EV maker Polestar's Q2 revenue falls 8% amid US regulatory headwinds
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Outlook
Polestar updates 2026 volume guidance to low-to-mid single-digit growth from prior low double-digit growth
Company expects market environment to remain highly competitive and volatile in H2 2026
Further negative adjustments related to U.S. restructuring expected in future periods
Overview
Sweden electric car maker's Q2 revenue fell 8% yr/yr amid U.S. regulatory headwinds
Q2 net loss narrowed 55% yr/yr, helped by absence of prior-year impairment charges
Company cut 2026 volume growth guidance to low-to-mid single digits from low double digits
Result Drivers
U.S. restructuring - Co said regulatory changes and restructuring measures in the U.S. led to increased costs and negative adjustments to inventory and assets
Lower carbon credit sales - Co said reduced carbon credit sales, mainly in the EU and U.S., negatively impacted revenue
Cost discipline - Co said continued cost discipline and reduced headcount helped offset some expenses
The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy", 1 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the auto & truck manufacturers peer group is "buy"
Wall Street's median 12-month price target for Polestar Automotive Holding UK PLC is $17.50, about 46% above its September 2 closing price of $11.99
