Paris, Feb 12, 2026, 12:21 CET — The session is underway as scheduled.
- Shares of EssilorLuxottica climbed roughly 3.9% in Paris by midday following the release of their full-year results
- The Ray-Ban maker highlighted faster smartglasses sales and unveiled a new five-year growth plan
- The company is proposing a dividend of 4.00 euros per share, with the annual meeting scheduled for April 28
EssilorLuxottica shares climbed Thursday, building on a strong post-earnings rally that sent the stock close to the top of its intraday range. The price hit 276.00 euros at one point before settling at 260.50 euros, marking a 3.9% gain from Wednesday’s close.
This reaction is crucial since the group’s growth is moving away from traditional frames and lenses toward “wearables” and eye-care services. Investors have been digging into what this shift means for profit margins. Plus, Thursday’s drop hits after the stock had already anticipated plenty of good news.
EssilorLuxottica jumped about 5.9% near 0900 GMT, driven by a JPMorgan note that called its 2025 outlook “solid,” highlighting gains in connected wearables and a safer margin profile. According to Reuters, the stock is trading at roughly 33 times expected earnings over the next year, compared to 23 times for Alcon and 18 times for Cooper Companies. Boursorama
Late Wednesday, the owner of Ray-Ban and Oakley reported an 18.4% jump in fourth-quarter revenue at constant exchange rates, hitting 7.60 billion euros. For the full year, revenue climbed 11.2% to 28.491 billion euros, again at constant exchange rates. The company noted that sales of its “AI-glasses” surpassed 7 million units in 2025. It also proposed a 4.00-euro dividend, with shareholders set to vote on April 28 and an ex-dividend date scheduled for May 5. EssilorLuxottica
The company reported an adjusted operating margin of 16.0% at constant exchange rates, noting that U.S. tariffs and increased smartglasses production weighed on results. Despite revenue growth, net profit under IFRS dropped 1.9%, landing at 2.315 billion euros.
Chairman and CEO Francesco Milleri reported the group achieved double-digit sales growth at constant currency for the year, even as it poured investment into its upcoming product lineup amid an “uncertain” macro environment and trade tariff challenges. Deputy CEO Paul du Saillant reiterated this in the earnings release. EssilorLuxottica
EssilorLuxottica positioned its smartglasses venture, created in partnership with Meta, as a key new pillar alongside hearing-aid eyewear and expansion into medtech and clinical services. The firm laid out a fresh five-year plan targeting steady revenue growth, with adjusted operating profit expected to follow suit at constant exchange rates.
The dividend plan, offering shareholders the choice between cash or shares, now centers attention on the April annual meeting following a turbulent few sessions. The company confirmed that, if approved, dividends will be paid starting June 3.
Here’s the catch for bulls: the company has warned investors that tariffs and product mix are cutting into profits. That strain could intensify if trade restrictions expand or demand shifts toward lower-margin products. Given the stock trades at a premium compared to peers, even minor setbacks could hit the price fast.
Investors are set to eye first-quarter revenue on April 22 closely, looking for clearer signals on tariff impact, smartglasses profit margins, and whether the company can sustain strong growth without sacrificing margin.
