Investing.com -- Compagnie Générale des Établissements Michelin (EPA:ML) reported first-half revenue of €12.69 billion, slightly below the analyst estimate of €12.74 billion. Revenue declined 2.6% as reported but increased 0.5% at constant exchange rates, impacted by a 3.1% adverse currency effect. The tire manufacturer's segment operating income rose to €1.45 billion, representing 11.4% of sales, up from 11.1% in the first half of 2025. The company's Consumer segment generated revenue of €6.93 billion with an operating margin of 12.5%, while the Transportation segment reported revenue of €2.81 billion with a 5.9% operating margin. The Specialties segment posted revenue of €2.22 billion with a 14.1% operating margin, and the Polymer Composite Solutions segment reported revenue of €728 million with a 13.6% operating margin.