Stellantis Q2 net revenues rise 13% to €43.5 billion, guidance reaffirmed

Stellantis reported stronger second-quarter 2026 results, with net revenues rising 13% year over year to €43.5 billion and net profit improving to €293 million from a €1.87 billion loss a year earlier, driven mainly by a 32% revenue increase in North America. Adjusted operating income rose to €773 million from €213 million but was below a Reuters analyst consensus estimate of €914 million. The automaker reaffirmed its 2026 guidance, said implementation of its FaSTLAne 2030 strategy and broader turnaround efforts are underway, and said new model launches are starting to support performance. It also said it is concentrating 70% of product investment on four core brands - Jeep and Ram in the U.S., and Peugeot and Fiat in Europe - under a $70 billion revival plan. Stellantis continues to expect second-half 2026 performance to be weighted toward Q4 after a Q3 summer production shutdown and estimates a €1.0 billion to €1.2 billion net tariff headwind for 2026. Milan-listed shares fell after the release, dropping more than 8% at one stage before trimming losses to around 5%, according to Reuters.