BYD Company stock: Profit rises 28% but misses forecasts
Published on 10/30/2026 at 09:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSThird-quarter figures reset expectations
- BYD returned to year-on-year revenue growth after four consecutive quarters of contraction.
- Strong export growth helped offset persistent weakness in the Chinese home market.
- Quarterly profit and revenue nevertheless fell short of broker forecasts.
BYD Company reported a smaller-than-expected increase in third-quarter profit on Thursday, October 29, as competition in China continued to pressure demand. Net profit rose 28 percent to 10 billion yuan, according to Reuters.
Profit growth misses broker forecasts
The result was below estimates from three brokerages compiled by Reuters, which ranged from 11.4 billion to 12.95 billion yuan. Profit growth also slowed from a 30 percent increase in the second quarter, underscoring the pressure on margins and demand in BYD's domestic market.
Revenue increased 13.6 percent year on year to 221.5 billion yuan. That ended a four-quarter run of annual revenue declines and reversed a 3 percent contraction in the second quarter, but the improvement was not enough to prevent the earnings shortfall.
Exports counter domestic pressure
Strong export growth helped offset persistent weakness in China, Reuters reported. The international expansion gives BYD an important growth channel as competition among Chinese electric-vehicle manufacturers intensifies at home, although the quarterly result shows that overseas momentum has not removed the pressure on near-term earnings expectations.
The real-time quote of BYD Company stock was 7.79 euros at Lang & Schwarz on Friday, October 30, 2026, at 09:41 Berlin time, 0.39 percent above the Xetra close of 7.76 euros on Thursday, October 29.
BYD Company market snapshot
- Company: BYD Company Limited
- ISIN: CNE100000296
- Xetra ticker: BY6.F
- Lang & Schwarz quote: 7.79 euros on October 30, 2026, at 09:41 Berlin time
- Change versus Xetra close: 0.39 percent above the 7.76-euro close on October 29, 2026
For investors tracking the broader Chinese market, the Shanghai Composite provides a relevant market backdrop.
Further earnings details and developments can be followed through More news and analyses on BYD Company stock.
