{"id":3844,"date":"2026-04-23T18:51:53","date_gmt":"2026-04-23T18:51:53","guid":{"rendered":"https:\/\/airshowsinternationalmagazine.com\/?p=3844"},"modified":"2026-04-23T18:51:54","modified_gmt":"2026-04-23T18:51:54","slug":"safran-reports-first-quarter-2026-revenue","status":"publish","type":"post","link":"https:\/\/airshowsinternationalmagazine.com\/?p=3844","title":{"rendered":"Safran reports first quarter 2026 revenue"},"content":{"rendered":"\n<p>ASIM, Apr 23<\/p>\n\n\n\n<p>Q1 2026 revenue stood at \u20ac8,624 million, up by 18.8% compared to Q1 2025 (+23.0% organic). Changes in scope had a positive \u20ac311 million<sup>1<\/sup>&nbsp;effect. The currency impact was a negative \u20ac614&nbsp;million, with an average EUR\/USD spot rate of 1.17 in Q1 2026 (1.05 in Q1 2025). The EUR\/USD hedge rate in Q1 2026 stood at 1.12 (unchanged from Q1 2025).<\/p>\n\n\n\n<p>As for organic revenue per division:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Propulsion<\/strong>\u00a0was up by 33.1% with aftermarket revenue up by 32.1% and OE sales up by 35.0%.<br>Spare parts revenue for civil engines (in USD) grew by 29.3%, largely driven by a more favorable workscope mix, especially against a low comparison basis from the previous year on the CFM56 engine. The LEAP engine also contributed, in line with the increasing number of shop visits performed by third-party MROs and the expanding workscope. Services revenue for civil engines (in USD) increased by 43.1%, driven by LEAP rate per flight hour (RPFH) contracts and supported by a favorable year-on-year comparison, as profit recognition on the LEAP-1A only began in the second quarter of 2025.<br>Building on the strong industrial performance of the second half of 2025, LEAP engine deliveries reached 520 units, a 63% growth compared to 319 in Q1 2025, and marked the third consecutive quarter with deliveries exceeding 500 units.<br>Military aircraft engine revenue increased year-over-year, mainly driven by higher M88 deliveries combined with a favorable export mix.<br>Helicopter engine revenue saw modest growth, primarily driven by spare parts sales. Additionally, revenue from missile propulsion systems benefited from higher delivery volumes.<\/li>\n\n\n\n<li><strong>Equipment &amp; Defense<\/strong>\u00a0was up by 13.5% (11.9% growth before Safran Ventilation Systems activities transfer). Change in scope of \u20ac379M mainly includes the flight control and actuation activities acquired from Collins Aerospace in July 2025.<br>OE sales grew by 15.3%, recording growth throughout all businesses, particularly in primary electrical systems and wiring (737MAX), nacelles (A320neo), defense (optronics, navigation &amp; timing systems) and landing gear (787, A330neo).<br>Aftermarket activities increased by 10.7%, with growth across the board, especially in primary electrical systems and wiring (A380) as well as in nacelles (A320neo, A380, A320ceo).<br>\u00a0<\/li>\n\n\n\n<li><strong>Aircraft Interiors<\/strong>\u00a0saw a 9.2% growth (14.8% growth before Safran Ventilation Systems activities transfer). Change in scope of \u20ac(95)M includes the disposal of Safran Passenger Innovations.<br>OE sales grew by 10.5%, primarily supported by increasing Cabin deliveries (galleys, inserts, etc., mostly on A350, A320neo and 737MAX), and positive effects of price on Business class seats.<br>Aftermarket activities increased by 7.2%, mostly driven by demand for Cabin, particularly from customers in the Americas and the Middle East. Seats also contributed positively thanks to favorable pricing conditions.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"750\" src=\"https:\/\/airshowsinternationalmagazine.com\/wp-content\/uploads\/2026\/04\/image-43.png\" alt=\"\" class=\"wp-image-3845\" srcset=\"https:\/\/airshowsinternationalmagazine.com\/wp-content\/uploads\/2026\/04\/image-43.png 750w, https:\/\/airshowsinternationalmagazine.com\/wp-content\/uploads\/2026\/04\/image-43-300x300.png 300w, https:\/\/airshowsinternationalmagazine.com\/wp-content\/uploads\/2026\/04\/image-43-150x150.png 150w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"818\" src=\"https:\/\/airshowsinternationalmagazine.com\/wp-content\/uploads\/2026\/04\/image-44-1024x818.png\" alt=\"\" class=\"wp-image-3846\" srcset=\"https:\/\/airshowsinternationalmagazine.com\/wp-content\/uploads\/2026\/04\/image-44-1024x818.png 1024w, https:\/\/airshowsinternationalmagazine.com\/wp-content\/uploads\/2026\/04\/image-44-300x240.png 300w, https:\/\/airshowsinternationalmagazine.com\/wp-content\/uploads\/2026\/04\/image-44-768x613.png 768w, https:\/\/airshowsinternationalmagazine.com\/wp-content\/uploads\/2026\/04\/image-44.png 1381w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>ASIM, Apr 23 Q1 2026 revenue stood at \u20ac8,624 million, up by 18.8% compared to Q1 2025 (+23.0% organic). Changes in scope had a positive \u20ac311 million1&nbsp;effect. The currency impact was a negative \u20ac614&nbsp;million, with an average EUR\/USD spot rate of 1.17 in Q1 2026 (1.05 in Q1 2025). The EUR\/USD hedge rate in Q1 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3846,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-3844","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/airshowsinternationalmagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/3844","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/airshowsinternationalmagazine.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/airshowsinternationalmagazine.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/airshowsinternationalmagazine.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/airshowsinternationalmagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3844"}],"version-history":[{"count":1,"href":"https:\/\/airshowsinternationalmagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/3844\/revisions"}],"predecessor-version":[{"id":3847,"href":"https:\/\/airshowsinternationalmagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/3844\/revisions\/3847"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/airshowsinternationalmagazine.com\/index.php?rest_route=\/wp\/v2\/media\/3846"}],"wp:attachment":[{"href":"https:\/\/airshowsinternationalmagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/airshowsinternationalmagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/airshowsinternationalmagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}