In the second quarter, Stellantis, the parent company of brands like Jeep and Dodge, achieved a net profit of 293 million euros ($335.3 million), a notable recovery from a loss of 1.87 billion euros in the same period last year.
The adjusted operating income surged to 773 million euros, more than tripling from 213 million euros a year prior, although it did not meet the analyst consensus estimate of 914 million euros. Following the earnings announcement, Stellantis shares dropped over 8% before stabilizing at a 5% decline.
CEO Antonio Filosa highlighted the progress in North America and the implementation of the FaSTLAne 2030 strategy, expressing confidence in meeting the 2026 financial guidance. The company also reported industrial free cash flows of 1 billion euros, surpassing Citi's forecast of 600 million euros.
Despite this positive cash flow, Citi analysts noted that Stellantis's adjusted operating income margin remains low at 1.8%, suggesting that investors may wait for further evidence of improved operational performance before reassessing the stock