Terna confirmed 2026 guidance: Terna stock stood 13.26 percent below its yearly high

Published on 10/08/2026 at 11:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 12.00 percent to EUR 2.1 billion in first-half 2026. Terna stock costs EUR 9.03 on October 8, 2026 versus EUR 9.11.

Makro Hochspannungskabel Tautropfen Terna - Rete Elettrica Nazionale IT0003242622 — Terna - Rete Elettrica Nazionale IT0003242622 Makro-Fotografie zeigt geflochtenes Hochspannungskabel mit Tautropfen und Keramik-Isolator, Illustration mit AI erstellt.

Terna stock (ISIN IT0003242622) was trading at EUR 9.03 at Lang & Schwarz on October 8, 2026 at 11:07 a.m. CEST, down 0.88 percent versus the EUR 9.11 prior close. Management had confirmed full-year 2026 guidance in an earnings update dated September 25, 2026, according to The Globe and Mail.

Guidance follows stronger first-half figures

The guidance confirmation came after Terna reported higher first-half 2026 revenue and operating earnings. The company generated EUR 2.1 billion of revenue in the period, an increase of 12.00 percent from first-half 2025, while group EBITDA reached EUR 1.5 billion, up 8.00 percent year over year, according to Yahoo Finance in the first-half results transcript.

The same transcript showed group net income of EUR 591.2 million for the first half of 2026, up 1.00 percent from the comparable period. Excluding the higher temporary tax charge, management said net income would have increased 4.00 percent, making the tax effect an important part of the comparison.

Investment growth raises the execution bar

Terna invested EUR 1.6 billion in capital expenditure during the first half of 2026, an increase of 20.00 percent from the same period of 2025. The transcript said 92.00 percent of projects in the business plan had contract awards and 93.00 percent had completed the authorization process, supporting the visibility behind the guidance.

Net debt stood at EUR 12.6 billion at the end of June 2026, EUR 0.5 billion below the 2025 year-end level. That combination of heavier investment and lower net debt gives the guidance a measurable operating base, while the planned grid expansion remains dependent on project execution and regulatory conditions.

Stock remains below its yearly high

Finance data placed Terna's market capitalization at EUR 18.1 billion on October 8, 2026, with a 52-week range of EUR 8.67 to EUR 10.41. At EUR 9.03, the Lang & Schwarz price stood 13.26 percent below the 52-week high, calculated from the same euro price range. InvestPane lists November 12, 2026 as the next earnings date.

Terna is listed as TRN.MI on Borsa Italiana under ISIN IT0003242622, and its business centers on electricity transmission and dispatching in Italy, according to Global Banking & Finance. The further course of trading is shown by the continuously updated real-time quote of Terna stock.