Michelin reaffirms 2026 financial guidance
Michelin reaffirmed its 2026 financial guidance, including at least €400 million in cost inflation from the prolonged Middle East conflict. Third-quarter revenue was €6.49 billion, up 2.2% at constant exchange rates, with 0.8% organic growth.
1. Guidance and market outlook
Michelin reaffirmed its 2026 guidance for segment operating income at constant exchange rates and scope, and free cash flow before acquisitions. The outlook accounts for at least €400 million in cost inflation from the prolonged Middle East conflict. For the fourth quarter, Michelin expects softer passenger-car and light-truck original-equipment demand, alongside dynamic truck original-equipment demand.
2. Third-quarter revenue
Third-quarter revenue reached €6.49 billion, up 2.2% at constant exchange rates; organic growth was 0.8%.
