Leonardo stock rises on H1 orders and upgraded guidance
Published on 08/21/2026 at 16:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Leonardo stock is trading at EUR 58.47 as the company reported H1 2026 results with new orders of EUR 16 billion, revenue of EUR 10 billion and EBITA of EUR 780 million on August 21, 2026.
Orders, revenue and cash flow
The order book update stands out: new orders rose 45% year over year to EUR 16 billion, while revenue increased 12% to EUR 10 billion and EBITA climbed 34% to EUR 780 million. Free operating cash flow was EUR -249 million, a 39% change from the prior period, and FY 2026 guidance was upgraded on orders, EBITA and FOCF.
For investors, the mix matters more than the headline price move. The same release shows a group that is still funding growth while converting a larger order intake into a stronger earnings run-rate.
Market level today
The shares closed at EUR 58.47, down 1.17%, with a session range of EUR 58.34 to EUR 59.96 and volume of 1,127,378 shares on August 21, 2026. The market cap stood at EUR 33.731 billion, while the 52-week range ran from EUR 43.15 to EUR 66.26.
The comparison is also clear on the chart: the stock is up 18.94% year to date, even after a 2.13% drop over five days. That keeps the current price well above the 52-week low and below the recent high.
Consensus and valuation
On the same market page, the average analyst target is EUR 69.31, with a high of EUR 82.00 and a low of EUR 60.00. The stock trades at a trailing P/E of 30.32 and a forward P/E of 23.70, which leaves valuation tied closely to execution on the upgraded guidance.
RUAS program
Leonardo's RUAS demonstration for the Italian Ministry of Defence adds a concrete product angle to the numbers. The program underlines the group's exposure to helicopters and unmanned systems, two areas that sit alongside defense electronics, aircraft and space in the company's portfolio.
Price close
Leonardo stock finished at EUR 58.47 on August 21, 2026, with a market cap of EUR 33.731 billion and a 52-week range of EUR 43.15 to EUR 66.26.
Fact box
Company: Leonardo S.p.a.
ISIN: IT0003856405
Ticker: LDO.MI
Exchange: Milan
Price (as of August 21, 2026, 5:35 p.m. GMT+2): EUR 58.47
Market cap: EUR 33.731 billion (as of August 18, 2026)
Sector / Industry: Industrials / Aerospace & Defense
Index membership: FTSE MIB
Next earnings date: July 31, 2026
More on Leonardo stock
Leonardo's portfolio spans helicopters, defense electronics, cyber security, aircraft and space systems, which gives the group several routes to translate higher orders into revenue. The RUAS program shows how those units can also connect to unmanned aviation and defense modernization.
