Optical industry giant EssilorLuxottica has experienced its third consecutive quarter of double-digit growth.
In the first quarter of 2026, its global revenue rose 10.8% at constant exchange rates, with AI glasses contributing more to that increase than traditional products such as sunglasses and lenses.
Total revenue for the quarter came in at 7.13 billion euros (AU$11.7 billion).
Sales were highest in North America, which rose 12.5% at constant exchange rates, while other regions posted high‑single‑digit growth.
That included Asia-Pacific, which posted revenue of Euro 874 million (AU$1.43 billion), up 9.8% compared to the first quarter of 2025, with both Professional Solutions and Direct to Consumer contributing to the results.
A media release said Australia, South Korea and Japan “made a positive contribution to the region’s results”.
“In Australia and New Zealand, OPSM comparable store sales were flat for the quarter, supported by the lens premiumisation strategy,” it said.
“Nuance Audio continued to build momentum following its launch in the fourth quarter of 2025.
“In ocular therapies, the roll-out of Espansione Group’s dry eye disease treatment instruments continued across the OPSM network.”
Francesco Milleri, chairman and CEO, and Paul du Saillant, deputy CEO, said: “With the third consecutive quarter of double-digit growth, we once again demonstrate the strength and relevance of our strategy and our ability to deliver against it.
“We continued to drive robust momentum across all regions and businesses, driven by the enduring solidity of our vision care and eyewear activities and a steady pipeline of innovation.”
“It is also reflected in the continued robust traction of our myopia management platform and in the strong results delivered by wearables, fuelled by the successful launch of Ray-Ban Meta’s new optical-first styles.”
Among frame brands, Ray-Ban and Oakley were the top performers, boosted by AI glasses offerings developed in partnership with Meta.
