Stellantis Q3 2026: Net Loss €0.5B, AOI Margin 0.7%, 2026 Guidance Reaffirmed
STLA sits 19% above its 52-week low of $3.92 on elevated volume (2.1× avg).
Summary
Stellantis reported a Q3 2026 net loss of €0.5 billion on €37.6 billion of revenue, with a 0.7% adjusted operating margin and negative €4.0 billion industrial free cash flow. Management reaffirmed 2026 guidance and expects positive industrial free cash flow in 2027.
Key Events · Earnings and Guidance · STLA
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Q3 Net Loss Narrows to €0.5B
Net loss was €(0.5) billion versus €(4.5) billion in Q3 2025, a 90% improvement, on net revenues of €37.6 billion, up 1.0% year-over-year.
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AOI Margin 0.7%, Cash Burn €4.0B
Adjusted operating income was €0.3 billion at a 0.7% margin, up 50 bps year-over-year; industrial free cash flow was negative €(4.0) billion, a €0.3 billion improvement.
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2026 Guidance Reaffirmed
Guidance holds for a mid-single-digit percent revenue increase and low-single-digit AOI margin in 2026, with positive industrial free cash flow expected in 2027.
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Liquidity €42.7B, Within Target
Industrial available liquidity closed at €42.7 billion, 26% of trailing 12-month net revenues and inside the 25-30% target range.
Analysis · STLA · Manufacturing
The key promise management is making is positive industrial free cash flow in 2027, and 2026 guidance was reaffirmed toward that end. For Q3, Stellantis narrowed its net loss to €0.5 billion from €4.5 billion a year ago, yet the quarter still burned €4.0 billion of industrial free cash flow and the adjusted operating margin came in at only 0.7%. Liquidity of €42.7 billion (26% of trailing revenue) keeps the balance sheet inside its 25-30% target, so there is no near-term funding crisis. But with the cash burn and a stock at 52-week lows, the market will judge the FaSTLAne 2030 plan on whether that 2027 cash inflection actually arrives.
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At the time of this filing, STLA was trading at $4.68 on NYSE in the Manufacturing sector, with a market capitalization of approximately $17.8B. The 52-week trading range was $3.92 to $12.22. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.