Michelin stock: Q3 growth accelerates as 2026 guidance holds
Published on 10/30/2026 at 03:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSMichelin's latest financial position
- Michelin reported revenue of EUR 19.2 billion for the first nine months of 2026.
- Management continues to target higher segment operating income and more than EUR 1.6 billion in free cash flow before acquisitions.
Michelin's third-quarter growth accelerated while the group maintained its 2026 outlook, according to the company's financial information published on October 20, 2026. The company reported EUR 19.2 billion in revenue for the first nine months and said third-quarter revenue grew 2.2% at constant exchange rates.
Growth improved in the third quarter
Revenue increased 0.8% in the third quarter at constant exchange rates and scope. For the nine-month period, growth was 1.0% at constant exchange rates and 0.1% at constant exchange rates and scope.
Michelin said tire volumes declined 0.8%, mainly because of lower original-equipment sales. The MICHELIN brand was more resilient: replacement volumes were up 4% at the end of September. A 1.1% price-mix effect also supported the reported performance, including a 1.6% contribution from mix.
Segments show different trends
The Consumer segment generated EUR 10.4 billion in revenue during the first nine months, down 1.0% year on year, while quarterly revenue rose 2.2%. Transportation revenue fell 3.7% for the period but increased 1.7% in the third quarter. The Specialties segment declined 0.9% on a reported basis, while Polymer Composite Solutions revenue rose 21.9% to EUR 1.15 billion, helped by acquisitions.
Guidance remains unchanged
Michelin continues to target growth in segment operating income at constant exchange rates and scope compared with 2025. It also expects more than EUR 1.6 billion in free cash flow before mergers and acquisitions. The guidance is an outlook rather than a reported result.
At Lang & Schwarz, the share was quoted at EUR 32.06 on October 29, 2026, at 22:59:55 Berlin time. The bid was EUR 31.91 and the ask EUR 32.20. A verified Xetra closing comparison is not included.
Investors can consult the real-time quote of Michelin stock for the latest market data.
Michelin company facts
- Company: Michelin
- ISIN: FR001400AJ45
- Quote: EUR 32.06 at Lang & Schwarz, October 29, 2026, 22:59:55 Berlin time
- Reported period: Nine months ended September 30, 2026
- Outlook: Higher segment operating income and more than EUR 1.6 billion free cash flow before acquisitions
The broader French market can be followed through the CAC 40 market overview.
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