Investors await Stellantis results to assess progress on cost cuts and cash flow targets after Q2 shipments rose 10% year-over-year.
Stellantis (STLA) will release first-half earnings on Thursday, with revenue expected to reach 80.71 billion euros ($91.82 billion), a near 9% increase from last year. Adjusted earnings per share are forecast at 0.35 euros ($0.40), while adjusted operating income may hit 1.42 billion euros ($1.62 billion), nearly triple the 540 million euros posted in H1 2023.
The automaker confirmed its 2026 guidance after Q1, targeting mid-single-digit net revenue growth and low-single-digit adjusted operating margins. Stellantis aims to restore positive industrial free cash flow by 2027. Competitors Ford (F) and GM (GM) recently raised full-year profit forecasts, increasing pressure on Stellantis to deliver.
Q2 shipments rose 10% year-over-year to 1.6 million units, driven by 38% growth in North America and 5% in Europe. Weakness in South America (-7%) and the Middle East & Africa (-4%) offset gains, reflecting economic and geopolitical challenges.