Stellantis earnings date
Stellantis (STLAN) Q3 2026 Earnings Report
MX:STLAN Q3 2026 EPS Results
- Actual EPS
- -MXN 0.21
- Consensus EPS
- -MXN 2.78
- Beat/Miss
- Beat by +MXN 2.58
- One Year Ago EPS
- -MXN 1.25
MX:STLAN Q3 2026 Revenue Results
- Actual Revenue
- MXN 781.15B
- Expected Revenue
- MXN 753.25B
- Beat/Miss
- Beat by +MXN 27.91B
- YoY Revenue Growth
- ―
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 10/28/2026
- Time
- Before Open
- Conference Call
- Wednesday, October 28, 2026
Stellantis's next earnings date is estimated for March 3, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call was cautiously optimistic. Management acknowledged a soft quarter, negative industrial free cash flow, lower volumes, European losses, pricing pressure, inventory concerns, and commodity, memory-chip, tariff, restructuring, and recall headwinds. However, these challenges were outweighed by year-over-year improvements across key financial and operating metrics, strong cost-reduction execution, improving quality and manufacturing efficiency, regional and product wins, reaffirmed 2026 guidance, and confidence in positive free cash flow in 2027.
Stellantis reaffirmed its 2026 guidance, including the expectation to be free cash flow positive in 2027; 2026 free cash flow is expected to be better than 2025, with no specific number provided, while Q4 working capital is expected to be a positive contribution and full-year working capital almost breakeven. Q4 overall volumes are expected to be higher, primarily driven by Europe; pricing is expected to remain broadly stable overall, with North America expected to remain positive and Europe stabilizing but remaining a year-over-year headwind. U.S. dealer inventory is expected to close 2026 between 320,000 units-350,000 units, and VCP savings are expected to accelerate in Q4, reaching mid hundreds of millions of euros. Guidance includes approximately EUR 1 billion of net tariff costs, approximately EUR 1.6 billion of payments related to charges recorded in the second half of 2025, and CapEx and R&D spending of approximately 6.5% of net revenues in 2026; year-over-year for Q4, commodities are expected to produce a 1% of revenue cost increase, with that expected to increase next year, while memory chips and recall-related expenses are additional headwinds. VCP is expected to start 2027 higher than EUR 2.4 billion of cost saving and reach the EUR 6 billion run rate cost saving by 2028, with the company expecting to exceed both milestones.
- Year-over-Year Financial Improvement Despite Lower VolumesNet revenues increased 1% to EUR 37.6 billion despite shipments declining 1% to 1.3 million units. Adjusted operating income was $256 million, up $166 million or 184% year-over-year, while AOI margin improved 50 basis points to 0.7%.
- Industrial Cost Reduction Delivered Strong AOI ImprovementIndustrial cost was the largest driver of the year-over-year AOI improvement, with an $828 million improvement reflecting another quarter of cost reduction. Purchasing efficiencies, including initial Value Creation Program benefits, accounted for the majority of the improvement.
- Value Creation Program Ahead of ScheduleManagement expects to exceed its plan to implement 40% of the initiatives comprising the €6 billion target by the end of 2026. VCP contributed to Q3 results, is expected to provide an even greater tailwind in Q4, and is expected to reach more than EUR 2.4 billion in 2027 run-rate savings, with management stating it expects to exceed the EUR 6 billion run-rate target by 2028 and forward.
- Manufacturing Efficiency and Quality ImprovementsOverall production efficiency improved year-over-year, with North America improving by more than 10 percentage points. Product quality improved 46% in North America and 13% in Europe, according to management.
- 2026 Guidance and 2027 Free Cash Flow Commitment ReaffirmedStellantis reaffirmed its 2026 financial guidance and its expectation to generate positive industrial free cash flow in 2027. For 2026, management expects free cash flow to be better than 2025, without providing a specific full-year amount.
- North America Gained Share and Improved ProfitabilityStellantis said it was among the fastest-growing OEMs in North America year-to-date and gained share year-over-year. North American AOI reached $64 million, with a 0.4% margin and a $539 million year-over-year improvement, driven by industrial cost reductions, early VCP benefits, and favorable pricing.
- Ram 1500 and New Product Demand in North AmericaThe Ram 1500 light-duty pickup grew 73% year-over-year in the U.S. The Ram Rebel Sport Truck sold out its initial allocation within 24 hours of orders opening, and management described customer demand as strong.
- Expansion of North American Product CoverageStellantis launched the Jeep Recon BEV and expects the Ram ProMaster City to be the only midsize commercial van available in the U.S. It also plans to launch the Jeep Grand Wagoneer REEV as the first and only large SUV offering range-extended hybrid technology, according to management.
