Stellantis swings to Q2 profit of €293M; shares fall 5%

Stellantis reported a net profit of 293 million euros for the second quarter of 2026, reversing a loss of 1.87 billion euros from the same period last year. The results, announced on July 30, 2026, were driven by rising demand in North America, though shares fell 5% after adjusted operating income missed analyst estimates.

The company, which owns brands such as Jeep, Dodge, Fiat, Chrysler, and Peugeot, saw its adjusted operating income more than triple to 773 million euros in the April-to-June quarter, up from 213 million euros a year earlier. However, this figure came in below a Reuters analyst consensus estimate of 914 million euros.

Milan-listed shares of Stellantis reacted negatively to the earnings miss, plunging more than 8% after a brief trading halt on Thursday morning before paring losses to around 5%. The stock decline reflects investor disappointment that the profit recovery, while significant, fell short of market expectations.

The swing to profitability marks tentative progress under CEO Antonio Filosa’s turnaround plan, as North American demand showed signs of improvement. The region is a critical market for Stellantis, home to its high-margin Jeep and Ram brands, and the uptick helped offset challenges elsewhere.

Stellantis had posted a steep loss of 1.87 billion euros in the second quarter of 2025, making the current profit a notable reversal. The company has been working to streamline operations and revitalize its product lineup amid a competitive global auto market.

The earnings report indicates that Filosa’s strategy is beginning to yield results, but the share price drop suggests investors remain cautious about the pace of recovery. Stellantis will likely need to sustain North American momentum and address other regions to meet future targets.