Audi has released its financial results for the first half and second quarter of its 2026 fiscal year, revealing a mixed financial picture. While net profit attributable to shareholders saw a decrease, the company experienced a significant boost in operating cash flow. The report covers the period from January 1 to June 30, 2026.
2026 Fiscal Year Half-Year Report (Jan-June 2026)
Audi Group’s total revenue for the first half of 2026 stood at 29.177 billion euros, marking a 10.4% decline compared to the same period last year. This downturn in revenue is attributed to a decrease in sales volume and negative effects from the product mix.
Gross profit experienced a decline of 15.2%, reaching 3.02 billion euros, with a gross profit margin of approximately 10.35%. However, operating profit showed resilience, increasing by 3.2% to 1.122 billion euros. This positive development in operating profit was driven by stringent cost controls, reduced restructuring expenses, and lower CO₂-related costs. The operating return on sales margin was reported at 3.8%.
Despite improvements in operational profitability, the net profit attributable to shareholders fell by 16.6% to 1.123 billion euros. This decline is significantly influenced by a reduction in profit from the company’s business operations in the Chinese market.
A key highlight from the report is the robust increase in operating cash flow, which surged by 20.5% to 3.644 billion euros. Net cash flow also saw a remarkable improvement, more than doubling to 1.885 billion euros, a 108.6% year-on-year increase, largely due to enhanced working capital management.
In terms of investment, Audi allocated 3.087 billion euros to research and development (R&D) and capital expenditures, representing 10.6% of total investment. R&D spending decreased by 5.4% year-on-year, while capital expenditure was down 16.2%, indicating a disciplined approach to investment.
Key Performance Metrics (First Half 2026):
- Deliveries: Audi delivered a total of 736,878 vehicles to customers, a 7.2% decrease year-on-year. The Audi brand itself accounted for 727,245 deliveries, also down 7.2%. Deliveries for Bentley, Lamborghini, and Ducati fell by 13.6%, 4.6%, and 7.7% respectively.
- Revenue: Total revenue reached 29.177 billion euros, down 10.4% due to lower sales and product mix impacts.
- Gross Profit: 3.02 billion euros, a 15.2% decrease, with a margin of approximately 10.4%.
- Operating Profit: 1.122 billion euros, a 3.2% increase, with a margin of 3.8%, driven by cost control and reduced expenses.
- Profit After Tax: 1.123 billion euros, a 16.6% decrease, impacted by lower profits in the Chinese market.
- Operating Cash Flow: 3.644 billion euros, a 20.5% increase.
- Net Cash Flow: 1.885 billion euros, a 108.6% increase, thanks to working capital improvements.
- R&D and Capital Expenditure: Total investment of 3.087 billion euros (10.6% of investment), with R&D down 5.4% and capex down 16.2%.
2026 Fiscal Year Second Quarter Report (April-June 2026)
In the second quarter of 2026, total revenue for Audi Group was 14.999 billion euros, a decrease of 12.5% compared to the same quarter in the previous year.
New Model Launches
Audi also highlighted new product developments. The company introduced the limited edition Nuvolari supercar, with only 499 units produced. This model is positioned as Audi’s first high-performance hybrid supercar and represents the brand’s new design philosophy.
Additionally, Audi launched the updated Audi A6 allroad and the third-generation new Audi Q7 SUV. The cockpit layout of the Audi A3 was also enhanced, further strengthening the company’s product portfolio.
2026 Fiscal Year Outlook
Looking ahead, Audi provided its financial guidance for the full 2026 fiscal year:
- Vehicle Deliveries: Expected to be between 1.55 million and 1.65 million units.
- Total Revenue: Projected to range from 58 billion euros to 63 billion euros.
- Operating Return on Sales: Anticipated to be between 5% and 7%.
- Net Cash Flow: Expected to be between 3 billion euros and 4 billion euros.
- Investment Ratio: Projected to be between 11% and 13%.
The company’s financial performance reflects the ongoing challenges in the global economy, with strategic cost management and product innovation remaining key priorities for Audi.
