Jeep maker Stellantis beats expectations as first-quarter operating income tops $1 billion
Stellantis reported a significant increase in adjusted operating income for the first quarter of 2026, reaching 960 million euros ($1.12 billion), surpassing analyst expectations and marking a sharp rise from the previous year. The automaker attributed the strong performance to improved North American sales and successful product launches, as it transitions to quarterly financial reporting. Despite the positive results, the company's shares have declined nearly 30% year-to-date, even with a recent monthly gain of over 10%.
- ▪Stellantis posted first-quarter adjusted operating income of 960 million euros, a 194% increase from 327 million euros in the same period last year.
- ▪The company's first-quarter net revenues rose 6% year-over-year to 38.1 billion euros.
- ▪Net profit for the quarter was 377 million euros, reversing a 387 million euro loss in the first quarter of 2025.
- ▪This marks the first time Stellantis has reported financial results on a quarterly basis instead of semi-annually.
- ▪Milan-listed shares of Stellantis are down nearly 30% year-to-date despite a more recent rise of over 10% in the past month.
- ▪CEO Antonio Filosa cited successful 2025 product launches and plans for 10 new vehicles in 2026 as drivers of momentum.
Opening excerpt (first ~120 words) tap to expand
Auto giant Stellantis on Thursday reported a near tripling of its adjusted operating income in the first three months of the year, supported by improved sales in its key North American market. The multinational conglomerate, which owns household names including Jeep, Dodge, Fiat, Chrysler and Peugeot, posted first-quarter adjusted operating income of 960 million euros ($1.12 billion). That comfortably beat an analyst consensus of 568 million euros, according to a Reuters poll, and reflects a 194% increase from adjusted operating income of 327 million euros a year ago.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at CNBC — Top.
Discussion
0 commentsMore from CNBC — Top
