Stellantis reported stronger financial results in the second quarter of 2026, driven mainly by growth in North America and steady contributions from other regions. The company’s net revenues rose 13% to €43.5 billion compared to the same period last year, while net profit reached €0.3 billion as operating performance gradually improved.
Financial Performance Highlights
Adjusted operating income (AOI) for Q2 2026 stood at €0.8 billion, delivering a margin of 1.8%, up 120 basis points year-over-year. Most regions posted positive AOI margins except Enlarged Europe, which reported a small operating loss margin of -0.6%. Industrial free cash flows improved significantly to €1.0 billion, an increase of about €1.0 billion from Q2 2025, reflecting better efficiency and volume growth.
Stellantis also maintained solid liquidity, with available industrial cash reaching €44.1 billion. This amount corresponds to 27% of the past 12 months’ net revenues, keeping the company within its target liquidity range of 25-30%.
Regional Sales Developments
North America showed strong momentum with sales up 6% versus Q2 2025, outpacing the overall U.S. market decline of 0.3% during the same period. Jeep Grand Wagoneer sales surged 43%, while Ram 1500 and Dodge Durango each grew by 9%. Mexico recorded a notable 17% increase in sales, helping lift Stellantis’ market share in North America to 7.4%, up 40 basis points.
In Enlarged Europe, sales were flat overall but increased 3% within the EU30 countries, supported by diversified powertrain options including new plug-in hybrids and internal combustion models like the Fiat Grande Panda on the Smart Car platform. However, the region’s AOI margin remained negative.
South America saw a slight sales decline of 2%, but Stellantis kept its leading market share at 19.1%, including dominance in Brazil and Argentina. Ram pickups showed good growth, especially in Brazil, with a 10% increase in Q2 and a strong 30% rise in June.
The Middle East & Africa region faced a 6% sales drop amid tough market conditions but gained market share by 20 basis points, strengthening its position as the number two player in passenger cars and commercial vehicles. Local production boosts in Algeria and continued success in Turkey helped support results.
Asia Pacific sales dropped by 29%, affected by decreased orders for the Peugeot 408. Despite challenges there, Stellantis advanced local production of Leapmotor vehicles in Malaysia and unveiled plans for upcoming launches and joint manufacturing in China.
Outlook and Strategic Focus
Stellantis reaffirmed its financial guidance for 2026, emphasizing ongoing investments aligned with its FaSTLAne 2030 plan introduced earlier this year. Current estimates include tariff expenses of €1.0 to €1.2 billion for 2026 and capital spending around 6.5-7.0% of net revenues. The company expects better second-half results, with Q4 anticipated to be the strongest after a seasonal production pause in Q3.
The results call with management took place on July 30, 2026, addressing these developments and future expectations.
Source: Stellantis via Stellantis Investor Relations
Source: media.stellantis.com