Michelin stock heads toward its October 20 sales update
Published on 10/04/2026 at 21:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Michelin stock (ISIN FR001400AJ45) was last at EUR 33.02 on Euronext Paris on October 2, 2026, down 0.24 percent from the previous session. The next company checkpoint is October 20, 2026, when Michelin is scheduled to publish third-quarter and nine-month sales, according to Michelin.
October 20 date sets the next test
The sales release will test whether Michelin can turn the operational improvement reported for the first half into stronger volume momentum. The October 20 date is especially relevant because Deutsche Bank's October 2 preview points to low comparison bases after inventory reduction in the United States.
According to Aktiencheck on October 2, 2026, Deutsche Bank Research maintained its Buy rating and EUR 37 price target for Michelin. That target stands EUR 3.98 above the October 2 price, a 12.05 percent premium.
Half year margin reached 11.4 percent
Michelin's first-half revenue reached EUR 12.7 billion, with reported revenue down 2.6 percent because of currency effects. At constant exchange rates, revenue increased 0.5 percent, showing the difference between underlying activity and the reported euro figure, according to Yahoo Finance in its July 27, 2026 earnings-call transcript.
Segment operating income reached EUR 1.45 billion, up 7 percent at constant exchange rates and scope, while the segment operating margin improved to 11.4 percent from the prior year's level. Michelin also reaffirmed its objective of generating more than EUR 1.6 billion in free cash flow before mergers and acquisitions, Yahoo Finance reported from the call.
Stock stays below yearly high
The October 2 price was EUR 2.70 below Michelin's 52-week high of EUR 35.72 and 29.4 percent above the 52-week low of EUR 25.51. The share therefore sits 7.56 percent below the upper end of its current annual range, giving the October 20 sales figures a clear valuation backdrop.
The published consensus target is EUR 35.75, which places the target EUR 2.73 above the October 2 price, or 8.27 percent higher, according to Boursorama as of October 3, 2026. For investors, the central question is whether sales growth and the 11.4 percent first-half margin can support that market expectation.
Michelin stock at EUR 33.02
Michelin stock was last at EUR 33.02 on Euronext Paris on October 2, 2026 at 5:38 p.m. CEST, with volume of 1,461,939 shares. Market capitalization was EUR 22.4 billion at the same quote timestamp.
Michelin stock key facts
- Company: Compagnie Générale des Établissements Michelin Société en commandite par actions
- ISIN: FR001400AJ45
- Ticker: ML
- Trading venue: Euronext Paris
- Price as of October 2, 2026, 5:38 p.m. CEST: EUR 33.02
- Market capitalization: EUR 22.4 billion (as of October 2, 2026)
- 52-week range: EUR 25.51-35.72 (as of October 2, 2026)
- Sector / Industry: Consumer Discretionary / Tires
- Index membership: CAC 40
Upcoming dates for Michelin stock
- October 20, 2026: Third-quarter and nine-month sales
