Leonardo stock falls 1.21 percent as H1 orders rise 45 percent
Published on 10/07/2026 at 14:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Leonardo (ISIN IT0003856405) stock was trading at EUR 46.65 on Borsa Italiana at 2:00 p.m. CEST on October 7, 2026, down 1.21 percent from the previous close. The company enters the next reporting phase with first-half orders of EUR 16 billion, up 45 percent year over year, according to Leonardo.
H1 orders set the scale
Leonardo's first-half 2026 revenue reached EUR 10 billion, an increase of 12 percent from the prior-year period. EBITA was EUR 780 million, up 34 percent year over year, while free operating cash flow was negative EUR 249 million, with the figures published in the company's H1 results materials.
The combination matters because orders grew faster than revenue. That spread points to a larger future workload, although the negative free operating cash flow shows that order conversion still carries a cash cost during the first half.
DDX adds a long-cycle contract
On September 24, 2026, Orizzonte Sistemi Navali signed a EUR 3.7 billion contract with OCCAR for two DDX destroyers for the Italian Navy. According to Leonardo, the joint venture will allocate EUR 1.7 billion to Leonardo and EUR 1.8 billion to Fincantieri.
Leonardo owns 49 percent of the joint venture, while Fincantieri owns 51 percent. The program therefore adds a substantial defense-electronics opportunity, but its revenue contribution is long dated because the first vessel is scheduled for delivery in 2033 and the second in 2035, as Reuters reported on September 24, 2026.
Price stays below yearly high
At EUR 46.65 on October 7, 2026, Leonardo stock stood EUR 19.61 below its 52-week high of EUR 66.26 and EUR 2.40 above its 52-week low of EUR 44.25. Its market capitalization was EUR 26.9 billion and volume stood at 622,037 shares at the same time.
The next scheduled checkpoint is the nine-month 2026 report on November 6, 2026, listed in Leonardo's financial calendar. For investors, the central contrast is clear: contract visibility and order growth are improving, while cash flow and the distance to the yearly high remain immediate measures of execution.
Leonardo stock trades at EUR 46.65
Leonardo stock was last at EUR 46.65 on Borsa Italiana at 2:00 p.m. CEST on October 7, 2026, with a daily change of minus 1.21 percent.
Leonardo stock facts
- Company: Leonardo S.p.A.
- ISIN: IT0003856405
- Ticker: LDO
- Trading venue: Borsa Italiana
- Price (as of October 7, 2026, 2:00 p.m. CEST): EUR 46.65
- Market capitalization: EUR 26.9 billion (as of October 7, 2026)
- 52-week range: EUR 44.25-66.26 (as of October 7, 2026)
- Sector / Industry: Industrials / Aerospace and Defense
- Index membership: FTSE-MIB
Upcoming dates for Leonardo stock
- November 6, 2026: Results at September 30, 2026
