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Thales (ENXTPA:HO) Is Up 16.8% After Samsung Post‑Quantum Chip Tie‑Up Recognition at CES 2026

Simply Wall St · 4d ago
  • In early January 2026, Thales announced that Samsung Electronics’ System LSI Business won CES 2026 recognition for a new post-quantum–ready security chip embedding Thales’ hardened operating system and quantum-resistant cryptographic libraries to protect connected devices from both current and quantum-era cyber threats.
  • This collaboration underlines Thales’ role at the forefront of post-quantum security, addressing “harvest now, decrypt later” risks for long-lived connected devices and data.
  • We’ll now examine how this post-quantum collaboration with Samsung could influence Thales’ investment narrative in defense, aerospace, and cybersecurity.

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Thales Investment Narrative Recap

To own Thales, you need to believe in its ability to convert higher European defense spending and growing demand for secure digital infrastructure into durable earnings, while managing execution risk in Cyber & Digital and Space. The Samsung post quantum chip collaboration showcases Thales’ cryptography strengths, but it does not materially change the near term dependence on defense budgets or the risk that cyber integration issues could weigh on margins.

The most relevant recent announcement here is Thales’ December 2025 launch of its AI Security Fabric, which targets protection for agentic AI and LLM based applications. Together with the Samsung post quantum chip, it reinforces the Cyber & Digital division’s focus on high value security software and services, a potential earnings catalyst if the business can overcome recent organic revenue softness and salesforce integration challenges.

Yet behind these opportunities, investors should be aware that Thales’ heavy reliance on large European defense budgets...

Read the full narrative on Thales (it's free!)

Thales' narrative projects €26.5 billion revenue and €2.2 billion earnings by 2028.

Uncover how Thales' forecasts yield a €279.69 fair value, a 4% upside to its current price.

Exploring Other Perspectives

ENXTPA:HO 1-Year Stock Price Chart
ENXTPA:HO 1-Year Stock Price Chart

Six fair value estimates from the Simply Wall St Community span about €167 to €338, underlining how far opinions can diverge. When you weigh these against Thales’ dependence on higher European defense spending, it becomes even more important to compare several viewpoints before deciding how this story could affect future performance.

Explore 6 other fair value estimates on Thales - why the stock might be worth 38% less than the current price!

Build Your Own Thales Narrative

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.