Rolls-Royce stock gets GBP 1.5 billion buyback as outlook holds

Published on 11/12/2026 at 18:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Rolls-Royce stock gains as management cites strong progress across aerospace, defence and power systems. The group will revisit mid-term targets in February.

Buyback supports confirmed outlook

Rolls-Royce announced an interim GBP 1.5 billion share buyback after strong second-half progress.
Management kept its 2026 underlying operating profit and free cash flow guidance unchanged.
Power Systems order intake and the civil aerospace backlog provided additional operating visibility.
Management plans to revisit its mid-term targets with the full-year results in February 2027.

Rolls-Royce, GB00B63H8491, Illustration mit AI erstellt.

Rolls-Royce announced an interim GBP 1.5 billion share buyback on Thursday, November 12, after reporting strong operational progress in the second half and reaffirming its 2026 outlook. The company said the programme will be completed by its full-year results on February 25, 2027, as part of the existing GBP 7 billion to GBP 9 billion buyback programme for 2026 to 2028, according to the Rolls-Royce trading update.

Management maintained its 2026 guidance for underlying operating profit of GBP 4.7 billion to GBP 4.9 billion and free cash flow of GBP 3.8 billion to GBP 4.0 billion. Chief Executive Tufan Erginbilgic said the company would revisit its mid-term targets with the full-year results.

Operating progress across divisions

In Civil Aerospace, the large-engine order backlog grew to around 2,500 engines. Large-engine flying hours rose 4 percent year on year in the first ten months of 2026 to 114 percent of 2019 levels, while full-year flying hours are expected toward the lower end of the 115 percent to 120 percent guidance range.

Power Systems added growth visibility, with order intake up 62 percent year on year in the first nine months. Its order backlog reached a record GBP 8.6 billion at the end of September, compared with GBP 8.0 billion at the half-year stage. Gas-engine demand for power generation was supported by data-centre investment, and Rolls-Royce said it was finalising a multi-year backup-engine contract with a hyperscaler.

Share price and investor focus

Rolls-Royce stock traded at 16.33 euros on Lang & Schwarz at 18:00 CET on Thursday, November 12, 2026, 0.06 percent above the Xetra close of Thursday, November 12. Since the earlier November 12 report, the quote has declined from 16.51 euros at 11:06 CET to 16.33 euros, a 1.09 percent move lower. The two comparisons use different reference points: the first is the daily Xetra close, while the second measures the move since the earlier report.