Volkswagen cuts FY2026 operating margin forecast to up to 1%

Volkswagen cut its 2026 operating return on sales outlook to up to 1%, versus a prior 4%-5.5% range. Group revenue forecast set at about EUR 315 billion, near the midpoint of guidance for a 3% decline to flat growth. About EUR 10 billion in special items expected to hit operating profit, including EUR 900 million already booked in H1. A EUR 6 billion non-cash goodwill impairment at Porsche is expected to weigh on Q3 operating profit. Auto division net cash flow still seen at EUR 3-6 billion; net liquidity still expected at EUR 32-34 billion. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Volkswagen AG published the original content used to generate this news brief via pressetext (Ref. ID: 202609181115PRESSTXTEUPR__DE5385EA2AF4D02952E113A096EA65C4A) on September 18, 2026, and is solely responsible for the information contained therein. (C)