)
Porsche (P911) investor relations material
Porsche Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q1–Q3 2026 revenue fell 5.9% YoY to €25.282bn and deliveries declined 16.0% to 178,532 vehicles; operating profit rose to €1.735bn from €40m.
Sportwagenschmiede ’35 focuses on core products, cost reduction and lower capital intensity; lower realignment expenses and a €593m disposal gain supported the results.
Financial highlights
Gross profit rose 49.2% to €4.883bn; gross margin was 19.3% versus 12.2%, and Group return on sales was 6.9% versus 0.2%.
Profit after tax was €1.815bn versus €114m; EPS was €2.06 per ordinary share and €2.07 per preferred share.
Automotive sales revenue fell 7.1% to €22.1bn, less than the 11.1% decline in vehicle sales; revenue per vehicle rose to €126,000 from €120,000.
Automotive operating profit was €1.493bn versus a €228m loss; return on sales was 6.7% and EBITDA margin was 17.3%.
Q3 operating profit was €387m with a 4.8% return on sales; 9M cost of sales fell €3.2bn to €20.4bn, mainly on lower strategic realignment expenses.
Outlook and guidance
FY 2026 guidance: Group revenue €35–36bn, return on sales 5.5%–7.5%, Automotive EBITDA margin 15%–17%, Automotive net cash flow margin 5.5%–7.5% and BEV share 24%–26%.
FY26 profitability guidance includes €800m–€900m of net extraordinary burdens; Q4 will include further Zukunftspaket and other strategic realignment costs.
Automotive cash-flow outlook includes Bugatti Rimac/Rimac Group proceeds and pension-funding outflows; ~€1.3bn of strategic realignment outflows are also expected.
2027 is expected to be a lower-volume, lower-profit transition-year trough, with €300m–€400m of Zukunftspaket/restructuring costs; precise guidance is due in March 2027.
Midterm return-on-sales ambition remains 10%–15%, with current macro and FX assumptions pointing to the lower end.
- Lower deliveries and transition costs frame intact FY26 guidance and expected 2028 improvement.P911
Pre-close call - Value-led renewal and cost discipline target recovery after the 2027 trough.P911
CMD 2026 (Q&A) - Value-led growth pairs a premium portfolio with lower costs and stronger cash generation.P911
CMD 2026 - Operating profit surged 33.9% despite a 5.1% drop in sales revenue and lower deliveries.P911
Q2 2026 (Media) - Operating profit rose 33.9% despite a 5.1% revenue drop and 16.5% lower deliveries.P911
Q2 2026 - 2026 guidance held as strategic realignment and premium mix offset delivery declines.P911
Pre-close call - Profit and sales fell sharply amid realignment and expenses, but BEV share and North America grew.P911
Q3 2025 - Profit and sales fell, but BEV share and financial services rose; 2025 outlook cut.P911
Q1 2025 - 2024 brought record sales and strong cashflow, but profits fell and 2025 faces margin pressure.P911
Q4 2024(Q&A)
Next Porsche earnings date
Next Porsche earnings date
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
)
Frequently asked questions
Pushing Boundaries and Defining Automotive Luxury
Porsche AG is a renowned luxury automotive manufacturer that specializes in high-performance sports cars, SUVs, and sedans. The company's menu of vehicles features a range of meticulously crafted models, known for their powerful engines, exceptional handling, and timeless design. Porsche's menu includes iconic sports cars like the 911, the Cayman, and the Boxster, as well as SUVs like the Macan and the Cayenne. These vehicles embody the spirit of driving pleasure and exhilaration, attracting discerning customers who appreciate the combination of performance, craftsmanship, and prestige.
Automotive and Financial Services
Porsche operates through two main business segments: Automotive and Financial Services. The Automotive segment involves the design, development, production, and sales of Porsche vehicles worldwide. The Financial Services segment provides financing, leasing, insurance, and mobility services tailored to meet the needs of Porsche customers.
Excellence, quality, and exclusivity
Porsche follows a distinctive business model that centers around engineering excellence, premium quality, and exclusivity. The company's vehicles are meticulously handcrafted, incorporating advanced technologies and luxurious materials. Porsche's commitment to precision and performance has made it a symbol of automotive excellence.
Further reading: The Porsche Family's Race to the Top
Porsche AG has a rich heritage that dates back to 1948 when the first Porsche sports car, the 356, was introduced. Since then, the company has built a reputation for pushing the boundaries of automotive engineering and design, consistently delivering vehicles that combine power, elegance, and innovation.
In addition to its automotive expertise, Porsche has diversified its portfolio to include luxury lifestyle products and experiences. The company offers branded accessories, clothing, and merchandise, allowing enthusiasts to embrace the Porsche lifestyle beyond the realm of automotive ownership.
Within the luxury automotive industry, Porsche AG has notable peers, including: Ferrari, Aston Martin Lagonda, and BMW.
)