Reply stock consolidates after half-year 2026 revenue grows 11 percent

Reply S.p.A. stock (ISIN IT0005282865) closed at EUR 87.40 on Borsa Italiana on September 15, 2026, down 2.7 percent from the prior session as investors digested the company’s latest half-year figures and valuation metrics.

Half-year 2026 figures show steady growth

According to Reply, revenue in the first half of 2026 reached approximately EUR 1,346.0 million, an increase of 11.2 percent compared with the same period of 2025, underlining continued demand for its consulting, system integration and digital services.

In the same half-year 2026 period, Reply reported EBIT of roughly EUR 390.0 million, corresponding to an EBIT margin near 29 percent and broadly in line with the margin achieved in the first half of 2025, signalling that the company is maintaining profitability while expanding its top line, according to Reply.

Net profit for the first half of 2026 came in around EUR 260.0 million, up approximately 13 percent year on year as indicated by Reply, giving the company a solid earnings base for the remainder of the fiscal year 2026.

Valuation and analyst context around September 2026

As of mid-September 2026, one widely cited intrinsic value framework placed Reply’s fair value slightly below the prevailing market price, while published analyst targets were clustered closer to EUR 153 per share, according to Simply Wall St on September 16, 2026.

In the same analysis, Reply was trading at a price-to-earnings ratio of about 16.4 times based on recent earnings, a level that positions the stock in a mid-teens valuation range compared with many European software and IT services peers, according to Simply Wall St.

For investors, the combination of roughly 11.2 percent revenue growth in the first half of 2026 and a stable 29 percent EBIT margin suggests an attractive balance between expansion and profitability, while the mid-teens P/E and analyst targets near EUR 153 highlight both upside potential and the need to monitor execution risks.

Stock levels and recent trading range

Reply stock’s close at EUR 87.40 on September 15, 2026 came after an intraday trading range between EUR 86.50 and EUR 89.60 on Borsa Italiana, indicating moderate volatility around the current level, as reported by Ad-hoc-news on September 17, 2026.

Market data from the same wrap put Reply’s share price at EUR 87.40 as of September 15, 2026 on its primary listing in Milan, implying a small pullback from earlier levels that were referenced around EUR 116.10 in a valuation discussion, as Simply Wall St noted on September 16, 2026.

While specific 52-week high and low figures were not detailed in the recent summaries, the decline from valuations around EUR 116.10 to EUR 87.40 as of September 15, 2026 corresponds to a move of roughly 24.7 percent, underscoring how sentiment and sector dynamics can shift over a relatively short time frame.

Reply stock price and investor takeaway

Reply stock therefore stands at EUR 87.40 on Borsa Italiana as of September 15, 2026, in a zone that reflects double-digit revenue and profit growth but also a notable retreat from earlier trading levels, leaving investors focused on whether the company can sustain its 29 percent EBIT margin and convert its strong half-year momentum into full-year 2026 results.

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