Leonardo stock reports 45 percent order growth after H1 results
Published on 10/04/2026 at 16:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Leonardo (ISIN IT0003856405) was last at EUR 47.39 on Euronext Milan on October 2, 2026 at 5:35 p.m. CEST, after the company reported EUR 16 billion in first-half orders, up 45 percent year over year. Leonardo published the figures on July 30, 2026, alongside an upgraded 2026 outlook for orders, EBITA and free operating cash flow.
Orders lead the first half
The order figure is the clearest operating signal in Leonardo's latest report. According to Leonardo, first-half revenue reached EUR 10 billion, an increase of 12 percent from the comparable period, while EBITA rose to EUR 780 million, up 34 percent.
The combination gives the stock two different signals. Orders grew faster than revenue, indicating that demand entered the order book ahead of sales recognition, while the EBITA increase outpaced revenue growth and points to operating leverage in the reported period.
Consensus stays above the market
Analyst expectations remain higher than the latest Milan quotation. MarketScreener lists an Outperform mean consensus from 19 analysts and an average target of EUR 69.41, compared with a last close of EUR 50.45 in its September 15, 2026 report. The same source says BNP Paribas raised its rating from Neutral to Outperform and lifted its target from EUR 65 to EUR 67.
Using the October 2 price of EUR 47.39 as the market reference, the EUR 69.41 average target lies 46.47 percent above the share price. The gap is an expectation measure, not a forecast made in this article, and it leaves execution of the upgraded 2026 plan as the central variable.
Stock remains below its yearly high
Leonardo's EUR 47.39 price was 28.49 percent below its 52-week high of EUR 66.26 and EUR 3.14 above its 52-week low of EUR 44.25. Trading volume reached 1,970,825 shares on October 2, while market capitalization stood at EUR 27.3 billion.
The next scheduled company checkpoint is the nine-month 2026 results date of November 5, 2026, listed in Leonardo's investor calendar. That event will show whether the first-half order acceleration is translating into the revenue and cash-flow trajectory behind the upgraded guidance.
Leonardo stock trades at EUR 47.39
Leonardo stock was last at EUR 47.39 on Euronext Milan on October 2, 2026 at 5:35 p.m. CEST, with the session change at -0.86 percent.
Leonardo stock at a glance
- Company: Leonardo S.p.A.
- ISIN: IT0003856405
- Ticker: LDO
- Trading venue: Euronext Milan
- Price (as of October 2, 2026, 5:35 p.m. CEST): EUR 47.39
- Market capitalization: EUR 27.3 billion (as of October 2, 2026)
- 52-week range: EUR 44.25-EUR 66.26 (as of October 2, 2026)
- Sector / Industry: Industrials / Aerospace and Defense
- Index membership: FTSE MIB
Upcoming dates for Leonardo stock
- November 5, 2026: Nine-month 2026 results
