Thales’ Board of Directors met on July 22, 2026 to review the financial statements for the first half of 2026.

The highlights are: 

Strong commercial momentum, with order intake of €12.5 billion, up 21% (+22% on an organic basis)

Solid sales growth to €10.9 billion, up 6.7% (+7.8% on an organic basis and +9.6% excluding non-recurring items)

Continued improvement in profitability, with Adjusted EBIT of €1,372 million, up 9.9% (+11.4% on an organic basis)

Adjusted net income, Group share reaching €990 million, up 13%

Exceptional level of free operating cash flow generation at €1,865 million

Confirmation of 2026 targets, including the upward revision of certain objectives on July 3, 2026:

Book-to-bill above 1.1

Organic sales growth between +6% and +7%

Adjusted EBIT margin between 12.6% and 12.8%

Conversion rate into free operating cash flow between 100% and 110%.