Thales booked €4.65 bn in Q1 orders, up 23% reported and 27% organically, slightly below €4.85 bn analyst forecast.
Defense segment drove growth with €2.24 bn orders, up 75% organically, including five contracts over €100 m each.
Aerospace orders rose modestly 1% organically to €1.52 bn, while cyber‑digital orders fell 1% to €857 m.
Q1 sales reached €5.32 bn, up 9.7% organically YoY; defense sales €3.05 bn grew 14.3% organically; full‑year 2026 targets reaffirmed.