Jeep maker Stellantis beats expectations as first-quarter operating income tops $1 billion

The multinational conglomerate, which owns household names including Jeep, Dodge, Fiat, Chrysler and Peugeot, posted first-quarter adjusted operating income of 960 million euros ($1.12 billion).

That comfortably beat an analyst consensus of 568 million euros, according to a Reuters poll, and reflects a 194% increase from adjusted operating income of 327 million euros a year ago.

The results mark the first time the company has started reporting quarterly profit data, which it previously only posted on a six-monthly basis.

Stellantis said first-quarter net revenues came in at 38.1 billion euros, a 6% increase from the same period in 2025. First-quarter net profit amounted to 377 million euros, versus a loss of 387 million euros in the first three months of 2025.

“As we initiate quarterly reporting, the first three months of 2026 reflect the early results of our actions to return Stellantis to sustainable, profitable growth,” Stellantis CEO Antonio Filosa said in a statement.

“The products we launched in 2025 have been well received and we’re confident that the 10 new vehicles planned for 2026 will build on this momentum,” he added.

Milan-listed shares of the company, which are up over 10% over the past month, have fallen nearly 30% so far this year.