EssilorLuxottica stock falls 3.5 percent on AI glasses news

EssilorLuxottica stock stood at EUR 144.70 on Euronext Paris on September 24, 2026, down EUR 5.25 or 3.50 percent. The decline followed the launch of new camera-free and next-generation AI glasses with Meta, while Citi kept its buy rating and expressed caution about second-half growth, as Investing.com reported on September 24, 2026.

AI glasses face a tougher test

EssilorLuxottica and Meta introduced a camera-free Ray-Ban Meta Audio range, next-generation Ray-Ban Meta Gen 3 glasses, new frame styles and lower-priced models, according to Investing.com. The products are planned for additional international markets, giving EssilorLuxottica a wider route to scale its smart-glasses business.

Citi said the new features and lower price points could support adoption, but it also described the announcements as largely expected and cited difficult comparisons for the second half of 2026, according to Investing.com. That split matters for the stock: the product pipeline remains a growth asset, while the market is demanding evidence that new launches can offset tougher comparisons.

Q2 revenue rose 5.7 percent

EssilorLuxottica reported Q2 2026 revenue of EUR 14.82 billion, up from EUR 14.02 billion in Q2 2025, while net profit increased to EUR 1.57 billion from EUR 1.39 billion, according to The Globe and Mail. The revenue comparison equals 5.7 percent growth, while the net profit comparison equals 12.9 percent growth.

Analyst expectations have become more selective. MarketScreener reported on September 22, 2026, that RBC maintained a positive rating but cut its price target from EUR 230 to EUR 190. The revision places greater weight on execution and earnings conversion than on the launch headlines alone.

Stock sits near its yearly low

At EUR 144.70 on September 24, 2026, the stock was 4.63 percent above its 52-week low of EUR 138.30 and 55.31 percent below its 52-week high of EUR 323.80. Its market capitalization was EUR 66,502,900,902 on the same date, making the 3.50 percent daily decline a material move against a still elevated valuation base.