First-half sales and operating profit beat Visible Alpha forecasts, even as orders dropped sharply from a year earlier amid no new Rafale bookings.
Dassault Aviation reported much stronger first-half 2026 sales and earnings than analysts expected, while order intake fell sharply from a year earlier. Adjusted net sales rose to EUR 4.157 billion from EUR 2.847 billion, ahead of the EUR 3.33 billion Visible Alpha consensus cited in the new report, and adjusted operating profit increased to EUR 330 million from EUR 180 million, above the EUR 243 million forecast. Orders in the period had already been reported at EUR 2.878 billion, down from EUR 8.075 billion a year earlier, with no new Rafale orders booked and Falcon demand remaining firmer. The company had previously said it maintained 2026 guidance for about EUR 8.5 billion in net sales, including 40 Falcon and 28 Rafale deliveries. Reported figures are adjusted for gains and losses from hedging instruments, foreign exchange derivatives and other items.