Stellantis Reports Higher Profit and Sales but Maintains Full-Year Guidance
Stellantis (STLA), parent company of Ram, Jeep, and Fiat, reported a significant increase in first-half profits and sales. Revenue reached €81.61 billion ($93.20 billion) for the period, surpassing expectations by nearly €1 billion. Adjusted operating income tripled to €1.733 billion compared to last year's €540 million. However, Stellantis reaffirmed its 2026 guidance without raising it, despite competitors like Ford and GM increasing their full-year projections. The company confirmed a target of mid-single-digit revenue growth for the year with low-single-digit adjusted operating income margin. It also highlighted challenges including an estimated €1-1.2 billion in net tariff headwinds but noted a first-half IEEPA refund of €400 million. Stellantis shares fell over 4% premarket as investors appeared disappointed by the unchanged guidance. Stellantis is focusing on four core brands—Jeep, Ram, Peugeot, and Fiat—and plans to invest heavily in North America with new affordable models under $40,000 through its FaSTLAne 2030 strategy. The company also emphasized strategic partnerships, including one with China's Leapmotor for European vehicles.
Topics: automotive financial_results guidance