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Audi Group (AUDI) investor relations material
Audi Group Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Deliveries declined 7.2% year-over-year to 736,878 units, mainly due to market pressure in China and the USA.
Revenue decreased 10.4% year-over-year to €29.2bn for H1 2026, reflecting lower sales in China and the USA.
Operating profit rose slightly to €1.1bn, with margin improving to 3.8% from 3.3% year-over-year, supported by cost discipline.
Net cash flow more than doubled to €1.9bn, driven by working capital improvements and disciplined spending.
Financial highlights
Revenue for H1 2026: €29.2bn, down from €32.6bn in H1 2025.
Operating profit: €1.1bn (3.8% margin), up from €1.1bn (3.3% margin) in H1 2025.
Net cash flow: €1.9bn, up over 100% year-over-year.
Gross profit dropped 15.2% year-over-year to €3.0bn.
Financial result decreased to €402m, mainly due to a sharp decline in China business.
Outlook and guidance
FY2026 guidance: deliveries expected between 1.55m and 1.65m vehicles, revenue €58–65bn, ROS 5–7%, net cash flow €3–4bn, investment ratio 11–13%.
Guidance reflects current tariff situation and persistent risks from China competition, Middle East conflict, and global economic fragmentation.
- Revenue and profit fell in 2024, but electrification and new models drive 2025 outlook.AUDI
Q4 20248 Jul 2026 - Operating profit rose 10% to €588 million despite an 8% revenue decline year-over-year.AUDI
Q1 20265 May 2026 - Revenue up 2% to €65.5bn, BEV deliveries up 36%, but operating profit down 14% amid tariffs.AUDI
Q4 202518 Mar 2026 - Luxury brand growth driven by innovation, electrification, and strong financial performance.AUDI
Goldman Sachs Lamborghini Field Trip Presentation9 Jan 2026 - Premium BEV expansion, digital innovation, and strategic execution drive 2024 portfolio updates.AUDI
Bank of America – European Autos and Future Car Conference 2024 Presentation9 Jan 2026 - Progressive premium strategy drives BEV growth, digital innovation, and China market expansion.AUDI
UBS Flagship German Autos Trip Presentation9 Jan 2026 - Major BEV expansion and digital innovation position the portfolio for global premium growth.AUDI
Audi Analyst Day 2024 Presentation9 Jan 2026 - Rapid growth, electrification, and digital innovation drive luxury brand's strong financials.AUDI
Bank Of America Lamborghini Field Trip Presentation9 Jan 2026 - Record H1 2025 results driven by new hybrid models, innovation, and strong global demand.AUDI
Deutsche Bank Lamborghini Field Trip Presentation9 Jan 2026
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