Stellantis Q2 Earnings Call Highlights

Stellantis reported improved second-quarter 2026 results, pointing to higher shipments, better production efficiency and cost reductions while reaffirming its full-year outlook and expecting positive industrial free cash flow in 2027. Net revenues climbed 13% year over year to €43.5 billion, as consolidated shipments rose 10% to 1.6 million units. Adjusted operating income (AOI) increased to €773 million, up €560 million, and the AOI margin improved 120 basis points to 1.8%. Industrial free cash flow was positive €1 billion in the quarter. Management credited higher AOI, favorable seasonal working capital, and a lower capex and R&D run rate.