Hyundai Mobis (A012330) Q2 2026 earnings summary

Executive summary

• 2Q 2026 revenue rose 2.4% year-over-year to KRW 16.3tn, driven by non-captive customer growth and electronics sales expansion despite a 4.5% volume drop from Hyundai and Kia.

• Operating profit increased 12.1% year-over-year to KRW 975.2bn, with margin improving to 6.0%.

• A/S business revenue grew 3.0% year-over-year to KRW 3.4tn, supported by favorable FX and strong global demand.

• Interim dividend of KRW 1,500 per share announced; KRW 500bn treasury share buyback completed with full cancellation planned.

Financial highlights

• Net profit for 2Q 2026 was KRW 1,060bn, up 13.5% year-over-year; net margin improved to 6.5%.

• Gross profit increased 9.5% year-over-year to KRW 2,406bn.

• Pre-tax profit was KRW 1,355bn, up 0.7% year-over-year.

• Total assets reached KRW 75,456bn as of 1H 2026, up 7.2% from 2025.

Outlook and guidance

• 2026 non-captive order target set at USD 8.97bn, down 2.1% from 2025, including USD 2.8bn in electrification orders.

• Focus for 2H 2026 on securing first-time orders, improving order quality, and expanding future opportunities amid OEM strategy shifts.