EssilorLuxottica Stock - New AR eyewear pact with Applied Materials
Published on 06/17/2026 at 16:31 | Editorial responsibility: Rafael MĂĽller, Editor-in-Chief AD HOC NEWS
Edited by ad hoc news Operations & Strategy Desk. Verified prior to publication on 06/17/2026, 16:30 CET. Details in the imprint.
EssilorLuxottica (FR0000033219) has agreed a long-term joint development deal with US semiconductor equipment maker Applied Materials to push next-generation optics for augmented reality and AI-powered smart eyewear. The two groups announced the partnership on 06/16/2026 in a joint statement from Paris and Santa Clara according to a GLOBE NEWSWIRE release.
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Details of the AR optics agreement
The agreement aims to accelerate commercialization of intelligent optical systems used in augmented reality and smart glasses, combining EssilorLuxottica’s eyewear and lens expertise with Applied Materials’ strengths in advanced materials engineering and precision manufacturing equipment.
Both companies plan to establish a dedicated research and development program to improve optical components, reduce size and weight of AR modules and support higher-volume production as the technology matures.
Operational and strategy angle on Wednesday
Strategically, the deal deepens EssilorLuxottica’s push beyond conventional lenses and frames into connected eyewear and digital health, an area the group has highlighted repeatedly in its recent presentations to investors.
Operationally, partnering with a large US technology supplier can help secure access to cutting-edge deposition and patterning technologies that are difficult to develop in-house, potentially shortening time-to-market for future smart glasses platforms.
How the company makes money
EssilorLuxottica generates most of its revenue by designing, manufacturing and distributing ophthalmic lenses and branded eyewear, including Ray-Ban and Oakley frames and sunglasses, and by running wholesale and retail distribution networks that sell prescription glasses and sunglasses globally.
Where the stock trades today
The shares of EssilorLuxottica (FR0000033219) trade on Euronext Paris at EUR 183.55 as of 06/17/2026, 16:30 CET.
EssilorLuxottica at a glance
- Company: EssilorLuxottica S.A.
- ISIN: FR0000033219
- WKN: 863195
- Ticker: EL
- Venue: Euronext Paris
- Price (as of 06/17/2026, 16:30 CET): 183.55 EUR
- Market cap: 81,000,000,000 EUR (as of 06/17/2026)
- Sector / Industry: Consumer Discretionary / Apparel, Accessories & Luxury Goods
- Index membership: CAC 40, Stoxx Europe 600
- Next earnings date: 07/25/2026
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