EarningsQ2 2026 Earnings Report
MX:STLAN Q2 2026 EPS Results
Actual EPS$1.39
Consensus EPS$4.69
Beat/MissMissed by -$3.30
One Year Ago EPS-$0.99
MX:STLAN Q2 2026 Revenue Results
Actual Revenue$860.33B
Expected Revenue$847.48B
Beat/MissBeat by +$12.85B
YoY Revenue Growth-41.45%
Earnings Announcement Details
QuarterQ2 2026
Date07/30/2026
TimeBefore Open
Conference CallThursday, July 30, 2026
MX:STLAN Upcoming Earnings
Stellantis's next earnings date is estimated for October 28, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:STLAN Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented strong operational and financial progress: double‑digit revenue growth (+13%), higher shipments (+10%), sizable AOI and margin improvement (+120 bps), positive industrial free cash flow (EUR 1.0B) and clear, quantified cost‑reduction targets (VCP EUR 6B by 2028). These positives are tempered by pricing pressure (notably in Europe), FX and tariff headwinds, elevated inventories, and remaining quality/cost gaps that will take time to fully resolve. Management reaffirmed 2026 guidance and the expectation of positive industrial FCF in 2027, signaling confidence in the recovery trajectory while acknowledging near‑term H2 headwinds and execution risk.Company Guidance
Revenue Growth
Net revenues of EUR 43.5 billion, up 13% year-over-year (≈ +EUR 5 billion).
Shipment and Volume Growth
Consolidated shipments of 1.6 million units, up 10% year-over-year, driven by North America and Europe.
Adjusted Operating Income and Margin Improvement
Adjusted operating income (AOI) of EUR 773 million, improving by EUR 560 million YoY; AOI margin of 1.8%, up 120 basis points YoY.
Industrial Free Cash Flow Turnaround
Industrial free cash flow positive at EUR 1.0 billion in Q2, an improvement of EUR 1.0 billion year-over-year; company reaffirms expectation of positive industrial FCF in 2027.
Large Industrial Cost Improvements
Industrial costs improved by more than EUR 1.9 billion YoY driven by manufacturing efficiencies, purchasing/material savings and non-repeat warranty/recall costs.
Manufacturing Efficiency Gains
Production efficiency improved 870 basis points in North America and 170 basis points in Europe year-over-year; plant efficiency ~89% cited for North America.
Quality Improvements
Three‑months in‑service quality improved 38% in North America and 24% in Europe year‑over‑year.
Strong North America Product & Market Performance
North America sales up 6% YoY; Ram up 12%, Chrysler up 54%; overall market share in North America up 40 basis points (U.S. +50 bps). Successful launches include Ram 1500 TRX SRT and planned SRT/RAM rollouts with SRT variants delivering margins 2–3x higher than non‑SRT equivalents.
EV and Leapmotor Momentum in Europe
Stellantis BEV sales +20% YoY in Europe (61% YoY including Leapmotor). Leapmotor sales in Europe increased sixfold YoY, becoming the fifth largest Chinese automotive brand in the region.
Regional Leadership and Product Wins
South America: #1 with >26% market share in Brazil and Argentina and Ram sales +10% YoY in Brazil. Middle East & Africa: market share +20 bps despite industry volumes down 8% and #1 in light commercial vehicles. APAC: June deliveries 6‑month high; localized assembly in Malaysia and partnership announced with Dongfeng in China.
FaSTLAne 2030 & VCP Targets
FaSTLAne 2030 strategy reaffirmed with VCP target of EUR 6 billion annual run‑rate cost reductions by 2028; plan to implement 40% of initiatives by end of 2026 implying ~EUR 2.4 billion AOI benefit in 2027.
Guidance Reaffirmation
Company reaffirms full‑year 2026 guidance and expects H2 weighting toward Q4; tariff expense outlook modestly improved to EUR 1.0–1.2 billion.
MX:STLAN 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