Safran earnings date and guidance
MyStockButler's October 2026 analysis: Safran's next results are expected on February 9, 2027. The key thing to watch is whether engine growth becomes completed work, recognised profit and collected cash.
What has Safran guided for 2026?
Management expects recurring operating income of €6.4–6.5 billion for 2026. It expects free cash flow of €4.7–4.9 billion, including a €500 million French corporate surtax. Recurring operating income is profit from ongoing operations before financing and tax; free cash flow is the cash left after operations, investment and working-capital changes.
| Period | Low | High | Given on | |
|---|---|---|---|---|
| Recurring operating income | Year to Dec 2026 | 6,400 | 6,500 | Oct 23, 2026 |
| Free Cash Flow | Year to Dec 2026 | 4,700 | 4,900 | Oct 23, 2026 |
| EUR/USD spot rate | Year to Dec 2026 | 1.15 | 1.15 | Oct 23, 2026 |
| EUR/USD hedge rate | Year to Dec 2026 | 1.12 | 1.12 | Oct 23, 2026 |
| Revenue growth | Year to Dec 2026 | Oct 23, 2026 | ||
| LEAP engine deliveries | Year to Dec 2026 | Oct 23, 2026 |
What this means. Revenue growth is described as “up mid-teens,” meaning sales are expected to rise by roughly 13% to 17%, not by an exact amount.
Did Safran keep its past promises?
For 2026, management targets €6.4–6.5 billion of recurring operating income and €4.7–4.9 billion of free cash flow. That includes the €500 million French corporate surtax. By 2028, it targets €7.0–7.5 billion of recurring operating income and about €21 billion of cumulative free cash flow from 2024 through 2028. Free cash flow met or exceeded guidance in all 4 assessed years. LEAP deliveries were below guidance in 2 of 4.
| What management forecast | Checked | Above | Within | Below |
|---|---|---|---|---|
| Revenue | 4 years | 1 | 1 | 2 |
| Free cash flow | 4 years | 2 | 2 | 0 |
| LEAP engine deliveries | 4 years | 1 | 1 | 2 |
What this means. The three out of five score is a separate summary of five promises, while the table checks four years for each of three measures.
What has Safran's revenue and profit done over the last eight reported periods?
Safran’s October 23, 2026 release reported Q3 adjusted revenue of €9.00 billion, up 14.7%. Organic growth was 13.4%. Statutory revenue was €8.89 billion. It was a revenue update, not a full quarterly earnings or cash-flow report.
| 6 months to Jun 2026 | 6 months to Dec 2025 | 6 months to Jun 2025 | 6 months to Dec 2024 | 6 months to Jun 2024 | 6 months to Dec 2023 | 6 months to Jun 2023 | 6 months to Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 17,245 | 16,324 | 14,865 | 14,512 | 13,204 | 12,522 | 11,129 | 10,848 |
| Operating income | 2,459 | 1,877 | 2,431 | 2,248 | 1,944 | 1,449 | 1,349 | 1,167 |
| Net income | 1,750 | 2,132 | 5,045 | -724 | 57 | 1,581 | 1,863 | 1,303 |
| EPS, diluted | 4.21 | 5.10 | 12.07 | -1.73 | 0.13 | 3.78 | 4.29 | 3.05 |
What this means. Free cash flow is missing for the two latest periods, and earlier figures also subtract lease payments even though the definition mentions only equipment spending.
What should people watch in Safran's next results?
The next scheduled event is the December 3, 2026 IFRS 18 workshop, which addresses changes in financial presentation. The more important operating checkpoint is February 9, 2027, when full-year 2026 results will show whether the raised profit and cash promises were achieved.