Safran SA (SAFRY) Q3 2026 Sales/Trading Call Transcript
The French aerospace-industry supplier said the metric was pushed higher by double-digit growth across its propulsion and equipment and defense units.
Safran posts slightly higher than expected Q3 sales
Safran SA remains a "Strong Buy", with upgraded guidance, record margins, and robust free cash flow amid resilient aftermarket demand. SAFRF's propulsion segment benefits from overlapping CFM56 and LEAP engine maintenance cycles, supporting durable aftermarket growth through 2028. Equipment & Defense segments are expanding, with higher aircraft production, defense contracts, and integration of Collins' actuation business driving mid-teens profitability targets.
MTU Aero Engines CEO Johannes Bussmann warned on Thursday that diverging French and German fighter aircraft requirements could threaten the company's engine partnership with France's Safran after the collapse of the Future Combat Air System (FCAS) programme.
The aerospace-industry supplier raised its full-year guidance, citing stronger-than-expected demand for LEAP civil aircraft engines and spare parts.
French jet engine maker Safran joined its partner GE Aerospace in raising financial targets after posting stronger-than-expected first-half profits on Tuesday.
Electra said on Wednesday it has signed a production agreement with France's Safran Helicopter Engines for turbogenerators, as the hybrid-electric aircraft startup looks to advance certification efforts.
French jet engine maker Safran is said to be studying a potential acquisition of sea-drone maker Exail Technologies , Bloomberg News reported on Friday.
Here is how Safran SA (SAFRY) and Spire Global, Inc. (SPIR) have performed compared to their sector so far this year.
Safran SA remains a strong buy, with a 27% upside to a $404.58 price target despite recent underperformance. Q1 revenues grew 18.8% to €8.6 billion, driven by robust LEAP engine and aftermarket sales, and solid defense demand. Guidance for 2026 is reaffirmed, projecting low to mid-teens revenue growth, €6.1–€6.2 billion operating income, and €4.4–€4.6 billion free cash flow.
Safran SA (SAFRY) Q1 2026 Sales/Trading Call Transcript