Porsche nine-month operating profit rises to 1.74 billion euros

Results for the first nine months of 2026 show the sports car maker earning more profit on fewer cars. Porsche posted operating profit of 1.74 billion euros, up from 0.04 billion euros a year earlier, and has confirmed its forecast for the full year.

Group sales revenue fell 5.9 per cent to 25.28 billion euros, a smaller drop than the 16.0 per cent decline in deliveries. A higher share of high-margin models and positive pricing and product-mix effects supported earnings under the company’s ‘Value over Volume’ strategy.

Porsche profit and cashflow figures

Operating return on sales reached 6.9 per cent, against 0.2 per cent previously, when strategic realignment costs totalled 2.7 billion euros. This year those costs came to approximately 500 million euros. The Automotive EBITDA margin stood at 17.3 per cent.

Automotive net cashflow grew to 2.50 billion euros, mainly due to the sale of the shares in Bugatti Rimac and the Rimac Group, giving a margin of 11.3 per cent. Third-quarter one-off charges included 250 million euros for pension obligations and 200 million euros from US tariffs. Net liquidity rose to 8.23 billion euros. “Even in a challenging market environment, Porsche is showing itself to be financially robust,” said Dr Jochen Breckner, Member of the Executive Board for Finance and IT.

Deliveries and electric vehicle share

Customers took 178,532 cars, down from 212,509. North America remained the largest region with 56,088 deliveries, while conditions in China stayed difficult. Battery-electric models made up 21.7 per cent of deliveries, compared with 23.1 per cent when the all-electric Macan was ramping up in 2025.

Asset sales and the 2026 outlook

In August the firm agreed to sell its subsidiary MHP to Tata Consultancy Services, with completion expected within 12 months. The Bugatti Rimac sale produced a gain of 593 million euros. CEO Dr Michael Leiters said the focus is “on our core business, a competitive cost structure and a sustainable increase in our profitability.”

For 2026, the company expects Group sales revenue of between 35 and 36 billion euros, an operating return on sales of 5.5 to 7.5 per cent, an Automotive EBITDA margin of 15 to 17 per cent and a BEV share between 24 and 26 per cent. Further information is available at newsroom.porsche.com.

Supplied by Newspress UK (Porsche)

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