BMW Confirms 2026 Views Despite Earnings Slide
By Joshua Kirby
BMW reaffirmed its outlook for the year, despite a continued hit to sales and earnings.
Earnings before interest and taxes dropped by 39% on year over the quarter through June as the group faced weakening sales in China, as well as currency and commodity headwinds, it said Thursday. Efforts to cut costs could only partly offset those drags on the bottom line, BMW said.
Revenue dropped by 8% over the quarter to 31.26 billion euros, dragged by a 30% reduction in sales of its cars in China.
Despite the pressures to its earnings, BMW backed its guidance for the year, including a drop in deliveries from last year and a "significant decrease" in earnings before tax.
Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby
(END) Dow Jones Newswires
July 30, 2026 01:51 ET (05:51 GMT)
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