Porsche SE stock reflects a lower 2026 earnings forecast

Published on 10/04/2026 at 21:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Porsche SE stock was last at EUR 24.53 on October 2, 2026, after a lower earnings range. Half-year profit reached EUR 949 million, while net debt stood at EUR 4.982 billion.

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Porsche SE stock reflects a lower 2026 earnings forecast after the holding company cut its adjusted group result range to EUR minus 0.5 billion to plus 1.5 billion on September 18, 2026. The shares were last at EUR 24.53 on Xetra on October 2, 2026, down 0.65 percent for the session and 0.12 percent above the 52-week low of EUR 24.50.

Forecast range moves lower

According to MarketScreener, Porsche SE previously expected an adjusted group result after tax between EUR 1.5 billion and EUR 3.5 billion for fiscal year 2026. The revised range therefore lowers the upper end by EUR 2.0 billion and moves the lower end from a profit to a loss.

The change followed Volkswagen's lower 2026 operating margin outlook. Reuters reported on September 18, 2026, that Porsche SE also cut its outlook and that its shares fell 4.9 percent after the announcement.

Half-year figures show the balance

Porsche SE reported EUR 949 million in adjusted group result after tax for the six months ended June 30, 2026, according to its Porsche SE investor-relations page. The same update lists net debt of EUR 4.982 billion, a net asset value of EUR 12.5 billion and a 34 percent holding discount at June 30, 2026.

The contrast is important for shareholders: the holding still reports positive adjusted earnings for the first half, while its full-year range now spans a loss and a profit. The company also expects fiscal-year 2026 net debt between EUR 4.7 billion and EUR 5.2 billion, keeping leverage central to the valuation discussion.

Consensus remains above the quote

MarketScreener shows a HOLD consensus from 10 analysts, with an average price target of EUR 35.72, a high target of EUR 43.00 and a low target of EUR 26.25. Against the EUR 24.53 Xetra price on October 2, 2026, the average target lies 45.6 percent above the stock price.

Stock remains near yearly low

Porsche SE stock was last at EUR 24.53 on Xetra on October 2, 2026, with a session high of EUR 25.00, a session low of EUR 24.50 and volume of 614,534 shares. Its 52-week range was EUR 24.50 to EUR 41.52, while market capitalization stood at EUR 7.5 billion.