Indra stock grows 28.6% as 2026 targets remain unchanged

Published on 10/30/2026 at 15:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Indra stock enters the next reporting phase with record backlog and stronger profitability. Management kept its 2026 financial goals unchanged.

Indra enters the next reporting phase

Net income rose 22 percent to EUR 355.5 million in the first nine months.
Backlog reached a record EUR 22.165 billion as defense and space demand accelerated.
Management reaffirmed its 2026 revenue, EBIT and free-cash-flow targets.

Indra, ES0118594417, Illustration mit AI erstellt.

Indra Group reported sharp growth in revenue, profitability and order visibility for the first nine months of 2026, according to results released on Thursday, October 29. Revenue rose 28.6 percent year over year to EUR 4.6447 billion, while management kept its full-year targets unchanged. The figures were reported by El Espanol.

The operating update adds a new reference to the reporting sequence. Net income increased 22 percent to EUR 355.5 million, EBITDA advanced 62.1 percent to EUR 657.4 million and EBIT rose 42.4 percent to EUR 453.6 million.

Defense and space drive growth

Defense revenue doubled to EUR 1.408 billion, while Space revenue climbed 372.5 percent to EUR 286 million after the integration of Hispasat and Hisdesat. Air Traffic revenue increased 22.8 percent to EUR 446 million, while Mobility grew 2.3 percent to EUR 264 million. Minsait revenue was broadly stable at EUR 2.240 billion.

Backlog reached a record EUR 22.165 billion, up 133 percent year over year. Net order intake rose 81.7 percent to EUR 8.085 billion in the first nine months, with third-quarter intake accelerating 139 percent. The IRIS satellite program, Eurofighter work and Spain's Special Modernisation Programs supported the increase.

Cash flow includes program advances

Free cash flow reached EUR 1.6917 billion, compared with EUR 57.5 million a year earlier. The improvement was supported by advances linked to defense programs, making cash timing an important factor when assessing recurring operating performance. Net cash stood at EUR 1.1922 billion at the end of September, versus net debt of EUR 113.6 million a year earlier.

What has changed since our last report

The Lang & Schwarz quote was 1.31 percent lower than the EUR 65.61 quote in the report published on October 29 at 16:33 Berlin time. The comparison reflects separate market snapshots and does not establish a causal reaction to the results.

The real-time quote of Indra stock was 64.75 euros on Lang & Schwarz at 15:39 CET on Friday, October 30, 2026.

Management continues to target 2026 revenue above EUR 7 billion in local currency, reported EBIT above EUR 700 million and free cash flow above EUR 375 million. Indra also plans to present a new strategic plan at its Capital Markets Day in Madrid on November 25, 2026.