All reported data is unaudited. Reference should be made to the “Safe Harbor Statement” section included elsewhere in this document.
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AMSTERDAM – Stellantis has published its third quarter 2026 financial results, with net revenue up 1% year-on-year to €37.6 billion. The improvement was driven by higher volumes in Greater Europe and stable volumes and favorable exchange rates in South America, which resulted in net sales increasing 3% year-over-year in both regions. North America net revenues declined 3% due to lower volumes due to a planned production shutdown, Middle East and Africa net revenues declined 19% due to lower volumes, and Asia Pacific declined 7% due to lower volumes.
The net loss amounted to (0.5) billion euros in the third quarter of 2026, an improvement of 90% compared to the previous year which had been impacted by significant items.
Adjusted operating profit(1) improved to 0.3 billion euros, i.e. an AOI margin(2) by 0.7%, with North America up 340 basis points, Asia Pacific up 480 basis points, Middle East & Africa up 140 basis points and South America relatively flat, down 30 basis points year-on-year, while broader Europe was down 340 basis points year-on-year.
Industrial Free Cash Flow(3) are negative by (4.0) billion euros in the third quarter of 2026, an improvement of 0.3 billion euros compared to the third quarter of 2025, reflecting the improvement in operational performance.
FaSTLAne 2030 continues to gain momentum and Stellantis reaffirms its financial guidance for 2026, including positive industrial free cash flow in 2027, noting the following:
- Continued focus on profitability, aligning production with demand
- Higher total consolidated shipping volumes in Q4 2026 compared to Q3 2026
- Inventory management in North America, with December 2026 converging to a level similar to December 2025
- Overall stable pricing environment in the fourth quarter of 2026 compared to the third quarter of 2026
- Positive contribution to working capital in Q4 2026 due to normal Q4 seasonality
- Full-year net tariff costs estimated at €1.0 billion; 0.6 billion euros committed in September since the start of the year
- Full year cash outflows related to H2 ’25 charges estimated at approximately €1.6 billion, including €0.1 billion paid in Q3 2026 and €1.1 billion paid through September year-to-date.
- Full-year capital expenditures and R&D expenses estimated at 6.5% of net sales; in line with this year’s FaSTLAne 2030 investment plan
- Additional costs related to memory chips and recall costs compared to the third quarter of 2026
- Value Creation Program (“VCP”) savings are expected to continue to accelerate, reaching several hundred million euros in the fourth quarter of 2026, approximately double the amount achieved in the third quarter of 2026.
Regional results for the quarter demonstrated progress in key markets.
North America: Sales increased 1% compared to the third quarter of 2025, with a decrease of 0.3% in the United States and Canada, and an increase of 24% in Mexico (28% including Leapmotor(7)). Stellantis U.S. sales outperformed the U.S. industry trend, which was down 0.8% in the third quarter of 2026, driven by the Ram 1500, up 73%, the Dodge Durango up 14%, and the Chrysler Pacifica up 6% year over year. North America market share increased to 7.5%, up 10 basis points year-over-year, driven by new product and powertrain offerings, including Ram, whose North American sales increased 30% year-over-year and represented the fastest-growing brand in North America based on year-over-year market share gains.
Wider Europe: EU30 sales increased 1% compared to Q3 2025, 6% including Leapmotor(7)driven mainly by Smart Car, up 36% year-on-year and by growing demand for BEVs in France, Germany and the United Kingdom. Sales of BEVs for passenger cars in the EU30 increased by 65% year-on-year (93% including Leapmotor(7)) and sales of BEV light commercial vehicles in the EU30 increased by 46%. EU30 market share was 14.8%, down 60 basis points year-on-year or 15.6% including Leapmotor(7)down 10 basis points. Stellantis reaffirmed its leadership in the EU30 light commercial vehicle segment, achieving a market share of 26.9%, down 110 basis points year-on-year, and expands its range with the affordable Pro One Smart Car compact van. Leapmotor continues to gain momentum with sales almost quadrupling over the previous year.
South America: Sales down 4% vs. Q3 2025, down 2% including Leapmotor(7). Despite a drop in market share, Stellantis maintained its regional leadership with a market share of 18.6% (18.9% including Leapmotor(7)). Stellantis maintains its No. 1 positions in Brazil and Argentina, with market shares of 25.1% and 25.3%, respectively (25.5% and 25.6% including Leapmotor(7)). In major markets, the third quarter of 2026 saw year-on-year sales improvement with Fiat Strada up 13% and Toro up 26%, Fiat Pulse up 20% and the Ram brand up 33%, driven by the all-new Dakota.
Middle East and Africa: Sales decreased 22% compared to the third quarter of 2025. Market share was 10.1% and decreased 150 basis points year-over-year, compared to an 11% regional sector decline. The region is number two in LCVs with a market share of 21.8%, up 240 basis points year-on-year. The decline in sales is mainly due to weaker market conditions in Turkey and temporary transition effects in the country, including the phasing out of the Fiat Egea ahead of the upcoming launch of the all-new Fiat Grizzly and the start of local production of the small van in October.
Asia-Pacific: sales down 27% compared to Q3 2025, 22% including Leapmotor(7)driven mainly by the decline of the Citroën C5X. The market share in the third quarter of 2026 was 0.2%, compared to 0.3% in the third quarter of 2025. During the third quarter of 2026, Malaysian production of the Leapmotor C10 and B10 began and Dongfeng Stellantis Automotive Technology (Wuhan) Co. (DSAT) was established. In addition, Dongfeng Peugeot Citroën Automobile Co., Ltd (DPCA) completed the conversion of shareholder loan into equity in September 2026, enabling the development and expansion of two new Jeep models and two new Peugeot models.
Upcoming events
- Third Quarter 2026 Earnings Call with Management – October 28, 2026, at 1:00 p.m. CET / 8:00 a.m. EDT. The webcast and recorded replay will be available on the Investors section of Stellantis’ corporate website (www.stellantis.com).
- FaSTLAne 2030 / Maserati Day will take place in Modena, Italy on December 10.
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