Mercedes-Benz reported €32.1 billion in Q2 revenue, surpassing analyst forecasts despite lower overall vehicle sales. The standout performer is the Electric vehicles, with BEV sales soaring 51% year-on-year.
STUTTGART, Germany — Mercedes-Benz reported stronger-than-expected second-quarter revenue on Tuesday, even as overall vehicle sales declined amid a challenging global automotive market.
The German luxury carmaker posted revenue of €32.1 billion for the second quarter of fiscal 2026, representing a 3% decline compared with the same period last year. However, the result exceeded market expectations.
Net profit increased to €1.1 billion, up 13% from €957 million recorded in the corresponding quarter of 2025. Earnings per share also rose sharply, climbing 20% year-on-year to €1.14.
Mercedes-Benz sold 417,765 vehicles during the quarter, an 8% decrease from a year earlier. Despite the overall decline in deliveries, demand for electric vehicles continued to strengthen. Battery electric vehicles (BEVs) accounted for 20.9% of total sales, with 87,475 units delivered.
Chief Executive Ola Källenius said the company remained resilient despite difficult market conditions and continued to make progress with its product rollout strategy.
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He noted that customer demand for the company’s latest vehicle lineup remained robust, highlighting a 51% increase in Mercedes-Benz Cars BEV sales during the quarter. In Europe, orders for battery electric models more than doubled compared with the same period last year, reflecting growing consumer interest in the brand’s expanding electric portfolio.
The results underscore Mercedes-Benz’s ongoing transition toward electrification while navigating softer overall vehicle demand and an increasingly competitive global automotive landscape.