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Stellantis second quarter profit miss sending shares lower despite revenue growth
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Stellantis second quarter profit miss sending shares lower despite revenue growth Proactive uses images sourced from ShutterstockStellantis NV (NYSE:STLA, EPA:STLA) reported its second quarter results on Thursday, with revenue growth and improved operating performance offset by a weaker-than-expected profit result.
The automaker reported net profit of €293 million ($336 million) for the quarter, below expectations of €464 million.
Adjusted operating income (EBIT) came in at €773 million, missing analyst estimates of roughly €903 million to €914 million.
The region's revenue increased 32% from a year earlier, while South America revenue rose 6%.
Stellantis reaffirmed its 2026 financial guidance, including expectations for mid-single-digit revenue growth, a low-single-digit adjusted operating income margin and year-over-year improvement in industrial free cash flow.