HO.PA · PEAD ↑ 100

Thales reported Q2 2026 results on 2026-07-23; no EPS actuals are yet in our feed.

Print-day reaction was +5.1% versus the prior close, a decisive opening-day move that pushed the stock well clear of its pre-earnings range. The overnight gap to the T+1 open was a marginal -0.5%, a near-flat fade that showed no meaningful after-hours reversal. Over the subsequent two trading sessions (T+1 through T+3) the stock drifted an additional +5.5%, confirming a clean continuation of the initial impulse rather than a give-back. Cumulative abnormal return of +10.8% versus SPY.US places this firmly in PEAD long territory; the documented drift pattern holds through the window ending 2026-10-20.