Stellantis shares drop on cash flow miss, despite strong profit and revenue growth

Stellantis NV (NYSE:STLA, EPA:STLA)’ US-listed shares fell astir 5% connected Thursday greeting aft the automaker reported archetypal 4th 2026 results that missed escaped currency travel expectations, overshadowing stronger-than-expected gross and profit.

The institution posted antagonistic concern escaped currency travel of €1.9 billion, an betterment of 37% from a twelvemonth earlier but worse than expert expectations for a €1.2 cardinal outflow. The miss weighed connected capitalist sentiment contempt better-than-expected profitability.

Adjusted operating income came successful astatine €960 million, good supra statement estimates of €568 million, supported by stronger North American volumes and improving execution crossed cardinal regions.

Revenue roseate 6% twelvemonth implicit twelvemonth to €38.1 billion, supra the statement of €37.5 billion.

Net nett reached €0.4 billion, compared with a nonaccomplishment successful the anterior twelvemonth period, reflecting higher volumes and improved operating performance.

Regionally, North America led maturation with a 6% income summation and a 4% emergence successful US volumes, outperforming a declining market. Market stock roseate to 7.9%, driven by spot successful Ram and Jeep, which benefited from caller and refreshed models, including the Jeep Cherokee, Grand Cherokee, Wagoneer, and Dodge Charger SIXPACK.

In Europe, income roseate 5%, oregon 8% including Leapmotor, with marketplace stock expanding to 17.5%. Growth was supported by hybrid and electrical offerings arsenic good arsenic caller launches specified arsenic the Fiat Grande Panda ICE.

South America income roseate 1%, though marketplace stock declined, portion Stellantis maintained enactment positions successful Brazil and Argentina. In the Middle East and Africa, income were stable, with stock rising to 11.5%, helped by gains successful Algeria and Türkiye. Asia Pacific income fell 4%, though India posted beardown 71% growth.

As we initiate quarterly reporting, the archetypal 3 months of 2026 bespeak the aboriginal results of our actions to instrumentality Stellantis to sustainable, profitable growth,” Stellantis CEO Antonio Filosa said successful a statement.

“The products we launched successful 2025 person been good received and we’re assured that the 10 caller vehicles planned for 2026 volition physique connected this momentum.”

The institution reaffirmed its full-year 2026 outlook, calling for nett revenues to summation astatine a mid-single-digit percent complaint and for its adjusted operating income borderline to scope a low-single-digit percentage.

Stellantis besides expects concern escaped currency travel to amended twelvemonth implicit year, contempt including astir €2 cardinal successful currency payments related to second-half 2025 charges. The automaker added that it inactive expects to make affirmative concern escaped currency travel successful 2027.