Hyundai Motor reports 15.9% net profit drop for Q2 2026
Hyundai Motor announced its net profit attributable to the parent company for the second quarter of fiscal year 2026 fell 15.9% to KRW 2.52 trillion. Revenue increased 1.9% in the same period.
Seoul, South Korea – Hyundai Motor Company today released its preliminary earnings report for the second quarter of fiscal year 2026 (April-June), revealing a net profit attributable to the parent company of KRW 2.52 trillion (approximately USD 1.8 billion).
This represents a 15.9% decrease compared to the same period last year. The company's total revenue saw a modest increase of 1.9%, reaching KRW 49.22 trillion (approximately USD 35.4 billion). However, operating profit declined by 20.8% to KRW 2.85 trillion.
The decline in profitability comes amidst ongoing challenges within the global automotive sector, including rising raw material costs and supply chain disruptions, which have impacted manufacturers worldwide. While revenue growth indicates continued demand for Hyundai's vehicles, the increased costs have eroded profit margins.
Hyundai Motor stated that these figures are preliminary and subject to final audit. A complete, audited financial report will be made available on the company's investor relations website in due course.
The company's performance reflects broader industry trends, as automakers navigate increased production expenses and invest heavily in transitioning to electric and hybrid vehicle technologies.