Safran SA Earnings Recaps
Q2 2026
Jul 30, 2026
Safran’s shares rose modestly by 2.0% post-earnings, reflecting a broadly in-line result with a strong civil engine aftermarket and robust volume ramps but with no major upside surprise to push the stock higher.
Key takeaways
- Revenue grew 20% organically to EUR 17.6 billion, driven by increased civil engine deliveries and aftermarket services.
- Recurring operating income rose 29% to EUR 3.2 billion, translating into a record 18.4% operating margin.
- Free cash flow improved 43% to EUR 2.6 billion, supported by operational leverage and working capital management.
- LEAP engine deliveries surged 41% year-over-year with continued ramp-up and expanding third-party maintenance activity.
- Management raised full-year guidance reflecting strong visibility but geopolitical risks remain a backdrop.