Volkswagen Profit Drops Sharply in First Half of 2026, Lowers Forecast

Volkswagen's net profit fell sharply in the first six months of 2026, with the company reporting a net profit of €3.103 billion, down 30.7% year-on-year Source: lavanguardiaSource: infobae. However, net profit attributable to shareholders fell 35.7% to €2.574 billion Source: elespanol. The German automaker also revised its full-year sales forecast to a decline of up to 3%.

Financial Results

The group's revenue slipped 0.2% to €158.1 billion, while operating profit (EBIT) dropped 11.6% to €5.931 billion Source: infobaeSource: elespanol. Vehicle deliveries fell 6% to 4.12 million units Source: lavanguardia.

Market Challenges

The main drag was a 26% plunge in China deliveries (37% in Q2 alone) Source: lavanguardia. In North America, deliveries fell 3% due to US tariffs Source: lavanguardia. European deliveries grew only 3.5% Source: lavanguardia. The company cited geopolitical crises, trade wars, and intense competition Source: lavanguardia.