France · Delayed Price · Currency is EUR Dassault Aviation société anonyme Earnings Call Transcripts
Fiscal Year 2026
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H1 2026 saw strong sales growth, major milestones in Falcon 10X and Rafale programs, and a surge in Falcon orders, especially from Asia. Guidance for €8.5B in net sales and key deliveries remains unchanged, despite ongoing geopolitical and supply chain challenges.
Fiscal Year 2025
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Orders and sales reached record highs, with strong export growth and a €46.6B backlog. Key contracts in India and UAE, new production facilities, and digital/AI investments drive future growth. FCAS program faces partnership challenges with Airbus.
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Order intake surged 57% to €8.1B and sales rose 12% to €2.047B, driven by Rafale exports and industrial ramp-up. Net income fell to €386M due to a tax surcharge, while supply chain and tariff risks persist. Guidance for €6.5B sales and 65 aircraft deliveries in 2025 is confirmed.
Fiscal Year 2024
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2024 saw record sales, a €43.2B backlog, and €1B net income, driven by strong Rafale exports and Falcon ramp-up. Guidance for 2025 is €6.5B sales, with risks from supply chain issues and potential US tariffs.
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Ongoing political and supply chain uncertainties are impacting operations, but a strong order backlog, modernization of facilities, and strategic investments support continued growth. Optimism remains for meeting delivery targets and expanding sales, especially with new Falcon models.