EssilorLuxottica: Q2/H1 2026 Results - Solid revenue trajectory at +9.7% in H1, with Q2 at +8.7%. Increasing profitability, with Adj. Operating Profit +15%.

EssilorLuxottica (ESLOY) reported H1 2026 revenue growth of 9.7% at constant exchange rates, with Q2 up 8.7%.

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Rhea-AI Summary

EssilorLuxottica (ESLOY) reported H1 2026 revenue growth of 9.7% at constant exchange rates, with Q2 up 8.7%. Adjusted operating profit rose 15%, with adjusted operating margin reaching 18.6%, or 18.9% at constant exchange rates, expanding by 80 bps.

Q2 retail comparable-store sales grew 8.0%; North America, EMEA and Latin America increased high single digit, Asia-Pacific double digit. The myopia portfolio grew 24% in Q2 revenue, AI glasses nearly doubled, and H1 free cash flow reached €1.07 billion, over €100 million above 2025. The company also started a strategic partnership with Applied Materials on intelligent optical systems.

Positive

H1 2026 revenue +9.7% at constant exchange rates; Q2 +8.7%
Adjusted operating profit +15% at constant exchange rates in H1 2026
Adjusted operating margin 18.6% reported, 18.9% at constant FX, +80 bps
Free cash flow €1.07 billion in H1, >€100 million above 2025
Retail comparable-store sales +8.0% in Q2 2026
Myopia portfolio revenue +24% in Q2 2026
AI glasses revenue almost doubled in Q2 2026

Negative

None.

Argus Jul 28 session

+2.72% close to close 1.9x rel. volume Open Argus

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News Market Reaction – ESLOY

On Jul 28, the day this news came out, ESLOY closed 2.72% above the previous close. That session’s volume was 1.9x the stock’s average daily volume.

Data tracked by StockTitan Argus for the Jul 28 session.

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07/28/2026 - 12:00 PM EDT

Solid revenue¹ trajectory at +9.7% in H1, with Q2 at +8.7%

Increasing profitability, with Adj. Operating Profit^1,2 +15%

Group’s revenue grew 9.7% in H1 at constant exchange rates¹, with Q2 at +8.7%
Retail comparable-store sales³ +8.0% in Q2, with optical and sun banners equally contributing
North America, EMEA and Latin America up high-single digit in Q2, Asia-Pacific up double digits
Core eyecare/eyewear business steadily growing mid-single digit in Q2 and H1
Myopia portfolio confirmed as a growth engine, growing 24% in revenue in Q2
AI glasses almost doubling in revenue in Q2
Adjusted² operating margin expanding up to 18.6%, gaining 80bps to 18.9% at constant exchange rates¹
Free cash flow⁴ at Euro 1.07 billion in H1, more than Euro 100 million above 2025
Started strategic partnership with Applied Materials, focusing on new generations of intelligent optical systems

Paris, France (July 28, 2026 - 6:00 pm) – The Board of Directors of EssilorLuxottica met on July 28, 2026 to approve the condensed consolidated interim financial statements for the six months ended June 30, 2026. The Statutory Auditors have performed a limited review of these financial statements.

Francesco Milleri, Chairman and CEO, and Paul du Saillant, Deputy CEO at EssilorLuxottica commented: “We’re proud to report a successful first half, delivering nearly double-digit revenue growth while increasing adjusted operating profit by 15% at constant currency. Once again, our performance reflects the power of our strategy and our ability to execute with excellence as we continue to transform our industry. We drove strong momentum across all regions and businesses, fueled by our vision care and eyewear innovation and the expansion of our distribution network, with Top Charoen in Thailand further strengthening our global footprint. We made significant progress across our key growth drivers, from the acceleration of our myopia management portfolio to the sustained success of AI-powered wearables, driven by our iconic Ray-Ban and Oakley brands and our core expertise. While doing so, we continued to invest in the future, reinforcing our leadership to develop the next generation of intelligent optical systems through our partnership with Applied Materials. Supported by an increasingly integrated business and industrial platform, and as we double down on the capabilities and technologies that will shape the future of our industry, the dedication and talent of our colleagues around the world remain our greatest asset. With these foundations in place, we’ve never been better positioned to seize the opportunities ahead and accelerate our next chapter of growth”.

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FAQ

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How did EssilorLuxottica (ESLOY) perform financially in H1 2026?

EssilorLuxottica reported solid H1 2026 revenue growth of 9.7% at constant exchange rates and a 15% increase in adjusted operating profit. According to the company, adjusted operating margin reached 18.6%, or 18.9% at constant FX, reflecting improved profitability versus 2025.

What were EssilorLuxottica (ESLOY) Q2 2026 revenue and retail sales trends?

In Q2 2026, EssilorLuxottica’s revenue grew 8.7% at constant exchange rates and retail comparable-store sales increased 8.0%. According to the company, optical and sun banners contributed equally, with North America, EMEA and Latin America up high single digit and Asia-Pacific up double digits.

How profitable was EssilorLuxottica (ESLOY) in H1 2026?

EssilorLuxottica’s adjusted operating profit grew 15% at constant exchange rates in H1 2026, with margin expanding. According to the company, adjusted operating margin reached 18.6%, or 18.9% at constant FX, representing an 80 basis-point increase versus the prior year period.

What drove EssilorLuxottica (ESLOY) growth in myopia and AI glasses in Q2 2026?

EssilorLuxottica’s myopia portfolio revenue grew 24% in Q2 2026, while AI glasses nearly doubled. According to the company, these growth engines were supported by vision care and eyewear innovation, including AI-powered wearables under the Ray-Ban and Oakley brands and related expertise.

How much free cash flow did EssilorLuxottica (ESLOY) generate in H1 2026?

EssilorLuxottica generated free cash flow of €1.07 billion in H1 2026, exceeding the prior year. According to the company, this represented more than €100 million above 2025, highlighting strong cash generation alongside revenue growth and improved adjusted operating profitability.

What is the new Applied Materials partnership announced by EssilorLuxottica (ESLOY)?

EssilorLuxottica started a strategic partnership with Applied Materials focused on new generations of intelligent optical systems. According to the company, this collaboration supports investment in future technologies and reinforces its leadership in developing advanced optical solutions and integrated business and industrial platforms.

EssilorLuxottica: Q2/H1 2026 Results - Solid revenue trajectory at +9.7% in H1, with Q2 at +8.7%. Increasing profitability, with Adj. Operating Profit +15%.