Expected Moves

Michelin will provide Q3 sales figures. Focus will be on whether the -4.02% YoY revenue trend and European auto OEM destocking pressures persist.

Potential shifts in international auto and parts tariffs under President Trump's administration, affecting global supply chains and competitive dynamics for European exporters.

Full-year 2026 results and 2027 guidance. The market will scrutinize free cash flow generation, which recently stood at $312M, against heavy capital expenditures.

First-quarter sales update capturing the crucial spring tire replacement cycle. Investors will gauge whether consumer deferrals of tire replacements have fully reversed.

H1 2027 results detailing the half-year net income recovery. Attention will be on whether the 2026 profit contraction has fully pivoted to expansion.