EV maker Polestar's Q2 revenue falls 8% amid US regulatory headwinds

Polestar Automotive Holding Uk

03/09/2026 12:09

Overview
Sweden electric car maker's Q2 revenue fell 8% yr/yr amid U.S. regulatory headwinds
Q2 net loss narrowed 55% yr/yr, helped by absence of prior-year impairment charges
Company cut 2026 volume growth guidance to low-to-mid single digits from low double digits

Outlook
Polestar updates 2026 volume guidance to low-to-mid single-digit growth from prior low double-digit growth
Company expects market environment to remain highly competitive and volatile in H2 2026
Further negative adjustments related to U.S. restructuring expected in future periods

Result Drivers
U.S. RESTRUCTURING - Co said regulatory changes and restructuring measures in the U.S. led to increased costs and negative adjustments to inventory and assets
LOWER CARBON CREDIT SALES - Co said reduced carbon credit sales, mainly in the EU and U.S., negatively impacted revenue
COST DISCIPLINE - Co said continued cost discipline and reduced headcount helped offset some expenses

Company press release: ID:nBw91YRv5a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Loss
 
$459 mln
 
Q2 Adjusted EBITDA
 
-$286 mln
 
Q2 Gross Margin
 
-13.1%
 

Analyst Coverage
The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy", 1 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the auto & truck manufacturers peer group is "buy."
Wall Street's median 12-month price target for Polestar Automotive Holding UK PLC is $17.50, about 46% above its September 2 closing price of $11.99

Reuters Recommended Reads
Sept 3 - Polestar cuts full-year delivery forecast after US bars China-linked EV maker
Sept 1 - Chinese EV maker NIO's Q2 revenue rises, net loss narrows sharply as deliveries jump
Sept 2 - Honda tells suppliers to cut costs in $9 billion push to fend off China, documents show

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(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.)