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Compagnie Générale des Établissements Michelin Société en commandite par actions Earnings Calls
| Release date | Jul 27, 2026 |
| EPS estimate | $1.47 |
| EPS actual | $1.26 |
| EPS Surprise | -14.29% |
| Revenue estimate | 14.692B |
| Revenue actual | 14.48B |
| Revenue Surprise | -1.44% |
| Release date | Feb 11, 2026 |
| EPS estimate | $1.29 |
| EPS actual | $1.41 |
| EPS Surprise | 9.30% |
| Revenue estimate | 15.108B |
| Revenue actual | 22.879B |
| Revenue Surprise | 51.44% |
| Release date | Jul 24, 2025 |
| EPS estimate | $1.80 |
| EPS actual | $1.38 |
| EPS Surprise | -23.33% |
| Revenue estimate | 15.446B |
| Revenue actual | 15.347B |
| Revenue Surprise | -0.644% |
| Release date | May 10, 2025 |
| EPS estimate | - |
| EPS actual | - |
| Revenue estimate | - |
| Revenue actual | - |
Last 4 Quarters for Compagnie Générale des Établissements Michelin Société en commandite par actions
Below you can see how MGDDF performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | May 10, 2025 |
| Price on release | $36.14 |
| EPS estimate | - |
| EPS actual | - |
| Date | Price |
|---|---|
| May 05, 2025 | $35.68 |
| May 06, 2025 | $37.41 |
| May 07, 2025 | $37.41 |
| May 08, 2025 | $37.41 |
| May 09, 2025 | $36.14 |
| May 12, 2025 | $39.08 |
| May 13, 2025 | $37.55 |
| May 14, 2025 | $39.89 |
| May 15, 2025 | $38.66 |
| 4 days before | 1.29% |
| 4 days after | 6.97% |
| On release day | 8.14% |
| Change in period | 8.35% |
| Release date | Jul 24, 2025 |
| Price on release | $37.75 |
| EPS estimate | $1.80 |
| EPS actual | $1.38 |
| EPS surprise | -23.33% |
| Date | Price |
|---|---|
| Jul 18, 2025 | $37.10 |
| Jul 21, 2025 | $39.30 |
| Jul 22, 2025 | $39.60 |
| Jul 23, 2025 | $39.60 |
| Jul 24, 2025 | $37.75 |
| Jul 25, 2025 | $38.45 |
| Jul 28, 2025 | $36.66 |
| Jul 29, 2025 | $36.36 |
| Jul 30, 2025 | $35.77 |
| 4 days before | 1.77% |
| 4 days after | -5.26% |
| On release day | 1.86% |
| Change in period | -3.59% |
| Release date | Feb 11, 2026 |
| Price on release | $40.41 |
| EPS estimate | $1.29 |
| EPS actual | $1.41 |
| EPS surprise | 9.30% |
| Date | Price |
|---|---|
| Feb 05, 2026 | $37.75 |
| Feb 06, 2026 | $40.40 |
| Feb 09, 2026 | $38.96 |
| Feb 10, 2026 | $38.96 |
| Feb 11, 2026 | $40.41 |
| Feb 12, 2026 | $40.41 |
| Feb 13, 2026 | $40.41 |
| Feb 17, 2026 | $40.51 |
| Feb 18, 2026 | $37.99 |
| 4 days before | 7.04% |
| 4 days after | -5.98% |
| On release day | 0% |
| Change in period | 0.636% |
| Release date | Jul 27, 2026 |
| Price on release | $39.18 |
| EPS estimate | $1.47 |
| EPS actual | $1.26 |
| EPS surprise | -14.29% |
| Date | Price |
|---|---|
| Jul 21, 2026 | $41.87 |
| Jul 22, 2026 | $41.87 |
| Jul 23, 2026 | $41.87 |
| Jul 24, 2026 | $41.87 |
| Jul 27, 2026 | $39.18 |
| Jul 28, 2026 | $39.18 |
| Jul 29, 2026 | $39.18 |
| Jul 30, 2026 | $39.78 |
| Jul 31, 2026 | $39.78 |
| 4 days before | -6.43% |
| 4 days after | 1.53% |
| On release day | 0% |
| Change in period | -5.00% |
Compagnie Générale des Établissements Michelin Société en commandite par actions Earnings Call Transcript Summary of Q2 2026
Michelin reported a solid H1 2026 despite a volatile macro and geopolitical environment. Group revenue was EUR 12.7bn (down 2.6% reported; +0.5% at constant FX), with segment operating income (SOI) of EUR 1.45bn (11.4% margin), a +EUR 103m increase at constant scope and FX. Key drivers: Michelin-brand replacement strength (+5% tonnage), premiumization (larger rim sizes, channel mix), price/mix contribution, and lower raw-materials relative to 2025. Currency headwinds (notably USD depreciation) reduced reported revenue by >EUR 400m and SOI by EUR 114m. H1 free cash flow was EUR 282m; management reconfirms full-year targets: SOI (constant scope/FX) to exceed 2025 and >EUR 1.6bn free cash flow before M&A. CapEx guidance remains ~EUR 2bn for the year. M&A: integration of Cooley, Flexitallic (closed H1) and Tex Tech (closed July 1) — polymer & composite solutions revenue set to rise ~35% on a full-year basis. Capital return: ~EUR 1.7bn in 2026 (EUR 944m dividends paid; ~EUR 750m buyback, EUR 300m executed by end-June). Net debt/gearing increased modestly to 26% (from 22%) reflecting acquisitions; credit ratings remain A with stable outlook. Segment highlights: Consumer resilient (12.5% margin), Transportation under pressure but slightly improved, Specialties resilient (14.1% margin), Polymer Composite Solutions +16% revenue (conveyors weak in H1 but other categories strong). Risks and assumptions: continued uncertainty from Middle East conflict (management models a potential additional ~EUR 400m inflationary cost scenario), raw-materials volatility (net raw-material tailwind for 2026 revised down vs earlier view to roughly EUR 80–100m), and regional disparities (weak OE in some markets, improving truck OE in North America expected H2). Management confirms disciplined cash and cost steering (restructuring and efficiency), local-to-local footprint strategy, and continued focus on innovation and brand premium to protect margins.
