Leonardo stock slips 2.26 percent as orders rise 45 percent

Published on 09/24/2026 at 21:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Leonardo stock has EUR 10 billion in H1 2026 revenue, up 12 percent year over year. EBITA reached EUR 780 million as a naval program adds a fresh business milestone.

Luftfahrt- und Rüstungswerk mit Helikopter und Jet auf Rollfeld bei Sonnenuntergang — Realistisches Motiv zeigt Rüstungsindustrie von Leonardo S.p.A. (ISIN IT0003856405) mit Helikopter und Flugzeug auf Rollfeld, Illustration mit AI erstellt.

Leonardo stock (ISIN IT0003856405) stood at EUR 49.31 on Borsa Italiana on September 24, 2026, down 2.26 percent. On the same date, Leonardo announced a contract for two DDX destroyers for the Italian Navy, adding a new naval program to the company picture.

Orders rise 45 percent

According to Leonardo in its H1 2026 results released on July 30, 2026, new orders reached EUR 16 billion, an increase of 45 percent from H1 2025.

The same H1 report showed revenue of EUR 10 billion, up 12 percent year over year, while EBITA rose 34 percent to EUR 780 million. The comparison matters because orders grew much faster than revenue during the first half of 2026.

Naval program adds scale

According to Leonardo on September 24, 2026, Orizzonte Sistemi Navali signed a contract with OCCAR for two DDX destroyers for the Italian Navy. Leonardo owns 49 percent of the joint venture, while Fincantieri owns 51 percent.

The DDX combat system is designed around Leonardo technology, including the SADOC 5 C5I command system, a digital S-band AESA radar and integrated air and missile defense capabilities. The first vessel is scheduled for delivery in 2033 and the second in 2035.

Leonardo's H1 release also said full-year 2026 guidance was upgraded for orders, EBITA and free operating cash flow. H1 free operating cash flow was negative EUR 249 million, despite the 39 percent improvement stated in the company release.

Stock trades below yearly high

Leonardo stock was EUR 16.95 below its 52-week high of EUR 66.26 on September 24, 2026, while the 52-week low stood at EUR 44.25. The current price was therefore 25.6 percent below the yearly high, keeping the chart position below its upper range.

Market capitalization stood at EUR 28,446,243,042 on September 24, 2026. For investors, the key contrast is clear: operating figures accelerated in H1 2026, while the stock still traded 2.26 percent lower on the latest session.