Bernstein rates Daimler Truck stock Underperform

Published on 10/05/2026 at 11:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached EUR 12.3 billion, up 5% year over year. Daimler Truck stock costs EUR 41.03 on October 5, 2026, versus EUR 40.78.

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Daimler Truck stock (ISIN DE000DTR0CK8) was trading at EUR 41.03 at Lang & Schwarz on October 5, 2026 at 11:12 a.m. CEST, standing 0.61 percent above the EUR 40.78 prior close. The analysis table published by finanzen.at lists Bernstein Research at Underperform on September 29, 2026.

Second-quarter revenue rose 5 percent

Daimler Truck generated EUR 12.3 billion in revenue in the second quarter of 2026, up 5 percent year over year, according to the company's earnings call transcript published by Yahoo Finance on August 7, 2026. Industrial business revenue increased 6 percent to EUR 11.4 billion, while adjusted EBIT declined 22 percent to EUR 780 million in the same quarter.

The contrast matters for the rating debate. Volume and revenue improved, but the adjusted return on sales for the industrial business fell to 6.8 percent from 9.2 percent in the prior-year quarter, with tariff effects and higher costs weighing on profitability.

Guidance points to stronger second half

Management expects adjusted EBIT of EUR 3.6 billion to EUR 4.1 billion for the full year 2026. The industrial business guidance calls for revenue of EUR 43 billion to EUR 47 billion, unit sales of 340,000 to 370,000 vehicles and adjusted return on sales of 7 percent to 9 percent, according to the same Yahoo Finance transcript.

The main operating swing factor is Trucks North America. Daimler Truck expects adjusted return on sales of 9 percent to 11 percent and unit sales of 160,000 to 180,000 vehicles there in full-year 2026, while higher expected volumes and lower tariff effects supported the guidance increase.

Buyback adds a capital return signal

Daimler Truck's buyback program permits purchases of up to 72,487,118 shares for a total of EUR 2 billion. The first tranche acquired 7,157,740 shares for EUR 300 million through September 16, 2026, while the second tranche can reach EUR 1.1 billion through June 30, 2027, according to EQS News on September 18, 2026. That capital return program provides a separate support factor, while Bernstein's Underperform rating keeps attention on the gap between revenue growth and industrial profitability.

Next results arrive November 6

Daimler Truck's next quarterly financial report, conference call and analyst conference are scheduled for November 6, 2026, according to the investor calendar published by EQS News. The release will test whether the second-quarter revenue recovery is translating into the 7 percent to 9 percent industrial return-on-sales range.

Daimler Truck was trading at EUR 41.03 at Lang & Schwarz on October 5, 2026 at 11:12 a.m. CEST, versus the EUR 40.78 prior close and with a plus 0.61 percent daily change. The further course of trading is shown by the continuously updated real-time quote of Daimler Truck stock.