- European BEV and Smart Car Platform GrowthDespite a challenging European environment, Stellantis reported strong demand for Smart Car platform nameplates and rising BEV demand in France, Germany, and the U.K. EU30 passenger-car BEV sales grew 65% year-over-year, or 93% including Leapmotor.
- Leadership in European Light Commercial VehiclesPro One remained the market leader in light commercial vehicles with almost 27% market share. Stellantis plans to introduce the Pro One Smart Car compact van in November.
- Leapmotor Partnership ExpansionLeapmotor volumes increased fourfold year-over-year. Production of C-segment vehicles, beginning with the B10, started at the Zaragoza plant in Spain, with the B05 planned for the first half of 2027. Stellantis also began localizing production of the Leapmotor B10 and C10 in Malaysia.
- South America Maintained Regional LeadershipStellantis maintained almost 19% market share in South America, including Leapmotor, and remained number one in Brazil and Argentina, each with more than 25% market share. Brazil sales increased 5% year-over-year to more than 200,000 units.
- Ram and Brazil Performance in South AmericaRam sales in South America increased 33%, driven by the all-new Dakota midsize pickup. In Brazil, growth was mostly driven by Fiat and Ram pickups, which management described as the largest profit pool in the region.
- Localization Progress in Middle East and AfricaSmall van production began in Turkey in October, and sales of locally produced vehicles in Algeria increased 22%. Stellantis said increasing localization in the region is part of its FaSTLAne 2030 plan.
- Asia-Pacific Partnership and Joint Venture DevelopmentStellantis established Dongfeng Stellantis Automotive Technology, a new joint venture intended to support development of two new Jeep and two new Peugeot models for global markets.
- Positive Pricing in North AmericaNet pricing contributed $23 million overall, including a $421 million improvement in North America. Management separately described the Q3 North American net-pricing impact as around EUR 425 million positive versus last year and said pricing is expected to remain positive in North America.
- Working Capital Reversal Expected in Q4Management expects a substantial Q4 reversal of working capital, with full-year working capital expected to be almost breakeven. The primary driver is expected to be inventory reduction as OEM inventory is sold down toward year-end.
- Capital Spending Remains Consistent with FaSTLAne PlanCapital expenditures declined by EUR 0.5 billion year-over-year. Full-year CapEx and R&D spending are expected to represent approximately 6.5% of net revenues in 2026, consistent with the FaSTLAne investment framework, and management said the lower CapEx reflects the normal ramp-up of new-product development rather than a slowdown.
- Concrete VCP Initiatives Across the Cost StructureManagement cited wiring-harness redesign and benchmarking, optimization of precious materials in catalysts, an AI-powered predictive-maintenance tool being expanded to 100% of manufacturing plants, the AI-powered Optima logistics-routing tool being expanded across plants, and plans to insource hot stamping in North America.
- Product Pipeline for 2027Management outlined planned launches including the Ram ProMaster City, new Jeep Grand Cherokee, Jeep Wrangler, Jeep Gladiator, and Dodge Durango in 2027. It also expects two Chrysler vehicles priced below $29,000 by the end of 2027, as well as additional smaller Ram pickup offerings.
- Lower-Cost EV Technology PlannedFor Europe, management expects the STLA One platform to support segments B, C, and entry D beginning in 2027, and plans to switch many nameplates from NMC to lower-cost LFP battery chemistry.
MX:STLAN Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Mar 03, 2027 | 2026 (Q4) | 2.08- | -11.22 | ― | ― |
| Oct 28, 2026 | 2026 (Q3) | -2.78-0.21 | -1.25 | 83.33% (+1.04) | |
| Jul 30, 2026 | 2026 (Q2) | 4.921.45 | -1.04 | 240.00% (+2.49) | |
| Apr 30, 2026 | 2026 (Q1) | 2.684.36 | 4.98 | -12.50% (-0.62) | |
| Feb 26, 2026 | 2025 (Q4) | 13.08-11.22 | 12.44 | -190.15% (-23.66) | |
| Jul 29, 2025 | 2025 (Q2) | 7.68-1.04 | 49.02 | -102.12% (-50.05) | |
| Feb 26, 2025 | 2024 (Q4) | 11.2412.44 | 28.41 | -56.21% (-15.97) | |
| Jul 25, 2024 | 2024 (Q2) | 46.5949.02 | 27.85 | 75.99% (+21.16) | |
| Feb 15, 2024 | 2023 (Q4) | 27.8928.41 | 29.49 | -3.66% (-1.08) | |
| Jul 26, 2023 | 2023 (Q2) | 54.8727.85 | 27.02 | 3.07% (+0.83) |
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.
