Magento 2 Page Speed Optimization improves user experience and boosts conversions. Utilize Varnish Cache, Redis, and CDN to reduce load times. Optimize images using WebP format and enable lazy loading. Minimize CSS, JavaScript, and HTML using built-in merge & minify options. Enable full-page caching and server-side compression with Gzip or Brotli. With Magento 2 Page Speed Optimization, you can upgrade to the latest PHP versions for better performance. Implement asynchronous indexing and optimize database queries.