Alstom outlines half-year milestones and Alstom stock gains 4.10 percent

Alstom (ISIN FR0010220475) was trading at EUR 15.99 at Lang & Schwarz on October 6, 2026 at 10:01 a.m. CEST, up 4.10 percent versus the prior close of EUR 15.36 as the company outlined half-year milestones in an October 6 aide-memoire. According to GlobeNewswire, Alstom reported EUR 2.6 billion of orders in the first quarter of fiscal 2026/27 and is due to publish its half-year results on November 17, 2026.

Orders set the half-year tone

The October 6 release also lists major second-quarter orders, including EUR 1.2 billion for battery-electric trains and maintenance in the United Kingdom. The order pipeline gives the stock a concrete operating reference ahead of the half-year report, while the company continues to balance large contracts against delivery execution.

Alstom reported 4.80 percent organic sales growth in the first quarter of fiscal 2026/27, compared with its 5.00 percent organic sales growth target for the full fiscal year. The gap is 0.20 percentage points, leaving the first-half figures important for judging whether the target remains on track.

Guidance points to a 6.50 percent margin

GlobeNewswire says Alstom reaffirmed fiscal 2026/27 guidance for 5.00 percent organic sales growth, an adjusted EBIT margin of 6.50 percent, positive free cash flow and a group book-to-bill ratio above 1. The company also expects free cash flow consumption of EUR 1.5 billion in the first half of fiscal 2026/27 because of seasonal working-capital effects.

Alstom generated EUR 19.2 billion of revenue in fiscal 2025/26, the year ended March 31, 2026, according to the same October 6 release. That figure provides scale, but the upcoming report will be judged more directly on order conversion, margin delivery and cash generation.

Analyst target stays at EUR 28.00

JPMorgan retained an Overweight rating and a EUR 28.00 price target on September 16, 2026, according to wallstreetONLINE. The target lies 75.11 percent above the Lang & Schwarz price of EUR 15.99, although that comparison uses an analyst target rather than a traded market level.

Stock rebounds below yearly high

Alstom stock was trading at EUR 15.99 at Lang & Schwarz on October 6, 2026 at 10:01 a.m. CEST, up 4.10 percent versus the prior close of EUR 15.36. The primary listing is on Euronext Paris, where Alstom had a market capitalization of EUR 6.9 billion as of October 5, 2026.

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