Stellantis operating income triples to €773M on North America rebound

Stellantis reported second-quarter net revenue of €43.5 billion, up 13 percent from a year earlier, as a turnaround in its North American operations drove the automaker's adjusted operating income to €773 million — more than triple the €213 million posted in Q2 2025.

"The second quarter was marked by continued progress, led by North America and supported by important contributions from all other regions," Chief Executive Officer Antonio Filosa said.

North America revenue surged 32 percent to €18.2 billion, swinging the region to an adjusted operating profit of €284 million from a €440 million loss a year ago. The region's AOI margin improved 480 basis points to 1.6 percent, helped by a 6 percent increase in US sales that outpaced an industry decline of 0.3 percent. US retail sales of the Jeep Grand Wagoneer rose 43 percent, while Ram 1500 sales increased 9 percent.

The automaker generated €1 billion in industrial free cash flow during the quarter, compared with €31 million in the same period last year. Net profit swung to €293 million from a €1.87 billion loss in Q2 2025, when the company took €2.6 billion in charges including platform impairments, fuel cell program discontinuation costs and CAFE penalty rate adjustments.

Enlarged Europe posted an AOI loss of €94 million, narrowing from a €359 million loss a year ago, as revenue held flat at €16.4 billion. South America delivered €402 million in AOI, though its margin contracted to 9.3 percent from 19.1 percent on higher costs. Middle East & Africa contributed €329 million in AOI with a 12.8 percent margin, while Asia Pacific posted €27 million.

Stellantis confirmed its full-year 2026 guidance, calling for mid-single-digit net revenue growth, a low-single-digit AOI margin and improved industrial free cash flow. The company said its FaSTLAne 2030 strategy is underway and new product launches remain on schedule.

The results signal that cost-cutting and new product momentum are beginning to restore profitability after a difficult 2025. Investors will watch whether North America's recovery can sustain as the company rolls out additional models on its Smart Car platform in Europe and expands Leapmotor-branded EV distribution outside China.

This article is for informational purposes only and does not constitute investment advice.