EarningsQ2 2026 Earnings Report
DE:A5SA Q2 2026 EPS Results
Actual EPS-€0.24
Consensus EPS-€0.06
Beat/MissMissed by -€0.18
One Year Ago EPS-€0.17
DE:A5SA Q2 2026 Revenue Results
Actual Revenue€742.89M
Expected Revenue€404.09M
Beat/MissBeat by +€338.80M
YoY Revenue Growth+38.34%
Earnings Announcement Details
QuarterQ2 2026
Date07/29/2026
TimeBefore Open
Conference CallWednesday, July 29, 2026
DE:A5SA Upcoming Earnings
Aston Martin Lagonda Global Holdings plc's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a clear improvement trajectory: strong top-line growth (revenue +38%), significant gross profit expansion (+68%), volume gains (+21% wholesales) and a successful high-margin Specials launch (Valhalla). Cash generation and margins are moving in the right direction and liquidity was materially strengthened with a GBP 550m financing. However, meaningful challenges remain: the company is still loss-making at adjusted EBIT, leverage is high (adjusted net leverage ~8.9x), net financing costs jumped materially, free cash flow remains an outflow (though improved), and core ASP/aged stock issues persist and delayed into H2. Overall, the results are a mixture of strong operational and product successes tempered by financial and balance sheet constraints; positives and negatives are roughly balanced.Company Guidance
Strong Revenue Growth
Revenue for H1 2026 reached GBP 629 million, up 38% year-over-year, driven by higher wholesales and a stronger Specials mix (notably Valhalla).
Wholesale and Retail Volume Expansion
Total wholesale volumes increased 21% year-over-year to 2,331 units, with retail volumes outpacing wholesales by over 30%, indicating strong end-customer demand and improving stock balance.
Valhalla: Successful Specials Launch
Over 220 Valhalla deliveries in H1 (representing ~10% of the mix versus 1% prior year). Valhalla ASP ~GBP 1.15 million; company expects ~500 Valhalla deliveries for the full year. Positive customer and press reception reported.
Average Selling Price (ASP) Upswing
Total ASP increased 17% to GBP 241,000, benefiting from the higher proportion of high-value Specials (Valhalla).
Material Gross Profit and Margin Improvement
Gross profit rose 68% from GBP 127 million to GBP 213 million. Gross margin improved to 34% from 28% year-over-year, with guidance that gross margin should expand into the high 30s for the full year.
Improved Adjusted EBIT Trend
Adjusted EBIT loss improved by 10% year-over-year to a GBP 109 million loss, reflecting higher volumes, improved product mix and transformation benefits.
Free Cash Flow Progress
Free cash flow outflow narrowed to GBP 198 million from GBP 321 million year-over-year (improvement of GBP 123 million). Free cash flow excluding net cash interest approached breakeven for the quarter.
Liquidity Strengthened via Financing
New GBP 550 million debt financing announced (GBP 450m senior secured term loan + GBP 100m delayed draw). Pro forma liquidity as of 30 June 2026 increased to ~GBP 340 million (was GBP 145m at half-year end), providing additional resilience and execution flexibility.
Lower CapEx and Operational Benefits
CapEx in H1 was GBP 120 million, down GBP 50 million vs prior year. Management expects further CapEx discipline and sees transformation benefits (reduced variable marketing and improving quality metrics) supporting margin expansion in H2 and beyond.
DE:A5SA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed