Revenue rose 2% to 49.2 trillion won, but weaker vehicle sales, production disruptions and higher costs left earnings below the 3.2 trillion won LSEG SmartEstimate forecast.
Hyundai Motor reported a 21% drop in second-quarter operating profit to 2.9 trillion won ($1.98 billion), missing analysts' estimates as weaker vehicle sales, production disruptions and higher costs offset support from a weaker won. Revenue for the April-June period rose 2% from a year earlier to 49.2 trillion won, while the result came in below a 3.2 trillion won LSEG SmartEstimate forecast. Shares were trading up 2% after the earnings announcement. Hyundai said macroeconomic uncertainty is likely to persist and industry competition will intensify, reflecting broader pressure on carmakers from higher energy and raw material costs and supply chain disruptions tied to U.S. tariffs and conflict in the Middle East.