Volkswagen stock fell 1.17 percent as margins stayed under pressure

Published on 09/29/2026 at 08:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Volkswagen stock faces a 3.8 percent H1 operating margin after revenue reached EUR 158.1 billion. Jefferies kept its EUR 120.00 target on September 18, 2026.

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Volkswagen stock (ISIN DE0007664039) was last at EUR 70.88 on Xetra on September 28, 2026, down 1.17 percent from the previous session. The price stood 2.43 percent above its 52-week low of EUR 69.20, while the company carried a market capitalization of EUR 35.5 billion.

Margins remain the key issue

Volkswagen Group generated EUR 158.1 billion in revenue in the first half of 2026, compared with EUR 158.4 billion in the same period of 2025. According to NadirAlpha, operating profit fell 11.6 percent to EUR 5.9 billion and the operating margin reached 3.8 percent in H1 2026, down from 4.2 percent a year earlier.

The earnings pressure was also visible below operating profit. H1 2026 net income was EUR 3.1 billion, down from EUR 4.5 billion in H1 2025, while second-quarter revenue reached EUR 82.4 billion and second-quarter net income was EUR 1.5 billion, according to NadirAlpha.

Analysts keep higher targets

Jefferies kept Volkswagen at Buy with a EUR 120.00 price target in its September 18, 2026 research, published by finanzen.net. Analyst Philippe Houchois said the new operating-margin target implied EUR 12.0 billion of EBIT below the midpoint of the previous target range and identified additional Porsche write-downs as the largest negative factor.

Berenberg also maintained a Buy rating and a EUR 100.00 target on September 22, 2026, according to MarketScreener. The different target levels show that analysts remain constructive on the restructuring potential, even as the latest operating figures point to weaker profitability.

Volkswagen stock stays near yearly low

Volkswagen stock was last at EUR 70.88 on Xetra on September 28, 2026, with a session high of EUR 72.74, a session low of EUR 70.88 and volume of 746,352 shares. The primary listing is VOW3.DE, and the stock remains close to its 52-week low while analysts retain targets above EUR 100.00.