CD Projekt stock reports strong H1 profit growth and mixed targets

Published on 10/04/2026 at 13:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CD Projekt stock was last at PLN 253.50 on October 2, 2026, after strong H1 results. Q2 revenue rose 40 percent and net income increased 103 percent.

CD Projekt, PLOPTTC00011, Illustration mit AI erstellt.

CD Projekt stock (ISIN PLOPTTC00011) was last at PLN 253.50 on GPW on October 2, 2026, down 0.39 percent for the session. The company had already delivered a strong H1 2026 report, with sales revenue of PLN 435.3 million and net profit of PLN 249.1 million, according to CD Projekt on September 2, 2026.

Q2 profit growth sets the tone

The second quarter supplied the clearest operating comparison. Q2 revenue reached PLN 244.2 million, up 40 percent from PLN 174.4 million in Q2 2025, while net income climbed 103 percent to PLN 142.9 million from PLN 70.4 million.

Adjusted for the reporting format used by the source, earnings per share stood at PLN 1.43 in Q2 2026 versus PLN 0.70 a year earlier, and profit margin rose to 59 percent from 40 percent, according to Simply Wall St.

Analysts split over valuation

The earnings momentum has not produced a uniform valuation view. Markets Insider reported on September 22, 2026, that Citi maintained a Sell rating with a PLN 167.00 price target, while Morgan Stanley initiated coverage on September 9 with a Sell rating and a PLN 180.00 target.

A separate consensus table from Zonebourse lists Hold from 16 analysts and an average target of PLN 242.75. Against PLN 253.50, that target is 4.2 percent below the reference price, putting the market valuation above the published consensus anchor.

Q3 results are scheduled for November

Simply Wall St lists November 24, 2026, as the date for CD Projekt's Q3 2026 results. That upcoming report will test whether the H1 profitability profile can persist while the market weighs the gap between bullish operating figures and cautious analyst targets.

CD Projekt stock remains above PLN 250

CD Projekt stock was last at PLN 253.50 on GPW on October 2, 2026, with a market capitalization of PLN 25.3 billion and a daily change of minus 0.39 percent. The combination of strong H1 earnings and a consensus target below the market price leaves execution in the next reporting period as the central valuation checkpoint.