Q2 2026 Hyundai Motor Co Earnings Call Transcript
Key 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.
- 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.
Ladies and gentlemen, thank you for attending this conference call. We'll now begin Hyundai Motor Company's business results conference call for the second quarter of 2026. Once again, the presentation materials can be downloaded from the financial supervisory services electronic disclosure system at dart.fss.or.kr or from our IR website at www.hyundai.com.
Joining us at this conference call are Executive Vice President Seung Jo Lee, the Head of Planning and Finance Division; Executive Vice President Zayong Koo, the Head of IR Division; Vice President of Financing and Accounting Subdivision, Michael Yun, the Head of IR Group; and Vice President Hyungseok Lee from Hyundai Capital. (Operator Instructions)
Now, we will proceed with the presentation by Michael Yun, the Head of IR Group at Hyundai Motor Company.
(interpreted) Hello, this is Michael Yun, head of IR Group. Welcome, everyone, to Hyundai Motor Company's 2026
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