Luxotica's revenue beats expectations

Luxottica Group's revenues during the third quarter of 2026 exceeded analyst expectations, reaching €7.49 billion despite a slowdown in smart glasses sales growth, which increased by 20% instead of the nearly 100% growth expected in the previous quarter. It has become clear that the growth in smart glasses sales is struggling to compare with last year, which experienced significant initial expansion. Wearable device sales—including smart glasses and hearing aid glasses from the Nuance brand—amounted to €486 million, representing approximately 6.5% of total revenues. Sales in North America rose by 4.7%, while the Asia-Pacific region achieved double-digit growth thanks to myopia management products. Ongoing activities related to eye care, eyewear, and medical technology continue to support growth, which exceeded 6% during the quarter. The company faces challenges from competition and concerns over privacy and profitability, leading to its stock dropping by around 50% over the past year.

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