All reported data is unaudited. Reference should be made to the section “Safe Harbor Statement” included elsewhere within this document
n.m. – not meaningful
AMSTERDAM – Stellantis reported Q2 2026 financial results, with Net revenues increasing 13% year-over-year to €43.5 billion. The improvement was primarily driven by North America, up 32% year-over-year, and supported by South America, up 6% year-over-year, while Enlarged Europe was flat and Middle East & Africa and Asia Pacific were down slightly. Net profit improved to €0.3 billion in Q2 2026, reflecting higher volumes and a gradual improvement in operating performance.
Adjusted operating income(1) was €0.8 billion, representing an AOI margin(2) of 1.8%, with all regions delivering positive results except Enlarged Europe, with an AOI margin(2) of (0.6%).
Industrial free cash flows(3) were €1.0 billion in Q2 2026, an improvement of €1.0 billion versus Q2 2025, reflecting improved operating performance.
As FaSTLAne 2030 is underway, Stellantis is confirming its 2026 financial guidance, noting the following:
- Net tariff headwind now estimated at €1.0 billion to €1.2 billion; H1 2026 net tariff costs were €0.3 billion, including an International Emergency Economic Powers Act (IEEPA) tariff refund of €0.4 billion
- Includes ~€2 billion of cash payments related to H2 2025 charges, of which €0.9 billion was paid in H1 2026
- Full-year capital expenditures and R&D spending estimated at 6.5% – 7.0% of Net revenues; consistent with the FaSTLAne 2030 investment plan for this year
- H2 2026 performance expected to be weighted toward Q4, following Q3 summer production shutdown and continued operational performance improvements
Regional results for the quarter demonstrated progress across key markets.
North America: Sales increased 6% versus Q2 2025, achieving the fourth consecutive quarter of year-over-year growth with 6% increase in the U.S., 1% decrease in Canada and 17% increase in Mexico (increased 19% including Leapmotor(7)). Stellantis outperformed the U.S. industry trend which was down 0.3% in Q2 2026, including year-over-year increases in retail sales of Jeep® Grand Wagoneer up 43%, Ram 1500 up 9%, Dodge Durango up 9%, and Chrysler Pacifica up 7%. North America market share increased to 7.4%, up 40 basis points year-over-year, driven by new product and powertrain offerings, as well as Ram, whose U.S. sales increased approximately 11% year-over-year. Additionally, Mexico’s sales increased 17% (19% year-over-year including Leapmotor), delivering the strongest Q2 on record.
Enlarged Europe: EU30 sales increased 3% versus Q2 2025, 7% including Leapmotor(7), driven primarily by Smart Car. EU30 market share was 16.0%, down 80 basis points year-over-year or 16.8% including Leapmotor(7), down 10 basis points. Sales growth was supported by a diversified portfolio across BEV, hybrid and ICE powertrains, including the launch of the Fiat Grande Panda ICE on the Smart Car platform. The C-SUV portfolio continues to strengthen, supported by DS N°7, Lancia Gamma and Jeep® Compass 4xe. Stellantis reaffirmed its leadership in the EU30 LCV segment, achieving a 28.7% market share. Leapmotor continues to gain momentum with sales growing sixfold year-over-year.
South America: Sales decreased 2% versus Q2 2025, 1% including Leapmotor(7). Despite a market share decrease, Stellantis maintained its regional leadership with a 19.1% market share, 19.4% including Leapmotor(7). Stellantis maintains No. 1 positions in Brazil and Argentina, with market shares of 25.6% and 26%, respectively. Overall, Q2 2026 Ram sales in Brazil grew 10% year-over-year and ~30% year-over-year in June 2026, strengthening Stellantis’ position in the important Brazilian pickup market.
Middle East & Africa: The region remained resilient in Q2 2026 despite a challenging market environment. While sales declined 6%, market share increased by 20 basis points year-over-year against an approximately 8% regional industry contraction. The region retained its No. 2 position in passenger car and LCV sales and gained leadership in LCVs, with a 24.7% market share. Growth was supported by Türkiye, which maintained its No. 1 position across passenger car and LCV segments, and by Algeria, which achieved a record quarter with more than 20,000 locally produced and sold units. The region also benefited from LCV leadership across key markets and recent launches in Türkiye, Tunisia, Morocco and Egypt.
Asia Pacific: June 2026 deliveries reached a 6-month high. Sales decreased 29% versus Q2 2025, 22% including Leapmotor(7), driven primarily by declines in the Peugeot 408. Q2 2026 market share decreased slightly to 0.2%. Local Leapmotor-branded vehicle assembly in Malaysia implemented for the C10, and the B10 launch remains on track for Q3 2026. Additionally, partnership announced with DFM to develop and manufacture Peugeot and Jeep models in China.
Upcoming Events
- Q2 2026 Results Call with Management – July 30, 2026, at 2:00 p.m. CEST / 8:00 a.m. EDT. The webcast and recorded replay will be accessible under the Investors section of the Stellantis corporate website (www.stellantis.com).
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