โ€” Reasoning Model

Magistral Medium

Last updated August 4, 2026 ยท Reviewed by ToolForge Editorial

Mistral's open-weights reasoning LLM โ€” the European answer to o1, with a smaller footprint and a much smaller price tag.

โ˜… 4.5/5 ยท Open weights (Apache 2.0) ยท Released 2025 ยท ~$0.40/M input tokens

Open-weights reasoning catches up

Magistral Medium is Mistral AI's first dedicated reasoning model, trained with reinforcement learning on chain-of-thought traces to handle math, code, and multi-step logic. The Medium tier sits between Mistral's small edge models and their frontier Large series โ€” and unlike the closed o1/o3 family, you can download the weights and self-host.

Who it's for: European enterprises with EU residency requirements, labs that need self-hostable reasoning, and developers building agent pipelines where $15/M token frontier models are too expensive at scale.

Key features

โˆด Chain-of-thought reasoning

Trained with RL specifically for reasoning โ€” breaks problems into steps, verifies intermediate results, catches its own slips. On AIME25 math benchmarks it scores ~73% vs o1's ~78%.

Open Apache 2.0 license

Weights are downloadable for commercial use. Self-host with vLLM, llama.cpp, or deploy on Azure AI Foundry. Full auditability โ€” you can trace exactly what it's doing.

EU EU data residency

Backed by Mistral's EU infrastructure โ€” data never leaves the continent. Critical for GDPR-sensitive enterprises and EU government contracts that can't use US-based CLOUD-only models.

Cost ~10x cheaper than o1

$0.40/M input, $2/M output vs o1's $15/$60. For pipelines that chain 10+ reasoning calls per task, that difference decides whether the project is viable or not.

The honest take

โœ“ What works

  • Best price/quality on reasoning benchmarks in the open-weights tier
  • Chain-of-thought is visible โ€” you can audit its logic step by step
  • Apache 2.0 means no surprise ToS rewrites
  • Strong on math, code, and structured multi-step reasoning
  • Multilingual by default โ€” strong on French, German, Spanish reasoning

โœ— What doesn't

  • ~5% behind o1 on the hardest math/reasoning benchmarks
  • Smaller context window (128k) vs frontier (200k-1M)
  • No native tool use / function calling parity with OpenAI
  • Slower tokens/sec than non-reasoning models of the same size
  • Fine-tuning ecosystem is younger than Llama's

Verdict

Magistral Medium is the open reasoning model to beat in 2026. If you're EU-based, regulated, or price-sensitive, it's the clear default. If you need the absolute frontier on math or agentic tool use, o1 and Claude still lead โ€” but not by enough to ignore the 10x cost gap.

๐Ÿ’ก Transparency: This review contains affiliate links. If you sign up through our link, we may earn a commission at no cost to you. We only recommend tools we use ourselves. Full disclosure.

Related Tools

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Open weights ยท ~$0.40/M input ยท EU hosted

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