Stellantis confirms 2026 guidance as turnaround lifts North America revenue

Stellantis confirmed its full-year 2026 guidance Wednesday as new model launches boosted revenue at its North America business.

"Our turnaround is progressing as planned, with new products driving improved performance in our largest market," Chief Executive Officer Carlos Tavares said in a statement.

The Jeep maker's North America revenue benefited from recent model launches, though the company did not disclose specific quarterly figures. The confirmation follows a period of restructuring aimed at addressing inventory imbalances and pricing pressures in the region.

The reaffirmed guidance signals that management sees its cost-cutting and product renewal strategy gaining traction. Stellantis shares have faced pressure this year amid concerns about the pace of its recovery, with Piper Sandler analyst Alexander Potter recently cutting the stock to underweight with a $4 price target, down from $14.

The company's North America business, which accounts for a significant portion of group profit, has been the focus of the turnaround. Stellantis has been refreshing its SUV and pickup lineup, including new Jeep models, to defend market share against rivals Ford Motor Co. and General Motors Co.

Stellantis swung to a profit in the first half, driven by stronger shipments in North America, according to a Bloomberg report. The company has been working to reduce dealer inventories and adjust production to better match demand after a period of oversupply weighed on pricing.

The guidance confirmation provides a floor for investor expectations as Stellantis executes its turnaround. The next catalyst for the stock will be second-half delivery numbers and any further updates on the pace of new model rollouts in North America.

This article is for informational purposes only and does not constitute investment advice.