 6.7 percent at current exchange rates. This exceeded the consensus estimates of analysts at FactSet and Bloomberg, which were 6.733 billion and 6.747 billion euros, respectively. With sales growth of 11.7 percent at constant exchange rates, this was the “best quarter since the founding of the group,” said Francesco Milleri, Chief Executive Officer (CEO), and Paul du Saillant, Deputy CEO, in a statement. The group was created in 2018 from the merger of the French lens specialist Essilor and the Italian frame manufacturer Luxottica.
The company recorded a strong acceleration in sales in North America with an increase of five percent and in Europe with an increase of 10.7 percent.
Smart glasses as a growth driver
The third quarter saw “exponential growth” in artificial intelligence-enabled glasses from the Ray-Ban Meta and Oakley Meta brands. Sales of these smart glasses contributed four percentage points to quarterly sales growth, explained CFO Stefano Grassi during a conference call with analysts.
The group had previously planned to increase production capacity for its new generation of smart glasses to ten million units per year by 2026. The company now assumes that this goal will be achieved “sooner”. “New innovations” in this product line are also being considered. The Nuance audio glasses, which integrate hearing solutions, are now sold in six countries. According to management, the group plans to add five or six more countries by the end of the year.
EssilorLuxottica says it is strengthening its position in myopia management with the Stellest lenses. These glasses slow the progression of myopia. They will be launched in the United States starting in October, having recently received marketing approval. Solutions for myopia “continue to gain traction in China” and now account for a third of sales in this region, Grassi emphasized.
In the first nine months of 2025, group sales amounted to 20.891 billion euros. This represents an increase of 5.9 percent at current exchange rates. EssilorLuxottica also confirmed its sales target of 27 to 28 billion euros by 2026.
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