Stellantis Returns to Profit in the First Half of 2026

Stellantis Returns to Profit in the First Half of 2026, Signaling Financial Recovery

Stellantis has achieved profitability in the first half of 2026, marking a significant turnaround in its financial situation after a challenging period. The automotive manufacturer reported a net profit of €670 million, compared to a loss of €2.25 billion the previous year.

In the first six months of the year, the group’s revenue increased by 10%, reaching €81 billion. This improvement was notably bolstered by a strong performance in the second quarter, during which Stellantis also returned to profitability.

From April to June, net revenue amounted to €43.5 billion, reflecting a 13% year-on-year increase. This growth was primarily driven by North America, where revenues surged by 32%, alongside a 6% growth in South America. Overall, the extended European market remained stable, while the Middle East and Africa and Asia-Pacific regions experienced a slight decline.

The group achieved a net profit of €300 million in the second quarter, a stark contrast to a loss of €1.8 billion during the same period in 2025. This improvement can be attributed to increased sales volumes and advancements in operational efficiency.

Operating profit reached €800 million, with a margin of 1.8%, reflecting a 120 basis points improvement year-on-year. The industrial free cash flow stood at €1 billion, which is an improvement of €1 billion over the second quarter of 2025.

Available industrial liquidity rose to €44.1 billion, representing 27% of the net revenue for the past twelve months, remaining within the group’s target range of 25% to 30%.

In terms of commercial performance, North America emerged as a key growth driver. Sales increased by 6% in the second quarter, with a notable 6% rise in the United States and a 17% increase in Mexico. Specific models in the U.S. saw significant sales growth, most notably the Jeep Grand Wagoneer, which saw a 43% increase in sales, along with the Ram 1500 and Dodge Durango, each up by 9%.

In the extended European market, sales in the EU30 markets rose by 3%, and by 7% when including Leapmotor. Stellantis maintained its leading position in the light commercial vehicle market with a market share of 28.7%. Leapmotor sales also surged, increasing sixfold compared to the previous year.

In the Middle East and Africa region, while Stellantis experienced a 6% decline in sales, this was less than the regional market contraction of approximately 8%. Stellantis slightly increased its market share, securing first place in the light commercial vehicle segment with a market share of 24.7%.

This region benefitted particularly from commercial launches in Turkey, Tunisia, Morocco, and Egypt. In Algeria, over 20,000 vehicles were produced and sold locally during the quarter.

In South America, despite a 2% decline in sales, Stellantis maintained its regional leadership with a market share of 19.1%. The company remains number one in both Brazil and Argentina, with respective market shares of 25.6% and 26%.

Conversely, sales in the Asia-Pacific region decreased by 29%, largely due to a drop in sales of the Peugeot 408. However, the group registered its highest delivery level in June over the past six months.

Building on this improvement, Stellantis has reaffirmed its financial outlook for the full 2026 fiscal year as part of its strategic plan, "FaSTLAne 2030." The manufacturer expects to allocate between 6.5% and 7% of its net revenue to investment and research and development.

The group also anticipates a net impact from tariffs ranging between €1 billion to €1.2 billion for the fiscal year. The performance for the second half is expected to be more concentrated in the fourth quarter, partly due to scheduled summer production stoppages in the third quarter and continued operational improvement efforts.

This return to profitability marks a significant milestone for Stellantis, which aims to continue its recovery by improving its industrial performance, refreshing its product lines, and developing electric, hybrid, and combustion vehicles in its key markets.