BMW Confirms 2026 Views Despite Earnings Slide

BMW reaffirmed its 2026 outlook despite a 39% drop in quarterly earnings before interest and taxes and an 8% revenue decline to 31.26 billion euros. The slump was driven by weakening sales in China, currency issues, and commodity headwinds. Although cost-cutting efforts provided partial offset, the company anticipates lower deliveries and a significant decrease in pre-tax earnings for the year.

By Joshua Kirby

BMW reaffirmed its outlook for the year, despite a continued hit to sales and earnings.

Earnings before interest and taxes dropped by 39% on year over the quarter through June as the group faced weakening sales in China, as well as currency and commodity headwinds, it said Thursday. Efforts to cut costs could only partly offset those drags on the bottom line, BMW said.

Revenue dropped by 8% over the quarter to 31.26 billion euros, dragged by a 30% reduction in sales of its cars in China.

Despite the pressures to its earnings, BMW backed its guidance for the year, including a drop in deliveries from last year and a "significant decrease" in earnings before tax.

Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

(END) Dow Jones Newswires

July 30, 2026 01:51 ET (05:51 GMT)