Stellantis Reports Q1 Profits as Revival Plan Appears to Take Hold
Stellantis CEO Antonio Filosa recently touted the company’s efforts to back into the black, and the company’s first quarter earnings report shows his plan seems to be working.
The company reported a net profit of $440 million for the first quarter of 2026, a massive change from the same time last year when the company reported a loss of about $455 million. Stellantis also reported adjusted operating income of $1.2 billion. The company’s revenue was up also, rising 6 percent.
Filosa pointed to better sales and improved operations as the reasons for the turnaround.
"As we initiate quarterly reporting, the first three months of 2026 reflect the early results of our actions to return Stellantis to sustainable, profitable growth,” Filosa said in a release.
“The products we launched in 2025 have been well received and we’re confident that the 10 new vehicles planned for 2026 will build on this momentum. Our priority is clear: to put our customers back at the center of everything we do, and we look forward to sharing more on this at our Investor Day on May 21 in Auburn Hills."
That presentation is likely to offer more insight into his turnaround plan, which included a $26 billion charge against earnings for the second half of 2025, while also pushing more hybrid models that the public is currently calling for.
The automaker noted its global shipments jump 12 percent in the first quarter, and 17 percent in North America, where the Jeep and Ram brands showed strong growth. Sales were up 6 percent in North America, including 4 percent in the U.S.
U.S. market share rose to 7.9 percent, much of that driven by Ram sales, which increased approximately 20 percent year-over-year, the highest Q1 since 2023 and the fastest growing brand in North America.
“Jeep also drove improvement with the all-new Jeep® Cherokee, refreshed Jeep Grand Cherokee, Jeep Grand Wagoneer and new Dodge Charger SixPack now available in dealer showrooms across the U.S., offering customers greater freedom of choice in the region’s largest market,” the company noted in a release.
[Images: Stellantis]
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Michael Strong has spent more than 25 years writing about the automotive industry. A Detroit-area native, he’s written about everything from local car shows to product reviews to financial news. Currently he writes and edits for a variety of national and local publications. He’s also a longtime member of the Automotive Press Association and the International Motor Press Association, and a graduate of Georgia Southern University. Hail Southern! Despite a love for ’70s land yachts and BMWs from the late ’80s and early ’90s, his personal vehicle is neither of those.
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Stellantis finally having Americans in charge of the American brands. Now they need to establish each brand's lane. The Wagoneer S and the new Cherokee should be a Chrysler products.
No safety vest on the CEO? These guys are amateurs.
(Check with Ford Motor Company on how to run your company better.)