Markets · Earnings season
Company earnings
Who profits from geopolitics: quarterly results of the world's largest companies, focused on the defence industry. Amounts in euros.
17tracked defence companies have reported
+20%median net profit growth, defence industry
7 / 12beat analyst expectations (of those with estimates)
Nov 17next reports: Elbit Systems, Nvidia
Ranking by profit growth net profit vs the same quarter last year
| # | Company | Net profit | Profit growth | Revenue | Expectations | Reported | Next report & expectations |
|---|---|---|---|---|---|---|---|
ME MetaUSA · NASDAQ · Q3One-off tax charge a year earlier; $9.9bn legal charge this quarter |
€8.78bn | +264% |
€57.6bn+26% | ≈ mixed | Oct 21 ↗ | Jan 27 2027 estimateⓘQ4 · revenue €66.8bn · EPS €7.27 | |
CV ChevronUSA · NYSE · Q3 |
€8.84bn | +180% |
€60.4bn+36% | ▲ beat | Oct 30 ↗ | Jan 29 2027 estimateⓘQ4 · revenue €56.1bn · EPS €5.11 | |
PL PalantirUSA · NASDAQ · Q3 |
€1.00bn | +137% |
€2.06bn+96% | ▲ beat | Nov 2 ↗ | Feb 1 2027 estimateⓘQ4 · revenue €2.19bn · EPS €0.34 | |
SH ShellUK · LSE · Q3 |
€10.7bn | +127% |
€82.7bn+36% | ▲ beat | Oct 29 ↗ | Feb 4 2027 confirmedⓘQ4 | |
TE TotalEnergiesFrance · EPA · Q3 |
€7.36bn | +124% |
€59.5bn+37% | — | Oct 29 ↗ | Feb 10 2027 confirmedⓘQ4 | |
EX ExxonMobilUSA · NYSE · Q3 |
€13.7bn | +105% |
—— | ▲ beat | Oct 30 ↗ | Jan 29 2027 estimateⓘQ4 · revenue €102.5bn · EPS €3.75 | |
RH RheinmetallGermany · XETRA · Q3Sales below forecast; 2026 targets cut |
€296m | +95% |
€3.15bn+36% | ≈ mixed | Nov 5 ↗ | Mar 11 2027 estimateⓘFY2026guidance: 2026 sales about €13.2bn (cut on Nov 5) | |
LD LeonardoItaly · MIL · Q3Q3 unaudited |
€294m | +80% |
€5.34bn+18% | ▲ beat | Nov 5 ↗ | Mar 3 2027 confirmedⓘFY2026guidance: 2026 revenue about €22.1bn | |
HI Huntington IngallsUSA · NYSE · Q3 |
€193m | +50% |
€3.15bn+11% | — | Oct 29 ↗ | Feb 3 2027 estimateⓘQ4 · revenue €3.13bn · EPS €4.71 | |
SA SaabSweden · OMX · Q3 |
€130m | +47% |
€1.87bn+30% | ▲ beat | Oct 23 ↗ | Feb 5 2027 estimateⓘQ4 · revenue €3.05bn · EPS €0.52 | |
SR Saudi AramcoSaudi Arabia · Tadawul · Q3Partly from the PRefChem stake sale; adjusted profit +9% |
€32.6bn | +41% |
€125.2bn+26% | — | Nov 3 ↗ | March 2027 estimateFY2026 | |
RTX RTXUSA · NYSE · Q3 |
€2.30bn | +35% |
€22.2bn+11% | ▲ beat | Oct 20 ↗ | Jan 26 2027 estimateⓘQ4 · revenue €23.0bn · EPS €1.62 | |
L3 L3HarrisUSA · NYSE · Q3 |
€546m | +33% |
€5.40bn+7.1% | — | Oct 29 ↗ | Jan 28 2027 estimateⓘQ4 · revenue €5.35bn · EPS €2.82 | |
MS MicrosoftUSA · NASDAQ · FY27 Q1About 18% excluding OpenAI effects |
€32.6bn | +32% |
€82.2bn+19% | ▲ beat | Oct 28 ↗ | Jan 27 2027 estimateⓘFY27 Q2 · revenue €85.2bn · EPS €4.33 | |
AI AirbusEU (France) · EPA · Q3 |
€1.34bn | +20% |
€17.5bn−2% | ≈ mixed | Oct 28 ↗ | Feb 18 2027 confirmedⓘFY2026guidance: about 870 deliveries, adjusted EBIT about €7.5bn | |
GD General DynamicsUSA · NYSE · Q3 |
€1.09bn | +16% |
€13.0bn+13% | ▲ beat | Oct 30 ↗ | Jan 27 2027 estimateⓘQ4 · revenue €13.6bn · EPS €4.04 | |
