Stellantis Reports Second-Quarter Profit Amid FaSTLAne Turnaround Progress
Stellantis (NYSE: STLA) returned to profitability in the second quarter of 2026, reporting a net profit of €293 million compared to a loss of €1.87 billion during the same period last year. The improvement was driven by stronger demand in North America and increased vehicle shipments across its core brands. The company's revenue rose 13% year-over-year to €43.48 billion, with vehicle shipments climbing 10% to 1.59 million units during the quarter. For the first half of 2026, Stellantis generated a net income of €670 million, surpassing Bloomberg's consensus forecast. Stellantis continues its FaSTLAne turnaround strategy under CEO Antonio Filosa, which aims to strengthen Jeep, Ram, Peugeot, and Fiat. The company reaffirmed its 2026 financial guidance despite anticipating increased tariff-related costs of €1 billion to €1.2 billion due to evolving global trade conditions.
Tickers: $STLA
Topics: automotive financial performance strategic transformation