Mercedes stock heads into the Q3 report with China pressure

Published on 10/04/2026 at 15:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Mercedes stock was last at EUR 39.73 on October 2 after a 0.84 percent drop. Q2 EBIT rose 22 percent year over year to EUR 1.5 billion, while 2026 margin guidance stays at 3%-5%.

Flatlay mit Aktienzertifikat, ISIN-Karte und Autozubehör auf Holztisch — Flatlay mit Aktienzertifikat und ISIN-Karte symbolisiert eine Kapitalanlage in Mercedes-Benz Group AG (DE0007100000), Illustration mit AI erstellt.

Mercedes stock (ISIN DE0007100000) was last at EUR 39.73 on Xetra on October 2, 2026 at 5:35 p.m. CEST, down 0.84 percent for the session. The next major checkpoint is the third-quarter update, while China remains the central pressure point in the latest company outlook.

Q2 EBIT rose 22 percent

Mercedes-Benz generated EUR 32 billion of group revenue in Q2 2026, with EBIT at EUR 1.5 billion, 22 percent above the prior-year quarter, according to Yahoo Finance on September 24, 2026.

The quarterly operating picture was uneven. Adjusted return on sales for Mercedes-Benz Cars stood at 4 percent in Q2 2026, while the group retained its full-year adjusted return on sales guidance of 3%-5%, according to Yahoo Finance.

China shapes the next report

Mercedes-Benz said Q2 sales in China declined 30 percent to 98,624 vehicles, while Germany delivered a 6 percent increase, according to Yahoo Finance on September 25, 2026. That split helps explain why group EBIT improved even as the core car business faced weaker demand in China.

Analyst positioning remains mixed. FinanzNachrichten reported on September 29, 2026, that Deutsche Bank Research kept a Buy rating while cutting its Mercedes-Benz price target from EUR 73 to EUR 70. The bank identified structural challenges in China as the main burden.

Average target stays above price

MarketScreener lists an Outperform consensus from 23 analysts, with an average target of EUR 56.34. Against the October 2 price of EUR 39.73, that target lies 41.8 percent above the price, making the next operating update important for the valuation debate.

Mercedes-Benz lists an October 8, 2026, Q3 pre-close call and an October 28, 2026, Q3 interim report and analyst conference in its financial calendar, according to Mercedes-Benz Group.

Mercedes stock stays near yearly low

Mercedes stock was last at EUR 39.73 on Xetra on October 2, 2026 at 5:35 p.m. CEST. The same quote stood at the bottom of its EUR 39.73 to EUR 62.34 52-week range, with a market capitalization of EUR 38.0 billion and volume of 2,480,242 shares.