Michelin stock holds near 33.88 EUR after H1 guidance

Published on 09/10/2026 at 13:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Michelin stock traded at 33.88 EUR on September 10, 2026, after a 2.6 percent drop in H1 revenue to EUR 12.687 billion. Segment operating margin was 11.4 percent.

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Michelin stock (FR001400AJ45) traded at 33.88 EUR on Euronext Paris on September 10, 2026, after the share added 0.36 percent and closed the last session at 33.76 EUR. The move follows Michelin's first-half 2026 report, which confirmed full-year guidance and showed revenue of EUR 12.687 billion.

First-half numbers

According to StockTitan on July 27, 2026, Michelin reported first-half revenue of EUR 12.687 billion, down 2.6 percent year on year, while segment operating income came in at EUR 1.446 billion. The segment operating margin improved to 11.4 percent from 11.1 percent a year earlier.

According to StockTitan, free cash flow before acquisitions improved to EUR 282 million from minus EUR 102 million in the first half of 2025, and net income reached EUR 766 million. Michelin also confirmed 2026 guidance for segment operating income growth at constant scope and forex and for more than EUR 1.6 billion in free cash flow before M&A.

Stock and consensus

On Boursorama's Euronext Paris page for Michelin, the 5-day move shows a decline of 2.78 percent, the one-year gain stands at 7.57 percent, and the stock's 52-week range runs from 25.5100 EUR to 38.9250 EUR. The same page lists an analyst consensus target of 35.25 EUR as of August 18, 2026, with the current quote still below that level.

For investors, the key point is the gap between the share price and the range high: 33.88 EUR is 13.38 percent below 38.9250 EUR, while the first-half margin has stayed above 11 percent. The next visible date on the investor calendar is October 20, 2026 for third-quarter revenue.

Calendar and level

Michelin stock ended the last completed session at 33.76 EUR on September 9, 2026, and the latest intraday reading in the Boursorama order book showed 33.88 EUR on September 10, 2026. Market interest remains anchored to the EUR 35.25 consensus target and to the October 20, 2026 sales update.