The French aerospace supplier increased its annual revenue and recurring operating profit outlook as demand for LEAP civil aircraft engines and spare parts continued to outpace expectations.
Safran lifted its financial targets after reporting stronger-than-expected first-half results, helped by robust demand for civil engine spare parts and LEAP civil aircraft engines. The French jet engine maker said recurring operating profit rose 29% to €3.24 billion on revenue of €17.57 billion, both ahead of analyst expectations of €3.06 billion and €17.47 billion respectively. Its first-half operating margin reached a record 18.4%. The company, which co-owns the CFM engine joint venture with GE Aerospace, said spare-parts sales for civil engines increased 27.9% in dollar terms. CFM continues to benefit from maintenance work on CFM56 engines, which still power thousands of aircraft even after being succeeded by LEAP on current narrow-body deliveries. Safran now expects full-year revenue to grow by a figure in the mid-teens percentage range on an adjusted basis, up from a prior low-to-mid-teens view. It also raised its forecast for full-year recurring operating profit to €6.4 billion-€6.5 billion from €6.1 billion-€6.2 billion, and increased its outlook for LEAP engine deliveries growth to high teens from 15%. The move follows GE Aerospace's own decision last week to raise its 2026 revenue and profit forecasts on demand for engine services and equipment.