Porsche SE cuts 2026 forecast while Porsche SE stock trades below EUR 24.49

Published on 10/15/2026 at 13:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Porsche SE cuts its 2026 range to minus EUR 0.5 billion to plus EUR 1.5 billion. Porsche SE stock costs EUR 24.41 on October 15, 2026, below EUR 24.49 Xetra close.

Forecast changes shape earnings

On September 18, 2026, Porsche SE cut its adjusted 2026 result range from EUR 1.5 billion-EUR 3.5 billion to minus EUR 0.5 billion-EUR 1.5 billion.
At June 30, 2026, adjusted group result after tax reached EUR 949 million, while net debt stood at EUR 4.982 billion.
Porsche SE stock trades at EUR 24.41 at 1:12 p.m. CEST at Lang & Schwarz on October 15, 2026, 0.33 percent below the Xetra close of October 14, 2026.

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Porsche SE (ISIN DE000PAH0038) now expects an adjusted 2026 group result after tax between minus EUR 0.5 billion and plus EUR 1.5 billion. The range was cut from EUR 1.5 billion to EUR 3.5 billion on September 18, 2026, according to Deutsche Boerse. The holding company still expects a positive result overall, but the lower end of the range now enters negative territory.

Why did the forecast change?

The downgrade followed Volkswagen's weaker 2026 outlook, which directly affects Porsche SE because it holds around 31.9 percent of Volkswagen. The official announcement said Volkswagen expected an operating return on sales of up to 1 percent, compared with 4.0 percent to 5.5 percent previously, and cited a non-cash goodwill impairment of approximately EUR 6 billion.

Porsche SE said the impairment would not affect its own adjusted result because corresponding adjustments had already been made in previous years. It also confirmed expected year-end 2026 net debt of EUR 4.7 billion to EUR 5.2 billion, according to Deutsche Boerse.

What does the balance sheet show?

The latest interim figures put the earnings reset into context. For the six months ended June 30, 2026, Porsche SE reported adjusted group result after tax of EUR 949 million, net debt of EUR 4.982 billion, net asset value of EUR 12.5 billion and a 34 percent holding discount, according to Porsche SE. The figures underline the distinction between the holding's reported earnings and the value of its investment portfolio.

Next reporting date is November 10

Porsche SE's next scheduled reporting event is the group quarterly update for the third quarter of 2026 on November 10, 2026, as listed on its investor-relations calendar. The date offers the next formal checkpoint for the revised earnings range and the debt outlook.

Stock trades below the Xetra close

Porsche SE stock was trading at EUR 24.41 at Lang & Schwarz on October 15, 2026, at 1:12 p.m. CEST, down 0.33 percent versus the Xetra close of October 14, 2026 at EUR 24.49. The market capitalization was EUR 7.5 billion and the 52-week range was EUR 24.29 to EUR 41.52 as of October 15, 2026. The further course of trading is shown by the continuously updated real-time quote of Porsche SE stock.