Italy's Iveco Q2 revenue rises 7.3% on Europe truck volumes

Iveco NV

30/07/2026 06:32

Overview
Italy commercial vehicle maker's preliminary Q2 revenue rose 7.3% yr/yr on higher European volumes
Adjusted EBIT and adjusted net income declined due to increased quality investments and rework costs

Outlook
Company expects gradual recovery in profitability during H2 2026
Iveco says increased macroeconomic uncertainties will negatively impact full-year industrial activities
Company expects solid Free Cash Flow generation in H2 2026

Result Drivers
HIGHER EUROPEAN VOLUMES - Revenue growth was mainly driven by increased truck and bus volumes in Europe
QUALITY INVESTMENTS AND REWORK COSTS - Profitability was negatively impacted by increased investments in quality and rework costs in Bus operations
UNFAVOURABLE PRODUCT MIX IN POWERTRAIN - Powertrain profitability was hurt by fewer large-engine deliveries in the Americas and ongoing quality investments

Company press release: ID:nGNXb5Y7w9

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
EUR 3.76 bln
 
Q2 Adjusted EPS
 
EUR 0.17
 
Q2 Adjusted Net Income
 
EUR 46 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the heavy machinery & vehicles peer group is "buy."
Wall Street's median 12-month price target for Iveco Group NV is €16.55, about 18.9% above its July 29 closing price of €13.93
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago

Reuters Recommended Reads
July 28 - PACCAR beats quarterly estimates on strong truck orders
July 29 - Germany's Knorr-Bremse H1 revenue rises 3.1%, lifts 2026 outlook
July 29 - Switzerland's Garrett Motion Q2 sales, EBITDA beat estimates, raises outlook

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)