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Company research5 Mar 2024
Dassault Systèmes: The French Software Titan
Dive into the world of Dassault Systèmes, a French software titan excelling in 3D modeling, simulation, and virtual twin tech.
Dassault Aviation
Dassault Aviation (AM) investor relations material
Dassault Aviation H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary22 Jul, 2026
Executive summary
Net sales for H1 2026 rose 46% year-over-year to €4.2B, driven by increased Rafale Export deliveries, milestone achievements, and strong Falcon orders, including 23 Falcon and 12 Rafale delivered (10 Export, 2 France).
Major international contracts included direct negotiations with India for 114 Rafale and a signed roadmap for Ukraine to acquire 16 Rafale.
Falcon 10X completed its maiden flight in June 2026, with entry into service planned for 2029.
FCAS/NGF program halted by France and Germany; focus shifts to a French-led demonstrator and alternative partnerships.
Expansion of industrial footprint and digital transformation initiatives, especially in India and AI integration.
Financial highlights
H1 2026 net sales reached €4.2B, up from €2.85B in H1 2025; operating income at €330M (7.9% margin), and adjusted net income at €496M, impacted by a €74M tax surcharge.
Order intake was €2.9B, with a backlog of €45.4B as of June 30, 2026.
Available cash increased to €10.1B, mainly from advances on Rafale export contracts.
Free cash flow was positive at €1.2B.
Research and development expenses focused on Falcon 10X and digital modernization.
Outlook and guidance
2026 guidance unchanged: net sales expected at €8.5B, with deliveries of 40 Falcon and 28 Rafale.
Falcon 10X entry into service rescheduled for 2029 due to certification timelines.
Ongoing negotiations for major Rafale contracts with India and Ukraine; UAE deliveries planned for end-2026.
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Latest events from Dassault Aviation
- Record sales and orders in 2025, with strong export growth and digital investments.AM
H2 2025 - Record order intake and backlog in H1 2025, with strong sales growth but lower net income.AMH1 2025
- Record order intake and backlog drive strong financial growth despite supply chain headwinds.AMH1 2024
- Record backlog and export orders drive strong H1 2024 results despite supply chain risks.AMH1 2024 (Q&A)
- Record €6.2B sales, €1,056M net income, and strong order intake drive 2024 growth.AMH2 2024
Next Dassault Aviation earnings date
H2 20263 Mar, 2027
Dassault Aviation
Next Dassault Aviation earnings date
H2 20263 Mar, 2027
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Frequently asked questions
Dassault Aviation designs and builds military aircraft, business jets and space systems. The Group, a world leader in high-tech aerospace, is headquartered in Paris and has a workforce of more than 15,000 people. It has assembly plants in France, the U.S., Switzerland, and Singapore. A range of around 10 aircraft models, from fighters to business jets, are produced by Dassault Aviation for airborne defense systems. Dassault has made its mark in the field of business aviation with Falcon jets.