Safran increased its 2028 forecasts citing the strong civil engines aftermarket, including maintenance and repairs, and growing defense demand. The French aerospace-industry supplier also set targets for 2026 for the first time, and proposed a 16% on-year increase in its dividend for 2025.

This is a summary of comments from analysts:

Safran Sets Strong Goals Despite Usual Caution

0709 GMT - Safran set strong targets for 2026 and 2028, despite the French aerospace-industry supplier's usual caution in guiding, Bernstein analysts say. There is a chance for more raises until 2028, they add. However, the company's fourth-quarter sales missed the consensus estimate by 2%, they note. Safran is Bernstein's top aerospace pick for this year. (cristina.gallardo@wsj.com)

Safran Surprises With Strong Cash Generation

0718 GMT - Safran's strong free cash flow in 2025 was a positive surprise, Jefferies analysts say. The French aerospace-industry supplier posted a 14% beat versus consensus estimates and now expects about 21 billion euros in cumulated cash flow for 2024-28, versus a previous estimate of between 15 billion and 17 billion euros. This increase wasn't expected and is good news, the analysts say. Shares closed at 307.30 euros. (cristina.gallardo@wsj.com)

Safran's Shares Could Rise Incrementally on Lifted 2028 Outlook

0724 GMT - Safran's upgraded 2028 forecasts will be well received by the market, with incremental share-price increases as the new guidance will likely be regarded as conservative, Citi analyst Charles Armitage says. Safran's 2025 results were broadly in line with expectations, he adds, noting the strong cash flow. Shares closed at 307.30 euros. (cristina.gallardo@wsj.com)

Safran's 2028 Guidance Wasn't a Surprise, Will Likely Boost Shares

0732 GMT - Safran lifting its 2028 estimates was expected and should be positive for the share price, RBC Capital Markets analysts say. However, consensus estimates are already at the upper end of the increased ranges, so the impact might be limited, they note. The French aerospace-industry supplier for the first time provided guidance for 2026, which was slightly ahead of expectations, the analysts add. Shares closed at 307.30 euros. (cristina.gallardo@wsj.com)

Safran Didn't Increase Share-Buyback Plan Despite Strong Cash Generation

0811 GMT - Safran didn't increase the size of its existing share-buyback program despite lifting its medium-term free cash flow guidance, J.P. Morgan analysts say. The French aerospace-industry supplier's free cash flow outlook for 2026 is 300 million euros above consensus, they note. As part of its continuing program, Safran said it repurchased 8.9 million shares for cancellation in 2024 and 2025, for 2.1 billion euros. Shares are up 6.5% at 327.30 euros. (cristina.gallardo@wsj.com)

(END) Dow Jones Newswires

February 13, 2026 04:26 ET (09:26 GMT)

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