Safran Reports Strong Q1 Revenue Growth, Reaffirms 2026 Guidance

Safran SA has reported a significant uptick in its first-quarter financial performance, with total adjusted revenue reaching 8.624 billion euros. This represents an 18.8% increase compared to the 7.257 billion euros recorded during the same period last year. Consolidated revenue for the quarter stood at 8.488 billion euros. The growth was primarily fueled by organic expansion, which reached 23%, although currency headwinds resulted in an 8.5% decline on a constant currency basis. These results highlight the company's ability to scale its core operations despite volatile exchange rates. Segment performance was led by the Propulsion division, where revenues climbed 23.6% year-over-year to 4.552 billion euros, reflecting a robust 33.1% organic growth rate. The Equipment and Defense segment also showed strength, growing 21% on a reported basis to 3.367 billion euros, with organic growth of 13.5%. In contrast, Aircraft Interiors saw reported revenue drop 11.1% to 700 million euros, though it still managed a 9.2% organic increase. Looking ahead to fiscal 2026, Safran reaffirmed its financial targets, expecting revenue growth in the low to mid-teens. The company also maintained its recurring operating income guidance between 6.1 billion and 6.2 billion euros. Following the announcement, shares in Paris rose approximately 2.3% to trade at 278.70 euros.