Safran stock follows Texas expansion as 2026 guidance rises
Published on 10/03/2026 at 23:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Safran (ISIN FR0000073272) closed at EUR 330.10 on Euronext Paris on October 2, 2026, up 0.95 percent from the prior session. According to Safran on September 30, 2026, the group will double capacity at its Grand Prairie, Texas, facility by 2028.
Texas capacity doubles by 2028
The expansion targets turbojet engines for missiles and drones, including the TR40 family used in the Naval Strike Missile. Safran said the TR40 has delivered more than 1,200 units worldwide, giving the investment a concrete industrial base rather than a purely prospective defense angle.
The Texas project also broadens Safran's U.S. defense footprint, where the company has more than 11,000 employees across 71 sites in 25 states, according to the September 30 release. The capacity increase is scheduled to come online in 2028.
H1 growth lifts guidance
Safran's first-half 2026 revenue reached EUR 17.6 billion, up 20 percent organically and 19 percent on a reported basis. Recurring operating income rose 29 percent to EUR 3.2 billion, producing an adjusted operating margin of 18.4 percent, according to Yahoo Finance on July 28, 2026.
Free cash flow increased 43 percent to EUR 2.6 billion, while LEAP engine deliveries rose 41 percent year over year to 1,030 units. Management lifted 2026 revenue guidance to growth in the mid-teens and above EUR 36 billion, with recurring operating income guided at EUR 6.4 billion to EUR 6.5 billion.
Analyst target and next date
MarketScreener reported on September 10, 2026, that JPMorgan kept its Buy rating and raised its Safran price target from EUR 430 to EUR 460. The higher target puts the broker's valuation view above the October 2 market price, while the next scheduled reporting date is October 23, 2026, for third-quarter activity.
Stock stays below yearly high
Safran's October 2 price of EUR 330.10 was 8.43 percent below the 52-week high of EUR 360.50 and above the 52-week low of EUR 270.00. The stock's daily range was EUR 325.70 to EUR 336.30, keeping the latest close in the upper half of that session's trading band.
Safran stock at a glance
- Company: Safran S.A.
- ISIN: FR0000073272
- Ticker: SAF
- Trading venue: Euronext Paris
- Price: Closing price (October 2, 2026): EUR 330.10
- 52-week range: EUR 270.00-EUR 360.50 (as of October 2, 2026)
- Sector / Industry: Industrials / Aerospace and defense
- Index membership: CAC 40 and Euro Stoxx 50
- Next earnings date: October 23, 2026
