Stellantis Q2 Net Profit Swings to €293M, Shares Fall
The automaker's adjusted operating income more than tripled to €773 million, boosted by North American demand, but missed analyst expectations.
Talivio News · Global1 min read
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Talivio News (AI illüstrasyon)
Stellantis swung to a net profit in the second quarter of 2024, reporting net income of 293 million euros ($335.3 million), compared with a loss of 1.87 billion euros in the year-ago period. The company released its second-quarter earnings on Thursday.
773M euros
Adjusted operating income in Q2 2024, more than triple the €213M in Q2 2023
Adjusted operating income more than tripled to 773 million euros from 213 million euros a year earlier. However, the figure fell short of an analyst consensus estimate of 914 million euros compiled by Reuters. The profit was boosted by rising demand in North America.
Following the earnings release, Stellantis' shares fell sharply, initially plunging more than 8% before paring losses to trade around 5% lower. The company showed tentative signs of benefiting from CEO Antonio Filosa's turnaround plan.
Updates
Stellantis reported Q2 2024 revenue of €43.5 billion, exceeding analyst expectations of €42.83 billion, while the company's industrial free cash flow reached €1 billion. Despite overall progress, the net profit of €293 million fell short of the forecasted €464 million, and adjusted operating income of €773 million missed consensus estimates of approximately €903 million to €914 million. CEO Antonio Filosa noted that "the second quarter was marked by continued progress, led by North America and supported by important contributions from all other regions," as the company reaffirmed its 2026 financial guidance.
Stellantis reported Q2 revenue of €43.5 billion, exceeding market expectations of €42.83 billion, while industrial free cash flow reached €1 billion. Although adjusted operating income margin improved to 1.8% from 0.6%, the company's net profit of €293 million fell short of the forecasted €464 million. CEO Antonio Filosa noted that "The second quarter was marked by continued progress," as the firm reaffirmed its 2026 financial guidance despite anticipating tariff headwinds between €1 billion and €1.2 billion for the year.
Stellantis reported second-quarter revenue of €43.5 billion, surpassing expectations of €42.83 billion and representing a 13% year-over-year increase. While the company's adjusted operating income of €773 million fell short of analyst estimates ranging from €903 million to €914 million, CEO Antonio Filosa noted that 'all key financial metrics are significantly improved year over year.' Additionally, the automaker reaffirmed its 2026 financial guidance and highlighted the operational impact of the FaSTLAne 2030 strategy, which includes the 2025 relaunch of the SRT brand and the restoration of Hemi V8 engines to its North American lineup.
Stellantis reported Q2 revenue of €43.5 billion, surpassing expectations of €42.83 billion, while industrial free cash flow reached €1 billion, showing a €1 billion improvement over the previous year. The company's adjusted operating income margin rose to 1.8% from 0.6%, and vehicle shipments increased by 10% to 1.6 million units compared to Q2 2025. Additionally, the automaker reaffirmed its 2026 financial guidance and estimated a net tariff headwind of €1 billion to €1.2 billion for the year.
