EssilorLuxottica's smart glasses boost stock, add $20B in value
EssilorLuxottica's shares jumped 14% to a record on Friday, adding nearly $20 billion to its value.
The big boost came from strong sales of their AI-powered Ray-Ban Meta smart glasses, which contributed significantly to third-quarter revenue growth, pushing it up 12% to €6.87 billion.
Smart glasses now seen as major growth driver for EssilorLuxottica
Smart glasses are quickly becoming more than just a tech trend—they added over four points to the company's growth this quarter alone.
Analysts now see wearables as a major driver for EssilorLuxottica's future, and Barclays predicts global smart glasses sales could hit 60 million units by 2035.
Tech giants are re-entering the smart glasses space
Ray-Ban Meta's success has brought smart glasses back into the spotlight, after earlier attempts by big tech fizzled out.
Now, companies like Google, Samsung, and Apple are jumping back in with their own AI-powered glasses to meet rising demand.
This surge also helped lift the Stoxx Europe Luxury 10 index by over 7% this week—the biggest jump since January 2025.