BMW Group Q2 Profit, Deliveries Down; Backs Weak FY26 Outlook; In Talks For Job Cuts

BMW Group reported lower second-quarter profit, citing weak revenues and deliveries, and said it is in talks with workers on extensive workforce restructuring involving voluntary severance packages. The company also kept its fiscal 2026 outlook after trimming it mid-June, pointing to negative developments in China and the impact of conflict in the Middle East. Quarterly net profit fell 34.9% to €1.200 billion from €1.842 billion a year earlier, while revenues declined 7.9% to €31.259 billion. Group pre-tax earnings dropped 35.1% to €1.697 billion, and EBIT fell 38.7% to €1.631 billion. BMW Group delivered 590,947 vehicles in the quarter, down 4.9% year over year, with BMW down 7.7% and Rolls-Royce down 11.5%, while MINI rose 17.1%.