BMW Group H1 2026 Net Profit Falls 25.75% YoY; Cuts Full-Year Earnings Outlook

BMW Group Releases Financial Results for the First Half of Fiscal Year 2026 (January 1 to June 30, 2026): - Revenue totaled €62.266 billion, down 8.01% year-over-year. - Gross profit amounted to €8.797 billion, a decline of 20.58% year-over-year. - Gross margin stood at 14.13%, down 2.23 percentage points year-over-year. - Net profit attributable to shareholders of the parent company was €2.858 billion, down 25.75% year-over-year. - Operating cash flow reached €1.813 billion, down 69.76% year-over-year. - Free cash flow from automotive operations was €1.29 billion, down 44.99% year-over-year. - Basic and diluted earnings per share were both €4.73, down 24.08% year-over-year. During the reporting period, fully electric vehicles accounted for 19.8% of total deliveries, an increase of 1.9 percentage points year-over-year. Deliveries rose by 5.4% in Europe and by 3.9% in the U.S., while the Chinese market showed weakness due to downward economic pressures and tariff impacts. Given the weaker-than-expected performance, BMW Group has revised down its full-year profitability guidance for fiscal year 2026, now expecting an EBIT margin for its automotive segment in the range of 1% to 3%. The company plans to launch more than 40 new or updated models by the end of 2026 and will continue advancing the rollout of its NEUE KLASSE product line and its share buyback program.