FaSTLAne 2030 Execution Continues with All Financial Metrics Improved Year-over-Year Guidance Reaffirmed Value Creation Program Ramping Up
Net revenues increased to 37.6 billion euros up 1.0% versus Q3 2025 Enlarged Europe up 3% South America up 3% North America down 3% Middle East and Africa down 19% Asia Pacific down 7%
Net loss was 0.5 billion euros in Q3 2026 a 90% improvement over the prior year which was impacted by significant items
Adjusted operating income was 0.3 billion euros in Q3 2026 with an adjusted operating income margin of 0.7% up 50 bps year-over-year This represents a 0.2 billion euro improvement versus Q3 2025 with all regions delivering positive adjusted operating income margins with the exception of Enlarged Europe
Industrial free cash flows improved 0.3 billion euros to negative 4.0 billion euros in Q3 2026
Industrial available liquidity closed at 42.7 billion euros representing 26% of trailing 12-month Net revenues and remaining within the Company s targeted 25-30% liquidity range
2026 Financial Guidance Reaffirmed including positive Industrial Free Cash Flow in 2027
CEO Antonio Filosa said 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 euros 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
Stellantis reported Q3 2026 financial results with Net revenues increasing 1% year-over-year to 37.6 billion euros The improvement was driven by higher volumes in Enlarged Europe and stable volumes and favorable FX in South America resulting in 3% year-over-year Net revenues increases in both regions North America Net revenues were down 3% on lower volumes as a consequence of planned production downtime Middle East and Africa Net revenues were down 19% on lower volumes and Asia Pacific was down 7% on lower volumes
Net loss was 0.5 billion euros in Q3 2026 a 90% improvement over the prior year which was impacted by significant items
Adjusted operating income improved to 0.3 billion euros representing an adjusted operating income margin of 0.7% with North America up 340 bps Asia Pacific up 480 bps Middle East and Africa up 140 bps and South America relatively flat down 30 bps year-over-year while Enlarged Europe was down 340 bps year-over-year
Industrial free cash flows were negative 4.0 billion euros in Q3 2026 an improvement of 0.3 billion euros versus Q3 2025 reflecting improved operating performance
FaSTLAne 2030 continues to gain traction and Stellantis is reaffirming its 2026 financial guidance including positive Industrial free cash flow in 2027 noting the following
Continued focus on profitability aligning production with demand
Higher total consolidated shipment volumes in Q4 2026 as compared to Q3 2026
Management of North America inventory with December 2026 converging to a similar level as compared to December 2025
Broadly stable pricing environment in Q4 2026 as compared to Q3 2026
Positive working capital contribution in Q4 2026 driven by normal Q4 seasonality
Full-year net tariff costs estimated at 1.0 billion euros 0.6 billion euros incurred September YTD
Full-year cash outflows related to H2 25 charges estimated at approximately 1.6 billion euros including 0.1 billion euros paid in Q3 2026 and 1.1 billion euros paid through September YTD
Full-year capital expenditures and RD spending estimated at 6.5% of Net revenues consistent with the FaSTLAne 2030 investment plan for this year
Incremental cost headwinds from memory chips and recall costs as compared to Q3 2026
Value Creation Program VCP savings expected to continue accelerating realizing mid-hundreds of millions of euros in Q4 2026 approximately double the amount realized in Q3 2026
Regional results for the quarter demonstrated progress across key markets
North America Sales increased 1% versus Q3 2025 with a 0.3% decrease in both US and Canada and a 24% increase in Mexico 28% including Leapmotor Stellantis US sales outperformed the US industry trend which was down 0.8% in Q3 2026 driven by Ram 1500 which was up 73% Dodge Durango up 14% and Chrysler Pacifica up 6% year-over-year North America market share increased to 7.5% up 10 bps year-over-year driven by new product and powertrain offerings specifically due to Ram whose North America sales increased 30% year-over-year and represented the fastest growing brand in North America based on year-over-year industry share gains
Enlarged Europe EU30 sales increased 1% versus Q3 2025 6% including Leapmotor driven primarily by Smart Car up 36% year-over-year and growing BEV demand in France Germany and UK EU30 Passenger Car BEV sales were up 65% year-over-year 93% including Leapmotor and EU30 Light Commercial Vehicle BEV sales up 46% EU30 market share was 14.8% down 60 bps year-over-year or 15.6% including Leapmotor down 10 bps Stellantis reaffirmed its leadership in the EU30 LCV segment achieving 26.9% market share down 110 bps year-over-year and is expanding its lineup with the affordable Pro One Smart Car Compact Van Leapmotor continues to build momentum with sales growing nearly four-fold as compared to the prior year
South America Sales decreased 4% versus Q3 2025 down 2% including Leapmotor Despite a market share decrease Stellantis maintained its regional leadership with an 18.6% market share 18.9% including Leapmotor Stellantis maintains No 1 positions in Brazil and Argentina with market shares of 25.1% and 25.3% respectively 25.5% and 25.6% including Leapmotor In major markets Q3 2026 delivered year-over-year sales improvement with Fiat Strada up 13% and Toro up 26% Fiat Pulse up 20% and the Ram brand up 33% driven by the all-new Dakota
Middle East and Africa Sales declined 22% versus Q3 2025 Market share was 10.1% and decreased by 150 bps year-over-year against an 11% regional industry decline The region was number two in LCV with 21.8% market share up 240 bps year-over-year Sales decline was mainly due to weaker market conditions in Turkiye and temporary transition effects in the country including the phase-out of the Fiat Egea ahead of the upcoming launch of the all-new Fiat Grizzly and the start of local production of the small van in October
Asia Pacific Sales decreased 27% versus Q3 2025 22% including Leapmotor driven primarily by a decline in the Citroen C5X Q3 2026 market share was 0.2% down from 0.3% in Q3 2025 During Q3 2026 Malaysian production of the Leapmotor C10 and B10 began and Dongfeng Stellantis Automotive Technology DSAT was established Additionally Dongfeng Peugeot Citroen Automobile Co Ltd DPCA completed the shareholder loan-to-equity conversion in September 2026 allowing for the development and expansion of two new Jeep and two new Peugeot models.
