Stellantis Q1 Revenues Rise 6% to €38.1B, Operating Income Hits €1B
Stellantis posted Q1 net revenues of €38.1 billion, up 6% year-over-year, and achieved a €1.0 billion adjusted operating income (2.5% margin) with €0.4 billion net profit. Industrial free cash flow loss narrowed 37% to €1.9 billion negative, and liquidity reached €44.1 billion (28% of trailing revenues).
1. Q1 2026 Financial Results
Stellantis delivered net revenues of €38.1 billion in Q1 2026, marking a 6% increase from Q1 2025, driven by volume growth across all regions with North America leading performance. Adjusted operating income rose to €1.0 billion with a 2.5% margin, while net profit reached €0.4 billion, returning the company to profitability.
2. Cash Flow and Liquidity Position
Industrial free cash flow for the quarter was negative €1.9 billion due to typical first-quarter seasonality and approximately €0.7 billion of cash outflows related to H2 2025 charges, representing a 37% improvement year-over-year. Industrial available liquidity ended at €44.1 billion, equivalent to 28% of trailing 12-month net revenues and within the company’s 25-30% target range.
3. Outlook and Growth Strategy
The company confirmed its 2026 financial guidance, expecting net revenues, adjusted operating margin, and industrial free cash flow to improve over the year. The shift to quarterly reporting under CEO Antonio Filosa underscores a commitment to transparency as Stellantis executes its turnaround plan aimed at sustainable, profitable growth.