Rolls-Royce share price has pulled back in the past few weeks, moving from a record high of 1.307p to the current 1,210p. It remains 1,800% above its lowest level in September 2022. This article explores some of the top catalysts for the RR stock in February 2026.
Rolls-Royce share price to react to earnings
The main catalyst for the Rolls-Royce stock price is the upcoming full-year earnings, which will come out on February 26.
These results will provide more color about its business last year and whether the growth trajectory accelerated.
The most recent consensus among analysts is that its full-year revenue came in at £19.5 billion, much higher than the £17.8 billion it made in the previous year.
Additionally, analysts expect that its underlying EBIT rose to £3.26 billion, while its profit before tax (PBT) rose to £3.14 billion.
Rolls-Royce Holdings’ growth will likely continue in the coming years, with analysts expecting its revenue to rise to £21.5 billion this year, followed by £23.3 billion and £25.3 billion in the next two consecutive years.
The company’s profitability is also expected to continue growing, with the underlying profit before tax (PBT) will move to £4.6 billion, up from £3.1 billion.
Still, on the positive side, there is a possibility that the company’s report will be much higher than expected, as it has done in the past. For one, General Electric Aerospace reported strong financial results and boosted its guidance, which is notable as their businesses are related.
Rising geopolitical tensions
The Rolls-Royce share price will also react to the potential geopolitical events in February because it is one of the biggest players in the defense industry.
One of the main geopolitical events is the potential US attack on Iran. Such a move has a chance to lead to more demand for its military equipment, which have become more popular in the past few years.
The company, like other defense contractors such as BAE Systems, Babcock International, and Leonardo, is benefiting from the ongoing boost in European defense spending as countries express their concerns about the United States.
Airbus earnings
Rolls-Royce’s biggest business is its civil aviation, which provides engines to wide body aircrafts such as A350 and A330. Its engines also power some Boeing 787 planes.
Therefore, the upcoming Airbus earnings on February 19 will have some impact on its stock to some extent. Signs that Airbus continued boosting its production will be bullish for the Rolls-Royce stock.
The most recent results showed that Airbus delivered 507 aircraft in the past nine months of the year, while its revenue rose to €47.4 billion, while its EBIT moved to €3.4 billion.
Rolls-Royce share price technical analysis
RR stock chart | Source: TradingView
The daily timeframe chart shows that the Rolls-Royce stock price has pulled back in the past few weeks, moving from a high of 1,307p to the current 1,210p.
It has retested the key support level at 1,196p, its highest level in September last year. This means that it has formed a break-and-retest pattern, which is a common bullish continuation sign.
The stock has also formed a bullish flag pattern,which is made up of a vertical line and a descending channel. It has also moved above the 50-day and 100-day Exponential Moving Averages (EMA).
Therefore, the most likely scenario is where it rebounds, potentially to the year-to-date high of 1,307p. A move above that level will point to more gains, potentially to the psychological level at 1,500p.
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