Stellantis Shares Drop 4% After Reaffirming 2026 Outlook Despite €81.6 Billion First-Half Revenue
Updated
Updated · Yahoo Finance · Jul 30
Stellantis Shares Drop 4% After Reaffirming 2026 Outlook Despite €81.6 Billion First-Half Revenue
3 articles · Updated · Yahoo Finance · Jul 30
Summary
Stellantis fell more than 4% in premarket trading after it stuck with prior 2026 guidance instead of raising targets, despite reporting stronger first-half revenue and sharply higher operating income.
€81.61 billion in first-half revenue topped the €80.71 billion consensus and rose 10% year over year, while adjusted operating income climbed to €1.733 billion from €540 million; adjusted EPS of €0.32 missed the €0.35 estimate.
The automaker still forecasts mid-single-digit revenue growth in 2026, a low-single-digit adjusted operating margin, and a return to positive industrial free cash flow by 2027.
A €1.0 billion-€1.2 billion tariff headwind is still expected this year, although Stellantis said it received a €400 million IEEPA refund in the first half.
Pressure to upgrade guidance was heightened after Ford and GM raised full-year profit outlooks, even as Stellantis' turnaround showed sales traction with Q2 shipments up 10% to an estimated 1.6 million units.