Stellantis reports Q1 2026 results with return to profitability

Stellantis has reported its financial results for the first quarter of 2026, showing a return to profitability and year-on-year improvement across key metrics.

The company posted net revenues of €38.1 billion, up 6% compared to the same period last year, supported by higher shipment volumes across all regions, with North America leading the growth. Net profit reached €0.4 billion, a significant turnaround from a loss in Q1 2025, reflecting improved operating performance and stronger demand.

Adjusted operating income stood at €1.0 billion, with a margin of 2.5%, as most regions delivered positive results. Meanwhile, industrial free cash flow remained negative at €1.9 billion, although this marked a 37% improvement year-on-year, in line with typical first-quarter seasonality.

Strong regional performance led by North America

North America was the standout region, with sales increasing 6% overall, including gains of 4% in the United States, 15% in Canada, and 19% in Mexico. The company also improved its market share to 7.9%, driven largely by strong demand for RAM models and Jeep’s refreshed SUV lineup.

In Europe, sales rose 5%, or 8% including Leapmotor volumes, supported by demand in key markets such as Italy, Germany and Spain. The company maintained a strong presence in the light commercial vehicle segment, with a 28.7% market share.

The Middle East and Africa region delivered stable sales despite a 4% decline in the overall market, with Stellantis increasing its market share to 11.5%. Growth was supported by strong performance in Algeria and Türkiye, along with new model launches including the Jeep Compass and Peugeot 408.

Product momentum and future outlook

Stellantis credited the positive results to strong customer response to its 2025 product launches, alongside ongoing improvements in manufacturing efficiency and quality. The company plans to introduce 10 new vehicles and refresh six existing models during 2026, aiming to build further momentum across global markets.

The company also strengthened its financial position during the quarter by issuing €5 billion in hybrid perpetual notes, supporting liquidity and long-term flexibility.

Looking ahead, Stellantis has confirmed its full-year 2026 guidance, expecting further growth in revenues, improved operating margins, and stronger cash flow performance as the year progresses.

CEO Antonio Filosa said the results reflect early progress in the company’s strategy to return to sustainable, profitable growth, with a renewed focus on customers and upcoming product launches expected to drive the next phase of expansion.