Hyundai Motor Announces Second Quarter 2026 Financial Results; Operating Profit Drops to the 2nd Trillion Won Range

*This content was translated by AI.

On the 23rd, Hyundai Motor announced through its second quarter 2026 financial results conference call that it recorded consolidated revenue under IFRS of 49.2153 trillion won, operating profit of 2.8509 trillion won, ordinary income of 3.6457 trillion won, and net income attributable to owners of the parent company of 2.8880 trillion won. Wholesale sales in global markets totaled 991,885 units.

Revenue increased by 1.9% year-on-year, reaching a record quarterly high, driven by expanded sales of HYBE-led vehicles and the effect of a higher won-dollar average exchange rate (up 7.0% year-on-year to 1,502 won). However, operating profit declined by 20.8% year-on-year due to rising raw material prices and domestic production disruptions caused by a fire at a parts supplier. The operating profit margin stood at 5.8%. The cost of sales ratio rose by 1.1 percentage points to 82.2%. Wholesale sales by segment fell 16.4% year-on-year in the domestic market, reaching 157,647 units amid parts supply disruptions.

In overseas markets, Hyundai sold 264,587 units in the United States, up 0.9%, maintaining a market share above 6% for five consecutive quarters. However, total overseas sales declined by 4.9% year-on-year to 834,238 units due to reduced industrial demand. As a result, global wholesale sales fell by 6.9%.

Global sales of electrified vehicles rose 1.7% year-on-year to 266,627 units, fueled by increased demand for HYBE-led (HEV) models. Of these, EVs accounted for 69,366 units and HEVs for 187,661 units. The share of HEVs in global sales reached 18.9%, while the share of electrified vehicles hit a record quarterly high at 26.9%.

Hyundai Motor plans to make up for first-half production shortfalls through the full-scale launch of new models and expanded production in the second half, aiming to achieve its annual guidance issued at the beginning of the year: revenue growth of 1.0%–2.0%, operating profit margin of 6.3%–7.3%, and wholesale sales of 4.1583 million units. The company also decided on a quarterly dividend for common shares of 2,500 won per share, the same as last year.

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*This content was translated by AI.