Michelin H1 FY26 net income falls 8.8% to EUR 766 million; revenue drops 2.6% to EUR 12.69 billion

• Michelin first-half net income fell 8.8% to EUR 766 million; basic earnings per share slipped 6.1% to EUR 1.11.
• Revenue dropped 2.6% to EUR 12.69 billion; segment operating income edged down 0.4% to EUR 1.45 billion.
• Segment operating margin widened 0.3 percentage point to 11.4%; operating income declined 1.4% to EUR 1.18 billion.
• Free cash flow after M&A widened to a negative EUR 328 million; net debt increased to EUR 4.55 billion.
• Outlook kept for 2026; tire markets seen broadly stable, while Tex Tech was acquired on July 2 for USD 491 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Compagnie Générale des établissements Michelin SA published the original content used to generate this news brief on July 27, 2026, and is solely responsible for the information contained therein.