Stellantis returns to profit with €38.1bn Q1 revenue

Stellantis has reported a return to profitability in the first quarter of 2026, posting improved results across all key financial metrics as the automaker begins to execute its strategy for sustainable growth.

The company recorded net revenues of €38.1 billion, up 6% year on year, driven by volume growth across all regions, with North America leading the expansion. Net profit reached €0.4 billion, reflecting stronger operating performance and higher sales volumes.

Adjusted operating income came in at €1.0 billion, representing a margin of 2.5%, with most regions delivering positive results.

Chief Executive Officer Antonio Filosa said the results mark an encouraging start to the year.

“The first three months of 2026 reflect the early results of our actions to return Stellantis to sustainable, profitable growth,” Filosa said. “The products we launched in 2025 have been well received, and we’re confident that the 10 new vehicles planned for 2026 will build on this momentum.”

Industrial free cash flow remained negative at €1.9 billion, reflecting typical first-quarter seasonality, but improved 37% compared with the same period last year despite €0.7 billion in cash outflows linked to prior charges.

The group maintained strong liquidity, with €44.1 billion in industrial available liquidity at the end of March, equivalent to 28% of trailing 12-month revenues and within Stellantis’ target range.

To further bolster its balance sheet, the company issued €5 billion in hybrid perpetual notes during the quarter, enhancing financial flexibility.

Stellantis reported growth across most key markets, with North America standing out as a major contributor. Sales in the region rose 6%, with particularly strong gains in Canada and Mexico. The company also outperformed a declining US market and increased its regional market share to 7.9%.

In Europe, sales rose 5% – or 8% including Leapmotor – supported by demand in Italy, Germany and Spain. Stellantis maintained a strong presence in the EU light commercial vehicle segment, achieving a 28.7% market share.

South America saw modest growth, with the company retaining its leadership position in Brazil and Argentina. Meanwhile, performance in the Middle East and Africa remained stable despite a broader market downturn, and Asia Pacific sales declined slightly amid weaker industry conditions.

The company pointed to strong customer response to its 2025 product launches as a key driver of performance, with further momentum expected from the planned rollout of 10 new and six refreshed vehicles in 2026.

Stellantis also confirmed its full-year 2026 financial guidance, expecting continued improvements in revenues, operating margins and cash flow.