Daimler Truck (DTG) Q3 2026 earnings summary

Executive summary

• Q3 Group revenue rose 19% YoY to €12.575bn; adjusted EBIT increased 73% to €1.124bn, net profit was €702m and continuing-operations EPS was €0.91.

• Industrial Business revenue increased 20% to €11.635bn; adjusted EBIT was €1.062bn and adjusted return on sales reached 9.1%, versus 6.2% a year earlier.

• Higher Trucks North America volumes, pricing and U.S. tariff reimbursements supported the Q3 recovery; full-year guidance was reaffirmed.

Financial highlights

• Q3 Group EBIT was €1.045bn versus €553m; adjusted EBIT was €1.124bn versus €648m.

• Industrial Business free cash flow reached €974m, versus €24m in Q3 2025; improved earnings and €606m from the ARCHION stake sale supported cash generation.

• Industrial Business adjusted EBIT rose from €600m to €1.062bn; gross profit contributed €520m to the YoY bridge, with SG&A down €27m and R&D down €54m.

• Q1–3 revenue increased 3% to €34.848bn; adjusted EBIT declined 10% to €2.460bn and continuing-operations net profit fell to €980m from €1.401bn.

• Net Industrial Liquidity was €9.156bn at September 30, up from €7.670bn at year-end 2025.

Outlook and guidance

• FY 2026 Group adjusted EBIT guidance remains €3.6bn–€4.1bn; Industrial Business guidance is 340k–370k units, €43bn–€47bn revenue, 7%–9% adjusted ROS and €3.0bn–€3.5bn FCF.

• FCF guidance includes continuing and discontinued activities, ARCHION integration and stake-sale proceeds, and cash transferred at Mitsubishi Fuso deconsolidation; excluding these items, FCF is expected slightly below 2025.

• North American and EU30 heavy-duty market assumptions are 250k–290k and 290k–330k units; guidance assumes USMCA operations and the current tariff framework.

• Q4 expectations include higher Group unit sales; Trucks North America ROS near the upper end of 9%–11%, Mercedes-Benz Trucks above its 6%–8% corridor, and Financial Services ROE in the upper half of 6%–8%.

• FY26 segment unit-sales guidance is 160k–180k for Trucks North America, 150k–170k for Mercedes-Benz Trucks and 20k–25k for Daimler Buses.