Pirelli approves EUR 1 billion US expansion and Pirelli stock sits 8.79 percent below its high

Published on 10/02/2026 at 13:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Net income rose 13.30 percent to EUR 299 million in the first half of 2026. Pirelli stock costs EUR 6.54 on October 2, 2026 after EUR 6.60.

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Pirelli stock (ISIN IT0005278236) was trading at EUR 6.54 at Lang & Schwarz on October 2, 2026 at 1:07 p.m. CEST, down 0.91 percent from the prior close of EUR 6.60. On September 22, 2026, Pirelli approved a EUR 1 billion US expansion plan, leaving the stock 8.79 percent below its 52-week high of EUR 7.17.

US expansion starts in 2027

According to Pirelli on September 22, 2026, the multiyear project will expand the Rome, Georgia, plant and begin in 2027. The company expects annual capacity to reach 6 million car tires by 2033, including Cyber Tyre technology, with 1,000 new jobs.

The project is aimed at the High Value segment in the United States, which represents 40 percent of global volumes in that category, according to the company release. Pirelli said the investment will not change its 2026 targets, while the capital expenditure-to-revenue ratio for 2027 through 2033 is expected to remain broadly in line with prior periods.

Profit growth supports the plan

In the first half of 2026, Pirelli generated revenue of EUR 3.494 billion, with organic growth of 2.50 percent from the same period of 2025. Adjusted EBIT reached EUR 557.8 million and the adjusted EBIT margin held at 16 percent, while net income increased 13.30 percent to EUR 299 million, Rankia reported.

The financial profile gives the US project a measurable operating backdrop: Pirelli is investing while preserving its 2026 objectives and maintaining a 16 percent adjusted EBIT margin in the first half. The plan therefore adds capacity over several years rather than changing the current-year earnings framework.

Analyst target reaches EUR 6.70

Equita raised its Pirelli price target to EUR 6.70 per share and kept a Buy recommendation on September 23, 2026, according to Teleborsa. The broker said the US initiative could reduce logistics costs and tariff exposure because 40 percent of US volumes are imported from Europe and Brazil.

At EUR 6.54, the Lang & Schwarz price is EUR 0.16 below Equita's target, while the broader 52-week range runs from EUR 5.31 to EUR 7.17. Pirelli's market capitalization was EUR 7.1 billion as of October 2, 2026.

The stock stays below its yearly high

Pirelli stock was trading at EUR 6.54 at Lang & Schwarz on October 2, 2026 at 1:07 p.m. CEST, minus 0.91 percent versus the Lang & Schwarz prior close of EUR 6.60 on October 1, 2026. The further course of trading is shown by the continuously updated real-time quote of Pirelli stock.