Michelin confirms 2026 guidance. Michelin stock sits 13.07 percent below its 52-week high

Published on 10/22/2026 at 09:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue grew 2.20 percent in Q3 at constant rates. Michelin stock costs EUR 31.05 on October 22, 2026, 13.07 percent below its high.

Growth and guidance

Third-quarter revenue growth reached 2.20 percent on October 20, 2026.
Michelin confirmed more than EUR 1.6 billion in 2026 free cash flow before M&A.
Michelin stock trades at EUR 31.05 at 9:46 a.m. CEST at Lang & Schwarz on October 22, 2026, 13.07 percent below its 52-week high.
Michelin lists February 11, 2027, for its 2026 full-year results.

Isometrische 3D-Grafik der Reifen-Wertschöpfungskette von Rohstoff bis Auslieferung — Compagnie Générale des Établissements Michelin FR001400AJ45 veranschaulicht isometrische Wertschöpfungskette von Rohstoff bis fertigem Reifentransport, Illustration mit AI erstellt.

Michelin (ISIN FR001400AJ45) generated EUR 19.2 billion in revenue during the first nine months of 2026, with third-quarter growth accelerating to 2.20 percent at constant exchange rates, according to Michelin on October 20, 2026. The tire maker also confirmed its full-year operating-income and cash-flow guidance.

Third-quarter growth returns

The latest figures show a sharper quarterly recovery beneath a softer nine-month headline. Revenue increased 1.00 percent at constant exchange rates over the nine-month period, while growth reached 2.20 percent in the third quarter and 0.80 percent at constant exchange rates and scope.

Michelin said tire volumes declined 0.80 percent through September, but MICHELIN-brand replacement volumes rose 4.00 percent. Polymer Composite Solutions revenue increased 21.90 percent to EUR 1.15 billion, helped by acquisitions, according to the same October 20 release.

What does guidance mean?

Michelin confirmed growth in segment operating income at constant exchange rates and scope compared with 2025, alongside more than EUR 1.6 billion in free cash flow before mergers and acquisitions. The operational contrast is clear: pricing and mix improved, while original-equipment demand continued to weigh on volumes.

Three events shape the picture

On October 7, 2026, Michelin ResiCare announced a first production line for a bio-based monomer, with operations scheduled for the second quarter of 2027, as Ideal Investisseur reported. On October 19, the stock fell 2.55 percent to EUR 32.81 after breaching the EUR 33.05 support level, the same outlet reported. On October 20, Michelin published EUR 19.2 billion in nine-month revenue and confirmed guidance.

Dates for the calendar

Michelin lists February 11, 2027, for its 2026 full-year results and April 28, 2027, for quarterly information covering the three months ended March 31, 2027, on its investor-relations page. Those dates frame the next scheduled tests of the guidance.

Stock stays below yearly high

At EUR 31.05, the Lang & Schwarz quote was 13.07 percent below Michelin's EUR 35.72 52-week high on October 22, 2026. The current level leaves the market focused on whether improved pricing can offset weak original-equipment volumes.

The further course of trading is shown by the continuously updated real-time quote of Michelin stock.