Business
Add as a preferred source on GoogleReported sales totaled €9 billion ($10.1 billion), and Safran reaffirmed its full-year guidance.
Safran’s third-quarter organic sales grew 13.4% year over year, with reported sales reaching €9 billion ($10.1 billion), as its engine business supplied the strongest contribution to growth. Shares were down 10% in European trading Friday.
Sales matched analyst expectations. Organic sales increased 13.4% from a year earlier, with Safran’s engine business contributing most to the rise. The company reaffirmed its full-year guidance.
The published design calls for 88 to 100 passengers and at least 750 kilometers, with the 1,000-kilometer figure dependent on future battery gains.
Cheng will remain chief technology officer and lead a separate unit developing agent-trust products and AI-native infrastructure tied to Sui and Walrus.
Its 2026 revenue estimate is $3.35 billion to $3.5 billion, below expectations set earlier in the year.
