BMW, DE0005190003

BMW reports third-quarter growth: JPMorgan keeps target for BMW stock at EUR 82.00

Published on 10/14/2026 at 09:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Europe deliveries rose 4.50 percent in nine months. BMW stock costs EUR 54.11 on October 14, 2026 versus EUR 54.42, down 0.57 percent.

BMW's sales and margin path

BMW delivered 1,707,799 vehicles in the first nine months of 2026, down 4.90 percent, on October 13, 2026.
First-half 2026 revenue stood at EUR 62.266 billion, down 8.00 percent year over year.
BMW stock trades at EUR 54.11 at 9:47 a.m. CEST at Lang & Schwarz on October 14, 2026, 0.57 percent below the Xetra close of October 13, 2026.

Isometrische Infografik zeigt Stufen der Fahrzeugproduktion von Rohstoffen bis zur Auslieferung — BMW AG (DE0005190003): isometrisches 3D-Diagramm der Automobil-Wertschöpfungskette von Rohstoffgewinnung bis zur finalen Fahrzeugauslieferung, Illustration mit AI erstellt.

BMW stock (ISIN DE0005190003) was trading at EUR 54.11 at Lang & Schwarz at 9:47 a.m. CEST on October 14, 2026, 0.57 percent below the Xetra close of October 13, 2026. On October 13, 2026, BMW reported stronger deliveries in Europe and the United States, while MarketScreener reported that JPMorgan maintained its Buy rating and EUR 82.00 target for BMW stock.

Three milestones shape BMW's year

On July 30, 2026, BMW's first-half revenue stood at EUR 62.266 billion, down 8.00 percent from the prior-year period, while automotive EBIT margin was 3.60 percent, according to Everything PR. On September 30, 2026, BMW presented a long-term automotive margin corridor of 8.00 percent to 10.00 percent at its Capital Markets Day, as Morningstar reported.

On October 13, 2026, the BMW Group said it delivered 1,707,799 vehicles in the first nine months of 2026, down 4.90 percent year over year, in its BMW Group release. The regional split was constructive: Europe deliveries rose 4.50 percent to 732,279, while US deliveries increased 3.40 percent to 307,402.

What does the growth mix mean?

The electric transition supplied the clearest operating contrast. BMW delivered 110,257 battery-electric vehicles worldwide in the third quarter, up 7.20 percent, while European battery-electric deliveries climbed 37.50 percent to 81,941 units, according to BMW Group. China remained the counterweight, with BMW brand deliveries there down 21.20 percent in the first nine months.

Analyst expectations also leave a wide valuation gap. 4investors reported on October 2, 2026 that Bernstein Research and JPMorgan used EUR 82.00 targets, while UBS and Jefferies used EUR 70.00. The figures frame BMW's 2028 automotive margin goal of 3.00 percent to 5.00 percent against the longer-term 8.00 percent to 10.00 percent corridor.

Next reporting dates are set

Morningstar identified November 4, 2026 as BMW's next quarterly statement date. Simply Wall St lists March 11, 2027 for fiscal year 2026 results.

BMW stock stays below its Xetra close

At Lang & Schwarz, BMW stock was trading at EUR 54.11 on October 14, 2026 at 9:47 a.m. CEST, down 0.57 percent versus the Xetra close of October 13, 2026 at EUR 54.42. The market capitalization was EUR 32.4 billion, while the 52-week range was EUR 51.98 to EUR 97.92. The further course of trading is shown by the continuously updated real-time quote of BMW stock.