Volkswagen cuts 2026 profit forecast. Volkswagen stock loses 1.90 percent

Published on 10/01/2026 at 15:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue falls to EUR 315.00 billion for 2026 from EUR 321.90 billion in 2025. Volkswagen stock costs EUR 69.15 on October 1, 2026 after EUR 70.49.

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Volkswagen (ISIN DE0007664039) cut its 2026 profit forecast on September 18, lowering the expected operating return on sales to up to 1.00 percent from 4.00 to 5.50 percent. Yahoo Finance reported that the company also expects full-year 2026 revenue of EUR 315.00 billion, compared with EUR 321.90 billion in 2025.

Forecast cut exposes the margin pressure

The reset follows roughly EUR 10.00 billion in one-time charges concentrated at Porsche, including about EUR 6.00 billion linked to revised mid-term assumptions. Volkswagen also expects further impairments and restructuring costs in the second half of 2026, according to Yahoo Finance.

The latest operating figures show why the guidance matters. In the second quarter of 2026, revenue reached EUR 82.44 billion and operating income was EUR 3.47 billion, down from EUR 3.83 billion a year earlier; net income fell to EUR 1.54 billion from EUR 2.29 billion. For the first half of 2026, revenue was EUR 158.10 billion versus EUR 158.36 billion a year earlier, while operating income declined to EUR 5.93 billion from EUR 6.71 billion, according to NadirAlpha.

China and Porsche remain key variables

The first-half comparison points to a narrow revenue decline but a sharper earnings contraction. NadirAlpha reported that group deliveries fell 6.30 percent year over year to 4.10 million vehicles in the first half of 2026, while all-electric vehicle deliveries declined 5.80 percent to 438,463 units.

That combination leaves Volkswagen balancing cost reductions against investment in electric vehicles, software and batteries. The forecast assumes tariffs remain unchanged, while weaker Chinese demand and the Porsche impairment charge continue to pressure profitability, as Yahoo Finance reported.

The next results date is October 28

Volkswagen is scheduled to publish its third-quarter 2026 results on October 28, 2026, according to MarketScreener. The release will offer the next quantified test of the reduced margin outlook and the effect of the Porsche charge.

The quote reflects the reset

Volkswagen stock was trading at EUR 69.15 at Lang & Schwarz on October 1, 2026 at 3:33 p.m. CEST, down 1.90 percent versus the prior close of EUR 70.49. The finance data quote showed a market capitalization of EUR 34.7 billion as of October 1, 2026. The further course of trading is shown by the continuously updated real-time quote of Volkswagen stock.