Safran sees FY at upper end after Q1 revenue beats forecasts

(Sharecast News) - French jet engine maker Safran said it expected full year earnings to be at the upper end of guidance after first-quarter revenue beat estimates. First-quarter adjusted revenue rose 18.8% to €8.62bn, clearing forecasts of €8.28bn.

"The beginning of 2026 saw an extremely strong pace in civil engine activities, with LEAP engine deliveries surging by more than 60% and sales of spare parts and services rising by 29% and 43% respectively," said CEO Olivier Andriès.

"Order intake for defense activities continued its good momentum, driven by strong demand, notably throughout Europe."

"Despite current uncertainties related to the conflict in the Middle East, first quarter performance in both the civil aerospace and defence sectors reinforces our confidence in our ability to reach the high end of our full-year guidance."

Safran expects 2026 revenue to rise by a low- to mid-teens percentage, with recurring operating income of €6.1bn - €6.2bn.

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