Safran raises 2026 outlook as LEAP deliveries surge 41%

Safran lifted its 2026 guidance after a first half that combined record profitability with a sharp ramp in LEAP production. The Paris-based supplier delivered 1,030 LEAP engines in the period, up 41%, including 510 in the second quarter, as civil engine spare parts and services held firm. Revenue reached €17.6 billion, recurring operating income rose 29% to €3.24 billion, and free cash flow hit €2.62 billion. The company now expects LEAP deliveries to grow in the high teens and revenue to rise about 15% this year, with stronger operating profit and cash generation, reinforcing the narrowbody supply chain as Airbus and Boeing production remains tight.