Volkswagen AG stock gains 1.57 percent on October 5

Published on 10/05/2026 at 21:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Volkswagen AG stock gained 1.57 percent on October 5, 2026, while H1 operating profit fell 11.6 percent to EUR 5.9 billion. Deutsche Bank cut its target to EUR 105.

Elektro-Kompaktwagen an Ladestation auf Industriegelände bei Dämmerung — Volkswagen AG Vz (DE0007664039) – Generischer Elektro-Kompaktwagen lädt zur blauen Stunde auf Werksgelände, Illustration mit AI erstellt.

Volkswagen AG stock (ISIN DE0007664039) was last at EUR 68.54 on Xetra on October 5, 2026, up 1.57 percent from the prior close. The move came as investors weighed a weaker 2026 profit outlook against Volkswagen's cash position and upcoming third-quarter results.

H1 profit falls 11.6 percent

Volkswagen reported H1 2026 sales revenue of EUR 158.1 billion, compared with EUR 158.4 billion in H1 2025. Operating profit fell 11.6 percent to EUR 5.9 billion, leaving the operating margin at 3.8 percent, according to Volkswagen Group in its investor information for the period ended June 30, 2026.

Vehicle deliveries reached 4.0 million units in the first half, down 8.4 percent from H1 2025. The comparison shows the pressure on volumes, while revenue held close to the prior-year level because Financial Services offset weaker passenger-car revenue.

Margin guidance stays under pressure

Volkswagen now expects full-year 2026 operating return on sales of up to 1 percent, compared with its earlier 4.0 percent to 5.5 percent range. The company attributes the revision to market pressure, China weakness and special effects including a EUR 6 billion Porsche goodwill impairment, as Volkswagen Group explained on September 18, 2026.

The underlying operating return on sales is expected at about 4 percent after the one-time effects, while automotive net cash flow guidance remains EUR 3 billion to EUR 6 billion. That split matters for investors: reported profit is being reduced by exceptional charges, but the cash outlook remains a central support for the investment case.

Deutsche Bank lowers target

Deutsche Bank Research kept its Buy rating on September 29, 2026, but reduced its Volkswagen price target from EUR 115 to EUR 105. finanzen.ch reported that the bank identified China as the largest structural challenge. The new target lies 53.1 percent above the October 5 price.

Stock remains below yearly high

Volkswagen's Xetra price of EUR 68.54 on October 5 stood above the 52-week low of EUR 67.02 and 37.2 percent below the 52-week high of EUR 109.15. Market capitalization was EUR 34.4 billion and volume reached 902,957 shares on the same date.

The next scheduled checkpoint is Volkswagen's report for January through September 2026 on October 29, 2026, listed in the company's investor calendar. Until then, the key tension is visible in the numbers: H1 revenue was broadly stable, but operating profit declined and the full-year margin ceiling is now 1 percent.