--- title: "Volkswagen Q2 Profit Down On Weak Production, Volume; Backs FY26 Margin View, Cuts Revenue Forecast" type: "News" locale: "en" url: "https://longbridge.com/en/news/293709161.md" description: "Volkswagen reported a 32.9% drop in Q2 net profit to €1.538 billion due to weak production and sales volumes, which fell 8.6%. Despite lower earnings, revenue rose 2% to €82.4 billion. The company maintained its 2026 operating margin target of 4.0-5.5% but cut its 2026 revenue growth forecast to -3% to 0%, down from previous guidance." datetime: "2026-07-24T06:11:22.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293709161.md) - [en](https://longbridge.com/en/news/293709161.md) - [zh-HK](https://longbridge.com/zh-HK/news/293709161.md) --- # Volkswagen Q2 Profit Down On Weak Production, Volume; Backs FY26 Margin View, Cuts Revenue Forecast Add as your preferred news source on Google Add Now German automotive major Volkswagen AG (VLKAF.PK,VOW.DE) reported Friday lower profit in its second quarter with weak production and sales volume. Further, the firm maintained fiscal 2026 margin view, but trimmed revenue growth forecast. The automotive manufacturer expects improved margins in the second half of the year. Earnings after tax reached 1.538 billion euros in the second quarter, representing a 32.9 percent decline from 2.291 billion euros in prior period. Earnings before tax totaled 2.538 billion euros, down 23.4 percent from 3.314 billion euros a year ago. The operating result fell 9.5 percent year-over-year to 3.469 billion euros, and operating return on sales dropped to 4.2 percent from 4.7 percent in the previous period. Sales revenue reached 82.444 billion euros, up 2.0 percent from 80.806 billion euros in the prior year. However, vehicle delivery volumes declined significantly. Customer deliveries totaled 2.077 million units, down 8.6 percent, while vehicle sales reached 2.043 million units, representing a 9.7 percent decrease. Production volumes fell 13.4 percent to 2.014 million units from to 2.325 million units in the previous year. Looking ahead, Volkswagen Group maintaind its operating return on sales target between 4.0 and 5.5 percent for 2026 Meanwhile, the firm adjusted its 2026 sales revenue outlook to a range of negative 3 to 0 percent compared with the previous year, revised from the earlier guidance of 0 to positive 3 percent. In the Automotive Division specifically, the company continues to target an investment ratio of between 11 and 12 percent in 2026. For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com. For comments and feedback contact: editorial@rttnews.com Business News ### Related Stocks - [VWAGY.US](https://longbridge.com/en/quote/VWAGY.US.md) - [VWAPY.US](https://longbridge.com/en/quote/VWAPY.US.md) - [VOW.DE](https://longbridge.com/en/quote/VOW.DE.md) - [VOW3.DE](https://longbridge.com/en/quote/VOW3.DE.md) ## Related News & Research - [Volkswagen’s new electric camper van turns the ID. Buzz into a home on wheels](https://longbridge.com/en/news/295815025.md) - [Volkswagen’s Profits Sinks 10% As Global Sales Weaken](https://longbridge.com/en/news/293765405.md) - [Volkswagen (VOWG) Q2 2026 Earnings: 5x P/E, 7% Yield, Triangle Breakdown](https://longbridge.com/en/news/293767565.md) - [Xylem sets quarterly distribution at R$ 0.75 per unit for 3Q 2026](https://longbridge.com/en/news/296117630.md) - [AmpliTech expects 2026 revenue to top FY2025, cites limited near-term visibility](https://longbridge.com/en/news/296108451.md)