Volkswagen Stock Falls 3% as Q2 Profit Misses and 2026 Revenue Outlook Cut
TLDR
- Volkswagen Q2 operating profit fell nearly 10% to €3.5 billion, missing estimates of €4.3 billion
- The company cut its 2026 revenue forecast from up to 3% growth to a decline of up to 3%
- Vehicle sales dropped 8.4% in H1 2026, driven by a 31.6% collapse in China
- VW confirmed plans to cut up to 100,000 jobs, double the previously stated figure
- The stock slipped 3% Friday and is down nearly 30% year-to-date
Volkswagen stock fell 3% on Friday after the German automaker reported weaker-than-expected second-quarter profits and slashed its 2026 revenue outlook. The stock is now down nearly 30% year-to-date.
Q2 operating profit came in at €3.5 billion ($3.98 billion), down nearly 10% from a year ago. That missed analyst expectations of €4.3 billion, according to LSEG data.
The company also reversed its full-year revenue guidance. It now expects sales revenue to decline up to 3% in 2026, compared to a previous forecast of up to 3% growth.
VW IS RESETTING FOR A LOWER-VOLUME FUTURE
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