Stellantis Q3 2026 revenue rises 1% to €37.6bn as net loss narrows 90% and guidance is reaffirmed
Stellantis cut its third-quarter net loss by 90% to €0.5 billion on revenue of €37.6 billion and reaffirmed its 2026 guidance, as early FaSTLAne 2030 execution and a €6 billion cost programme ramped up.
- €37.6 billion
- €0.5 billion
- 0.7%
- −€4.0 billion
What Happened
Stellantis reported third-quarter 2026 net revenues of €37.6 billion, up 1% year-over-year, as higher volumes in Enlarged Europe and stable volumes plus favorable exchange rates in South America offset declines elsewhere. The net loss was €0.5 billion, a 90% improvement on a prior-year quarter that was hit by significant items, leaving a €217 million profit for the first nine months against a €6.8 billion loss a year earlier. Adjusted operating income rose to €0.3 billion for a 0.7% AOI margin, up 50 basis points, with every region delivering a positive AOI margin except Enlarged Europe. Industrial free cash flow was negative €4.0 billion, €0.3 billion better than a year earlier on improved operating performance, and industrial available liquidity closed at €42.7 billion, equal to 26% of trailing 12-month net revenues and inside the company's 25-30% target range. Consolidated shipments slipped 1% to 1.286 million units and combined shipments fell 2% to 1.308 million.
- €37.6 billion vs €37.2 billion (+1%)
- €0.3 billion vs €0.09 billion (+184%)
- 0.7% vs 0.2% (+50 basis points)
- Enlarged Europe: +3%, driven by higher volumes
- South America: +3%, on stable volumes and favorable foreign exchange
- North America: −3%, on lower volumes caused by planned production downtime
- Middle East & Africa: −19%, on lower volumes
- Asia Pacific: −7%, on lower volumes
- North America: sales up 1% (U.S. and Canada each down 0.3%, Mexico up 24%, or 28% including Leapmotor); market share 7.5%, up 10 basis points, with Ram up 30% as the fastest-growing brand in North America on year-over-year share gains, Ram 1500 up 73%, Dodge Durango up 14% and Chrysler Pacifica up 6%, while the U.S. industry fell 0.8%.
- Enlarged Europe: EU30 sales up 1% (6% including Leapmotor), Smart Car up 36%, EU30 passenger-car BEV sales up 65% (93% including Leapmotor) and LCV BEV sales up 46%; EU30 market share 14.8%, down 60 basis points (15.6% including Leapmotor, down 10 basis points), and LCV share 26.9%, down 110 basis points, with the Pro One Smart Car Compact Van added to the lineup.
- South America: sales down 4% (down 2% including Leapmotor) but regional leadership retained with 18.6% market share (18.9% including Leapmotor) and No. 1 positions in Brazil at 25.1% and Argentina at 25.3%; Fiat Strada up 13%, Toro up 26%, Fiat Pulse up 20% and Ram up 33% on the all-new Dakota.
- Middle East & Africa: sales down 22%, market share 10.1% (down 150 basis points) against an 11% regional industry decline, with the drop mainly due to weaker conditions in Türkiye, the phase-out of the Fiat Egea ahead of the all-new Fiat Grizzly launch and the October start of local small-van production; the region ranked second in LCV at 21.8% share, up 240 basis points.
- Asia Pacific: sales down 27% (down 22% including Leapmotor), driven primarily by lower Citroën C5X volumes, with market share at 0.2% versus 0.3%.
“During the quarter, we continued to make progress in the early execution of our FaSTLAne 2030 plan, launching new products, accelerating partnerships as planned, and delivering meaningful improvements in manufacturing and quality. At the same time, our Value Creation Program has ramped up rapidly, with positive contributions being recognized in the quarter, and we remain on track to implement at least 40% of the total €6 billion in run-rate efficiencies by the end of this year. As a result, we reaffirm our 2026 guidance, and our expectation of positive Industrial Free Cash Flow in 2027.”
- Full-year 2026 guidance reaffirmed: net revenues up mid-single-digit percent, AOI margin in the low-single-digit percent range and improved industrial free cash flow year-over-year, including about €1.6 billion of cash payments tied to H2 2025 charges, plus positive industrial free cash flow expected in 2027.
- Q4 2026 consolidated shipments expected to be higher than in Q3 2026, with broadly stable pricing versus Q3, a positive working-capital contribution from normal Q4 seasonality, and incremental cost headwinds from memory chips and recall costs.
- Continued focus on profitability by aligning production with demand, and management of North America inventory so that December 2026 converges to a similar level as December 2025.
- Full-year net tariff costs estimated at €1.0 billion, of which €0.6 billion was incurred through September; full-year capital expenditure and R&D spending estimated at 6.5% of net revenues, consistent with the FaSTLAne 2030 investment plan for the year.
- Full-year cash outflows related to H2 2025 charges estimated at approximately €1.6 billion, including €0.1 billion paid in Q3 2026 and €1.1 billion paid through September.
- Value Creation Program savings expected to keep accelerating, with mid-hundreds of millions of euros realized in Q4 2026, approximately double the amount realized in Q3 2026, and at least 40% of the total €6 billion in run-rate efficiencies to be implemented by the end of this year.
Malaysian production of the Leapmotor C10 and B10 begins and Dongfeng Stellantis Automotive Technology (Wuhan) Co. (DSAT) is established.
Dongfeng Peugeot Citroën Automobile Co., Ltd (DPCA) completes its shareholder loan-to-equity conversion, allowing development and expansion of two new Jeep and two new Peugeot models.
Local production of the small van begins in Türkiye.
Q3 2026 results are published and a results call with management is held at 1:00 p.m. CET / 8:00 a.m. EDT, with a webcast and recorded replay on the Stellantis investor site.
FaSTLAne 2030 / Maserati Day takes place in Modena, Italy.
Previously from Stellantis
Earlier in October, Stellantis said it shipped an estimated 1.3 million vehicles in the third quarter of 2026, down 1% year-over-year, as battery-electric gains in Europe were offset by planned production shutdowns in North America. Ahead of the Paris Motor Show, the company also previewed six of nine concept cars at a "Night Before" event in Paris, tying the design showcase to its FaSTLAne 2030 strategy and more than 50 planned product launches by 2030.
- Stellantis Q3 2026 shipments slip 1% to 1.3 million as Europe EV growth offsets North America decline
- Stellantis Unveils Six Concept Cars Ahead of Paris Motor Show, Teases 50-Plus Launches by 2030
Background drawn from MotorClaw's earlier coverage of Stellantis's official releases.
Why this matters
Stellantis is still losing money but far less than a year ago, and it reiterated its 2026 targets plus positive industrial free cash flow in 2027 — a signal for investors, suppliers and dealers judging whether its FaSTLAne 2030 turnaround is holding. Margins improved in North America, Asia Pacific and Middle East & Africa but fell in Enlarged Europe, while revenue dropped 19% in Middle East & Africa and 7% in Asia Pacific.
Terms in This Story
- Adjusted operating income (AOI)
- A non-GAAP profit measure that strips out items a company treats as one-off, used to show underlying operating performance; the AOI margin expresses it as a share of net revenues.
- Industrial free cash flow
- Cash generated or used by the manufacturing side of a business after capital spending, before financing activities; a negative figure means cash was consumed.
- Basis point (bps)
- One hundredth of a percentage point, used to describe small shifts in margins and market share.
- Run-rate efficiencies
- Annualised cost savings counted as though they were already in place for a full year, used to size a cost-reduction programme.
Summarised from the linked release; details can be imperfect — always verify against the original source.