Goldman Sachs says Porsche AG beat 2Q26 estimates on EBIT, margin and cash flow
Goldman Sachs said Porsche AG's 2Q26 results came in above expectations across several measures.
Goldman Sachs said Porsche AG's 2Q26 results came in above expectations across several measures. The company reported group EBIT of €753 million, gross margin of 8.5%, earnings per share of €0.81, and automotive net cash flow of €506 million.
The note said the profit margin was above full-year guidance, and Porsche kept its 2026 revenue and return-on-sales guidance unchanged. Goldman Sachs also said the stock may not fully reflect the quarter's outperformance, while broader concern about a weak auto sector remains. The note pointed to later quarterly results and competition in core markets such as China as factors to watch.
The note said the profit margin was above full-year guidance, and Porsche kept its 2026 revenue and return-on-sales guidance unchanged. Goldman Sachs also said the stock may not fully reflect the quarter's outperformance, while broader concern about a weak auto sector remains. The note pointed to later quarterly results and competition in core markets such as China as factors to watch.