Hyundai Autoever ( A307950) Q1 2026 earnings summary

Executive summary

• Revenue grew 12.3% year-over-year in 1Q26, reaching KRW 936 billion, driven by digital transformation and overseas expansion.

• Operating profit declined 20.7% year-over-year to KRW 21 billion, with margin pressure in Automotive SW.

• Overseas subsidiaries saw strong revenue growth, especially in North America (+36.9%), Europe (+50.8%), India (+29.3%), and China (+34.4%).

Financial highlights

• Gross profit for 1Q26 was KRW 73 billion, up 4.8% year-over-year, but gross margin fell to 7.8%.

• Net profit for 1Q26 was KRW 19 billion, down 6.5% year-over-year.

• Operating profit margin dropped to 2.3% in 1Q26 from 3.2% in 1Q25.

Outlook and guidance

• Continued focus on digital transformation and IT investment by Hyundai Motor Group expected to support Enterprise IT growth.

• Near-term strategies underway to address Automotive SW margin pressure and explore new growth opportunities.