LM Lockheed MartinUSA · NYSE · Q3 |
€1.64bn | +14% |
€18.5bn+11% | — | Oct 22 ↗ | Jan 28 2027 estimateⓘQ4 · revenue €20.0bn · EPS €7.48 | |
AP AppleUSA · NASDAQ · FY26 Q4 |
€27.4bn | +12% |
€102.0bn+12% | ▲ beat | Nov 2 ↗ | Jan 28 2027 estimateⓘFY27 Q1 · revenue €136.8bn · EPS €2.61 | |
JP JPMorgan ChaseUSA · NYSE · Q3 |
€13.6bn | +6.3% |
€44.7bn+8.1% | ▼ miss | Oct 13 ↗ | Jan 14 2027 confirmedⓘQ4 · revenue €45.6bn · EPS €5.29 | |
NG Northrop GrummanUSA · NYSE · Q3 |
€1.00bn | +2.2% |
€9.91bn+6.7% | ▲ beat | Oct 20 ↗ | Jan 26 2027 estimateⓘQ4 · revenue €10.9bn · EPS €7.10 | |
AM AmazonUSA · NASDAQ · Q3 |
€18.4bn | −2.4% |
€179.9bn+12% | ▼ miss | Oct 29 ↗ | Feb 4 2027 estimateⓘQ4 · revenue €217.7bn · EPS €2.20 | |
HR Hyundai RotemS. Korea · KRX · Q3 |
€118m | −10% |
€1.07bn+0.1% | ▼ miss | Oct 19 ↗ | late Jan – early Feb 2027 estimateQ4 | |
KG KongsbergNorway · OSE · Q3Kongsberg Maritime spun off in 2026; year-on-year comparison not fully like-for-like |
€142m | −13% |
€1.04bn+48% | ▲ beat | Oct 29 ↗ | Feb 11 2027 confirmedⓘQ4 | |
GO AlphabetUSA · NASDAQ · Q3$8.7bn loss on equity securities |
€23.6bn | −24% |
€113.7bn+25% | ▼ miss | Oct 28 ↗ | Feb 3 2027 estimateⓘQ4 · revenue €127.2bn · EPS €2.80 | |
TS TeslaUSA · NASDAQ · Q3 |
€701m | −43% |
€25.0bn−0.2% | ▲ beat | Oct 21 ↗ | Jan 27 2027 estimateⓘQ4 · revenue €26.1bnEPS estimates vary widely | |
KA Korea Aerospace (KAI)S. Korea · KRX · Q3 |
€13m | −51% |
€705m+52% | — | Nov 3 ↗ | early Feb 2027 estimateⓘQ4target: 2026 revenue about €3.8bn (KRW 5.73tn) | |
RE RenkGermany · XETRA · 9MPublishes nine-month figures only |
€25m | −55% |
€982m+5.8% | — | Nov 5 ↗ | early March 2027 estimateⓘFY2026guidance: revenue about €1.4bn, adjusted EBIT €240–255m | |
BO BoeingUSA · NYSE · Q3Loss narrowed from $5.34bn to $116m |
€−103m | loss |
€21.6bn+3.9% | ▼ miss | Oct 27 ↗ | Jan 26 2027 estimateⓘQ4 · revenue €24.3bn · EPS −€0.35 | |
HA Hanwha AerospaceS. Korea · KRX · Q3Net loss on delayed weapons deliveries; profit of KRW 699bn a year earlier |
€−24m | loss |
€4.04bn−6% | ▼ miss | Oct 29 ↗ | early Feb 2027 estimateⓘQ4company expects recovery from Q4 on K9 and Chunmoo deliveries to Poland |
Next-quarter expectations: analyst consensus or company guidance (source on hover); dates marked as estimates are not yet confirmed.
Green: growth up to 10%Orange: 10–30%Red: more than 30%Grey: decline or loss
Earnings calendar coming up
Elbit SystemsIsrael · Q3Nov 17
NvidiaUSA · FY27 Q3Nov 17
Heat map defence, profit growth
Revenue only no quarterly profit
ThalesFrance · revenue €5.47bn+9.7%
SafranFrance · revenue €9.00bn+15%
HensoldtGermany · revenue €696m+18%
These companies publish only revenue for the third quarter.
Sources: company filings (SEC, investor releases) and financial media for analyst estimates; click ↗ for the source. Net profit attributable to shareholders; Leonardo Q3 unaudited, Renk nine months only. Amounts converted to euros at the ECB reference rate for comparison. Not investment advice.