Hyundai Motor reports first quarter results for 2026
Hyundai Motor Company reported record-high revenue for Q1 2026, driven by strong hybrid vehicle sales, despite a drop in operating and net profits due to tariffs.
Hyundai Motor Company has released its financial results for the first quarter of 2026, revealing a record-high revenue of KRW 45.94 trillion. This figure represents a 3.4% increase compared to the same period last year, primarily driven by robust sales of hybrid electric vehicles (HEVs).
Despite the impressive revenue growth, the company’s operating profit experienced a significant decline, dropping 30.8% to KRW 2.51 trillion. This decrease has been attributed to tariff impacts. Additionally, Hyundai’s net profit fell by 23.6%, amounting to KRW 2.58 trillion.
In terms of global wholesale sales, Hyundai reported a total of 976,219 units sold, with the company gaining market share in several key regions, including North America. This expansion is part of Hyundai’s strategic efforts to solidify its presence in essential markets.
Continuing its commitment to shareholder value, Hyundai announced it will distribute a quarterly dividend of KRW 2,500 per share. This move is part of the company’s ongoing shareholder-friendly policies.
Looking ahead, Hyundai Motor plans to bolster its long-term growth strategy by launching major new models in 2026. These new introductions are expected to support further sales expansion. The company is also focused on enhancing its internal discipline to sustain growth and adapt to market challenges.