This article first appeared on GuruFocus .

• Revenue:Increased by 1.9% YoY to KRW49.2 trillion.

• Operating Income:Decreased by 20.8% YoY to KRW2.9 trillion.

• Net Income:Decreased by 11.1% YoY to KRW2.9 trillion.

• Operating Profit Margin:Declined to 5.8%.

• Global Wholesale Sales:Totaled 992,000 units, down 6.9% YoY.

• Retail Sales:Totaled 999,000 units, a 4.2% decrease YoY.

• Hybrid Sales:Global hybrid sales reached a record quarterly high of 188,000 units, with a share of 18.9%.

• Cost of Goods Sold Ratio:Increased to 82.2%, up 3.3% YoY.

• SG&A Expenses:Recorded KRW5.9 trillion, a 6.8% increase YoY.

• Finance Division Revenue:Increased by 15.7% YoY.

• Finance Division Operating Profit:Increased by 16.2% YoY.

• Dividend:Quarterly dividend of 2,500 won per share for both common and preferred shares.

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Release Date: July 23, 2026

For the complete transcript of the earnings call, please refer to the full earnings call transcript .

Positive Points

• Hyundai Motor Co ( XKRX:005380 ) achieved a record-high second-quarter revenue of KRW49.2 trillion, representing a 1.9% year-over-year growth.

• The company's market share in the U.S. rose by 5.2 percentage points year-over-year to 6.3%, maintaining a strong presence in a key market.

• Global hybrid sales reached a record quarterly high of 188,000 units, with hybrid sales accounting for 18.9% of total sales.

• Electrified vehicle sales in the U.S. increased by 2.5% year-over-year, driven by strong demand for hybrid vehicles.

• Hyundai Capital's revenue from the finance division increased by 15.7% year-over-year, with operating profit up by 16.2% due to a high penetration rate and asset growth in the U.S. market.

Negative Points

• Global wholesale sales declined by 6.9% year-over-year to 992,000 units due to a slowdown in global demand and supply chain issues.

• Operating income decreased by 20.8% year-over-year to KRW2.9 trillion, impacted by higher incentives and unfavorable product mix.

• Sales in Europe decreased by 10.9% year-over-year, with the region facing aggressive competition from Chinese electric vehicle manufacturers.

• Production disruptions, including a fire at a major parts supplier, led to a 16.4% year-over-year decline in domestic sales.

• The cost of goods sold ratio increased by 3.3% year-over-year to 82.2%, driven by rising material costs.

Q & A Highlights

Q: Are you maintaining the annual sales guidance for 2026 despite production disruptions and sluggish performance in Europe? A: We are making efforts to meet our annual sales guidance despite significant production disruptions in the first half. We are utilizing both domestic and overseas production lines to address these issues. While we aim to achieve our sales targets, we will continue to monitor the market situation and provide updates at the CID event in August.