First-quarter operating income tops $1 billion
The all-new 2026 Jeep Cherokee Hybrid will be showcased at the 2025 Los Angeles Auto Show held at the Los Angeles Convention Center on November 23, 2025 in Los Angeles, California.
Josh Lefkowitz | Getty Images News | Getty Images
Shares of auto giant Stellantis fell sharply on Thursday after the company. reported Adjusted operating income nearly tripled in the first three months of the year, driven by increased sales in the key North American market.
The multinational conglomerate, which owns household names such as Jeep, Dodge, Fiat, Chrysler and Peugeot, reported adjusted operating income of 960 million euros ($1.12 billion) in the first quarter.
That figure easily beat analysts’ consensus of 568 million euros and reflected a 194% increase on adjusted operating income of 327 million euros a year ago, according to a Reuters poll.
The company’s Milan-listed shares fell more than 10% in early morning trading.
The results mark the first time the company has begun reporting quarterly profit data, which it had previously only published on a semi-annual basis.
Stellantis said its first-quarter net income reached 38.1 billion euros, up 6% compared to the same period in 2025. First quarter net profit amounted to 377 million euros, compared with a loss of 387 million euros in the first three months of 2025.
“As we begin quarterly reporting, the first three months of 2026 reflect the initial results of our actions to return Stellantis to sustainable, profitable growth,” Stellantis CEO Antonio Filosa said in a statement. he said.
“The products we launched in 2025 have been well received and we are confident that the 10 new vehicles planned for 2026 will build on this momentum,” he added.
