Polestar Reports Q2 Revenue Below Estimates, Shares Drop
Polestar Automotive (NASDAQ:PSNY) reported second-quarter revenue below analyst expectations at $727 million versus a Bloomberg Consensus estimate of $864.7 million, leading to an 8.3% drop in its shares. The company also revised down its full-year volume growth guidance from double-digit to low-to-mid single digits. Despite the narrowed net loss compared to last year's $1.03 billion (now at $459 million), Polestar reported a wider adjusted EBITDA loss of $286 million for Q2 2026, up from $206 million in the same period the previous year. Polestar confirmed it remains compliant with its financial covenants and is maintaining constructive discussions with lenders under its $950 million Club Loan. The company ended the quarter with $888 million in cash.
Tickers: $PSNY
Topics: guidance_cut revenue_miss stock_drop