Dr. Ing. h.c. F. Porsche AG Bearer Shares

P911: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Porsche Earnings: Improving Mix and Capital Discipline Support Free Cash; Fair Value Unchanged

Rella Suskin

Oct 27, 2026

Porsche's third-quarter revenue declined 8% with a volume decline of 15%, offset by a favorable mix. Restructuring costs and China weighed on its 4.8% operating margin. The market was pleasantly surprised by the 11.3% year-to-date net cash flow margin, despite a large share from asset sales.

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Dr. Ing. h.c. F. Porsche AG Bearer Shares

Porsche Earnings: Improving Mix and Capital Discipline Support Free Cash; Fair Value Unchanged

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