Daimler Truck stock rebounds as North American profit surges

Daimler Truck reported a sharp profitability rebound for the third quarter on Friday, November 6, as higher volumes and earnings at Trucks North America strengthened the group's performance. In its Q3 results release, Daimler Truck said industrial business revenue rose to EUR 11.635 billion from EUR 9.695 billion a year earlier.

Adjusted EBIT increased to EUR 1.124 billion from EUR 648 million, while the industrial business return on sales reached 9.1%, compared with 6.2% in the prior-year quarter. Industrial free cash flow rose to EUR 974 million from EUR 24 million, supported by stronger earnings and proceeds from the partial sale of the ARCHION stake.

North America Leads Recovery

Trucks North America was the main driver of the quarterly improvement. Revenue advanced 43% to EUR 5.704 billion, and adjusted EBIT climbed to EUR 691 million from EUR 257 million. The segment's adjusted return on sales improved to 12.1% from 6.4%, while unit sales increased 51% to 45,629 vehicles.

Group incoming orders rose 10% to 71,168 vehicles and unit sales increased 26% to 91,260. Mercedes-Benz Trucks also expanded revenue and adjusted EBIT, although its return on sales eased to 6.3% from 6.5%. Daimler Buses faced lower volumes, with revenue down 4% and adjusted EBIT down 10%, but the segment still posted a 9.2% return on sales.

Management said the second-quarter improvement accelerated in the third quarter. Chief Executive Karin Rådström described the results as evidence that Daimler Truck was building momentum, while Chief Financial Officer Eva Scherer highlighted stronger cash conversion and said the company intended to finish the year strongly.

Guidance Remains Unchanged

Daimler Truck kept its 2026 outlook intact. The company continues to target group adjusted EBIT of EUR 3.6 billion to EUR 4.1 billion, industrial business revenue of EUR 43 billion to EUR 47 billion and an industrial return on sales of 7% to 9%. Industrial free cash flow is expected to reach EUR 3 billion to EUR 3.5 billion, with vehicle sales forecast at 340,000 to 370,000 units.

The outlook still depends on demand recovery and the group's ability to expand production. Management pointed to supplier capacity as an important factor for fourth-quarter output, while the North American business continues to assume the existing USMCA and tariff framework.

Daimler Truck stock traded at 40.70 euros on Lang & Schwarz at 10:48 CET on Monday, November 9, 2026, 0.52 percent above the Xetra close of Friday, November 6.

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