Stellantis posted a profitable first quarter of 2026, booking about $440 million in net profit after a tough 2025. The automaker reported $44.4 billion in total revenue, a jump of 6% compared to the same time period in 2025.
The positive first quarter reflects a quick pivot for the automaker, which logged about $ 26 billion in losses at the end of the previous year, largely related to costs incurred from cancelling electric vehicle programs. Brushing its shoulders off after the heavy loss, Stellantis said its new gains were driven by sales increases in North America, Europe and South America.
In North America, Stellantis said its sales increased 6% compared to the first quarter of 2025. Broken down by region, that comes from a 4% increase in sales in the United States, 15% in Canada and 19% in Mexico. Stellantisbucked an industry-wide trend of declining U.S. sales, which were down across the region by about 6% for other automakers.
According to a company release of earnings data, sales in Europe jumped 5%, and sales in South America ticked up 1%. The gains in those regions were offset by declines in the Middle East and Africa region (down 4%) and Asia (down 4%).
The automaker also booked about $467 million in money it expects to get back in refunds for duties paid on International Emergency Economic Powers Act (IEEPA) tariffs. In February, the Trump Administration’s implementation of those tariffs was ruled unconstitutional by the U.S. Supreme Court, leading to an ongoing refund process.
Despite sales increases in three of the five regions in which the company operates, North America was the only region that had a positive adjusted operating income (a term used to denote after removing one-time, abnormal charges). The tariff refunds contributed to that income.
Stellantis CEO Antonio Filosa said in a news release that the positive numbers show Stellantis may be getting back on track.
“The first three months of 2026 reflect the early results of our actions to return Stellantis to sustainable, profitable growth,” Filosa said, adding that the 10 new vehicles the brand has planned for release this year “will build on this momentum.”
The rest of the Detroit Three automakers also reported positive earnings for the first quarter of the year. Ford Motor Co.’s net income increased to $2.5 billion. General Motors reported a net income of $2.62 billion.
This is a developing story and will be updated.
Liam Rappleye covers Stellantis and the UAW for the Detroit Free Press. Contact him: LRappleye@freepress.com.
This article originally appeared on Detroit Free Press: Stellantis turns profit in first quarter after 2025 loss
Reporting by Liam Rappleye, Detroit Free Press / Detroit Free Press
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