Stellantis reported first-quarter 2026 financial results demonstrating improvement across primary financial indicators.
Net revenues increased 6 percent year-over-year to €38.1 billion, supported by enhanced North American performance alongside gains in Enlarged Europe and Middle East & Africa regions.
Net profit improved to €0.4 billion, primarily reflecting volume growth and strengthened operating performance.
Adjusted operating income reached €1.0 billion, representing an AOI margin of 2.5 percent, with most geographic regions delivering positive results. The automotive conglomerate confirmed its 2026 financial guidance consistent with this stronger performance trajectory.
During the quarter, Stellantis reinforced its balance sheet through three tranches of hybrid perpetual notes totaling €5 billion, enhancing liquidity and capital flexibility for ongoing operations and strategic initiatives.
Operational Progress Addresses Manufacturing Execution Gaps
First-quarter 2026 operations showed encouraging early progress indicators as Stellantis accelerated actions targeting improved industrial execution and sustainable profitable growth. Initiatives included addressing key manufacturing and quality issues while closing execution gaps identified in prior periods.
Strong customer response to 2025 product launches, combined with planned introduction of 10 new and 6 refreshed vehicles throughout 2026, is expected to strengthen momentum. The company characterized its position entering 2026 as solid, supported by a robust balance sheet and improving fundamental performance metrics.
North America Outperforms Declining Industry Trend
North American sales increased 6 percent compared to Q1 2025, with growth of 4 percent in the United States, 15 percent in Canada, and 19 percent in Mexico. Stellantis outperformed a declining US industry trend that contracted 6 percent during the quarter, emerging as the fastest-growing automaker in the region.
Market share rose to 7.9 percent, up 80 basis points year-over-year, driven substantially by Ram brand performance. US Ram sales increased approximately 20 percent year-over-year, representing the highest first-quarter performance since 2023 and establishing Ram as North America’s fastest-growing brand.
Jeep contributed to improvement through the all-new Cherokee, refreshed Grand Cherokee, Grand Wagoneer, and new Dodge Charger SIXPACK now available across US dealer showrooms, expanding customer choice in the region’s largest market.
European Operations Gain Market Share Through Diversification
Enlarged Europe sales increased 5 percent, or 8 percent including Leapmotor contribution, versus Q1 2025, driven primarily by Italy, Germany, and Spain. Stellantis outperformed modest industry growth during the quarter.
EU30 market share reached 17.5 percent, up 20 basis points year-over-year, or 18.1 percent including Leapmotor—a 70 basis point increase. Growth was supported by diversified portfolio positioning across battery electric vehicle, hybrid, and internal combustion engine powertrains, including the Fiat Grande Panda ICE launch on the Smart Car platform.
The C-SUV portfolio strengthened through Citroën C5 Aircross and Jeep Compass offerings. Stellantis reaffirmed leadership in the EU30 light commercial vehicle segment, achieving 28.7 percent market share. Leapmotor continued building commercial momentum across Europe, emerging as Italy’s leading BEV brand.
South America Maintains Leadership Despite Share Decline
South American sales increased 1 percent, or 2 percent including Leapmotor, versus Q1 2025. Despite market share decrease of 270 basis points year-over-year, Stellantis maintained regional leadership with 21.1 percent market share, confirming number one positions in Brazil at 28.9 percent and Argentina at 28.9 percent.
Key launches during the quarter included the all-new Ram Dakota, Jeep Renegade MCA, Jeep Commander MHEV, and Leapmotor B10. Stellantis confirmed leadership in the LCV segment, achieving 33.8 percent market share.
Mixed Results in Middle East, Africa, and Asia Pacific
Middle East & Africa sales remained stable despite declining industry trend down 4 percent year-over-year. Stellantis market share increased to 11.5 percent, up 50 basis points year-over-year, driven by 18 percent sales growth in Algeria—where the company holds the number one position—and Turkey. Key product launches included Jeep Compass and refreshed Peugeot 408 in Turkey, plus Citroën Basalt in South Africa.
Asia Pacific sales declined 4 percent, or 2 percent including Leapmotor, versus Q1 2025, reflecting weaker industry environment. India delivered notable 71 percent sales increase during the quarter, fueled by Citroën’s refreshed lineup.