Michelin buys back 202,417 shares. Michelin stock sits 6.55 percent below its 52-week high

Published on 10/09/2026 at 11:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half 2026 revenue rose 0.50 percent at constant rates to EUR 12.69 billion. Michelin stock costs EUR 33.38 on October 9, 2026 after EUR 33.24.

Key points in brief

Michelin bought back 202,417 ordinary shares for cancellation on October 8, 2026.
First-half 2026 revenue reached EUR 12.69 billion, up 0.50 percent at constant exchange rates.
Michelin stock was EUR 33.38 at Lang & Schwarz on October 9, 2026, 6.55 percent below its 52-week high.
JPMorgan maintained an Overweight rating and a EUR 42.00 price target.

Editorial-Foto eines Börsenhandelsraums in Paris mit Charts und Automobil-Symbolen — Compagnie Générale des Établissements Michelin FR001400AJ45 zeigt Börsen-Editorial mit Handelsraum in Paris und Automobil-Sektorcharts, Illustration mit AI erstellt.

Michelin (FR001400AJ45) was trading at EUR 33.38 at Lang & Schwarz on October 9, 2026 at 11:11 a.m. CEST, 6.55 percent below its 52-week high of EUR 35.72. On October 8, 2026, Michelin bought back 202,417 ordinary shares for cancellation, according to GlobeNewswire.

Michelin buyback reaches 202,417 shares

The October 8 transaction had a weighted average price of EUR 32.33 per share and cancellation as its stated objective, the GlobeNewswire release said. The transaction followed a 201,844-share repurchase on October 1, 2026, also intended for cancellation, according to GlobeNewswire.

First-half margin reaches 11.40 percent

Michelin reported EUR 12.69 billion in revenue for the first half of 2026, up 0.50 percent at constant exchange rates. Its segment operating income reached EUR 1.45 billion, equal to an 11.40 percent margin and an improvement of 0.30 percentage points from the first half of 2025, according to Yahoo Finance.

What does the buyback change?

The share cancellation is taking place as analysts prepare for Michelin's third-quarter and nine-month sales update. wallstreetONLINE reported on October 5, 2026 that JPMorgan maintained an Overweight rating and a EUR 42.00 price target, which lies 25.82 percent above the Lang & Schwarz price of EUR 33.38.

Three dated Michelin milestones

On July 27, 2026, Michelin reported first-half revenue of EUR 12.69 billion and an 11.40 percent segment operating margin. On October 1, 2026, the company disclosed a 201,844-share repurchase for cancellation. On October 8, 2026, the latest disclosure listed 202,417 shares at EUR 32.33 per share for the same objective, according to GlobeNewswire.

Next sales date is October 20

Michelin's next listed company event is the third-quarter and nine-month sales conference on October 20, 2026, according to Michelin. The date gives investors a defined checkpoint for testing whether the expected second-half recovery is emerging in reported sales.

Stock stays below yearly high

At EUR 33.38, Michelin stock was 6.55 percent below the EUR 35.72 52-week high and above the EUR 25.51 low on October 9, 2026. The Lang & Schwarz quote showed a plus 0.42 percent change versus the prior close of EUR 33.24 on October 8, 2026. The further course of trading is shown by the continuously updated real-time quote of Michelin stock.

Michelin stock facts

Company: Compagnie Générale des Établissements Michelin Société en commandite par actions
ISIN: FR001400AJ45
Ticker: MCHA
Primary exchange: Euronext Paris
Price Lang & Schwarz (as of October 9, 2026, 11:11 a.m. CEST): EUR 33.38
Change versus prior close: plus 0.42 percent
Prior close Lang & Schwarz (October 8, 2026): EUR 33.24
Market capitalization: EUR 22.6 billion (as of October 9, 2026)
52-week range: EUR 25.51-35.72 (as of October 9, 2026)
Sector / Industry: Consumer Cyclical / Auto - Parts
Index membership: CAC 40