Hyundai Motor reports 21% drop in Q2 operating profit, misses forecasts

Hyundai Motor reported a ‌21% fall in second-quarter operating ​profit on Thursday, missing ⁠analysts’ estimates, as weaker vehicle sales, production disruptions and higher costs outweighed ‌support from a weaker won.

Hyundai, which together with ‌affiliate Kia Corp is the ‌world’s ⁠third-biggest automaking group by ⁠sales, posted operating profit of 2.9 trillion won ($1.98 billion) for the April-June period, ​compared with 3.6 ‌trillion won a year earlier.

That compared with a 3.2 trillion won forecast by LSEG SmartEstimate, ‌which is weighted toward analysts ​who are more consistently accurate.

Hyundai Motor said revenue ⁠rose 2% from a year earlier to 49.2 trillion won.

Shares of ‌Hyundai Motor were trading up 2% after the earnings announcement.

Hyundai forecasts macroeconomic uncertainty will persist and competition in the industry will be tougher.

Its ‌weak performance underscores wider challenges facing ​the auto industry, as carmakers contend with rising energy ⁠and raw material costs as well ⁠as supply chain disruptions linked to US tariffs and ‌conflict in West Asia.

Published on July 23, 2026