Thales Reports Strong Q1 Growth, Confirms Long-Term Targets

Thales (TCFP.PA) has announced a robust start to the fiscal year, reporting first-quarter sales of 5.32 billion euros. This represents a notable increase from the 4.96 billion euros recorded during the same period in 2025. The organic growth rate of 9.7% underscores the company's operational resilience and the sustained demand for its security and aerospace technologies. This performance aligns with broader global trends of increased defense spending and accelerated digital transformation. Beyond top-line sales, the company highlighted a strong pipeline of future work. Order intake for the first quarter climbed to 4.65 billion euros, marking a 27% increase when adjusted for constant scope and exchange rates. This surge in new contracts provides significant revenue visibility for the coming quarters. By confirming its 2026 targets, Thales provides investors with a clear trajectory for long-term growth. The combination of rising sales and a sharp increase in new orders suggests a healthy operational momentum that is likely to support the company's valuation in the short to medium term.