Hyundai Motor Company Announces Consolidated Financial Results for the First Quarter of 2026
Hyundai Motor recorded KRW 45.94 trillion in revenue in Q1 2026, driven by strong hybrid sales, despite a 30.8% decline in operating profit due to external factors like US tariffs. The company reached a record 24.9% electrification ratio.
📋 Article Processing Timeline
- 📰 Published: April 27, 2026 at 19:00
- 🔍 Collected: April 27, 2026 at 10:31
- 🤖 AI Analyzed: April 27, 2026 at 11:51 (1h 19m after Collected)
Hyundai Motor Company recently announced its business results for the first quarter of 2026 (January–March).
During the quarter, revenue increased by 3.4% year-over-year to KRW 45.94 trillion, supported by robust sales centered on hybrid models. On the profit side, operating profit decreased by 30.8% to KRW 2.51 trillion, and net profit (including non-controlling interests) fell by 23.6% to KRW 2.58 trillion, impacted by factors such as tariffs in the United States. The operating profit margin stood at 5.5%.
In terms of sales, global wholesale volume decreased by 2.5% year-over-year to 976,219 units, influenced by a global demand slowdown amid geopolitical uncertainties.
By region, sales in the Korean market fell 4.4% to 159,066 units, partly due to the pending introduction of major new models scheduled for late 2026. Overseas markets saw a 2.1% decrease to 817,153 units, while the US market grew 0.3% to 243,572 units.
As a result, global market share rose from 4.6% to 4.9% year-over-year, and US market share climbed from 5.6% to 6.0%.
Electric vehicle sales continued to expand, with total electrified model sales rising 14.2% year-over-year to 242,612 units. This included 58,788 Electric Vehicles (EVs) and 173,977 Hybrid Electric Vehicles (HEVs). The ratio of EVs in total sales reached 24.9%, and the ratio of HEVs alone hit 17.8%, both reaching quarterly record highs as the company shifts toward high-value-added models.
Regarding shareholder returns, based on the shareholder value enhancement program announced in 2023, the company announced a quarterly dividend of KRW 2,500 per common share.
Looking ahead, Hyundai Motor Company aims to expand sales and strengthen its brand position through the launch of major new models scheduled for 2026. At the same time, the company will focus on long-term growth by maintaining internal discipline, including zero-based budget reviews and strengthening contingency plans.
About Hyundai
Established in 1967, Hyundai Motor Company is present in over 200 countries with more than 120,000 employees dedicated to tackling real-world mobility challenges around the globe. Based on the brand vision 'Progress for Humanity,' Hyundai Motor is accelerating its transformation into a Smart Mobility Solution Provider. The company invests in advanced technologies such as robotics and Advanced Air Mobility (AAM) to bring revolutionary mobility solutions while pursuing open innovation to introduce future mobility services. For a sustainable future for the world, Hyundai Motor will continue its efforts to introduce zero-emission vehicles equipped with industry-leading hydrogen fuel cell and EV technologies.
For more information about Hyundai Motor Company and its products, please visit:
https://www.hyundai.com/worldwide/en/
During the quarter, revenue increased by 3.4% year-over-year to KRW 45.94 trillion, supported by robust sales centered on hybrid models. On the profit side, operating profit decreased by 30.8% to KRW 2.51 trillion, and net profit (including non-controlling interests) fell by 23.6% to KRW 2.58 trillion, impacted by factors such as tariffs in the United States. The operating profit margin stood at 5.5%.
In terms of sales, global wholesale volume decreased by 2.5% year-over-year to 976,219 units, influenced by a global demand slowdown amid geopolitical uncertainties.
By region, sales in the Korean market fell 4.4% to 159,066 units, partly due to the pending introduction of major new models scheduled for late 2026. Overseas markets saw a 2.1% decrease to 817,153 units, while the US market grew 0.3% to 243,572 units.
As a result, global market share rose from 4.6% to 4.9% year-over-year, and US market share climbed from 5.6% to 6.0%.
Electric vehicle sales continued to expand, with total electrified model sales rising 14.2% year-over-year to 242,612 units. This included 58,788 Electric Vehicles (EVs) and 173,977 Hybrid Electric Vehicles (HEVs). The ratio of EVs in total sales reached 24.9%, and the ratio of HEVs alone hit 17.8%, both reaching quarterly record highs as the company shifts toward high-value-added models.
Regarding shareholder returns, based on the shareholder value enhancement program announced in 2023, the company announced a quarterly dividend of KRW 2,500 per common share.
Looking ahead, Hyundai Motor Company aims to expand sales and strengthen its brand position through the launch of major new models scheduled for 2026. At the same time, the company will focus on long-term growth by maintaining internal discipline, including zero-based budget reviews and strengthening contingency plans.
About Hyundai
Established in 1967, Hyundai Motor Company is present in over 200 countries with more than 120,000 employees dedicated to tackling real-world mobility challenges around the globe. Based on the brand vision 'Progress for Humanity,' Hyundai Motor is accelerating its transformation into a Smart Mobility Solution Provider. The company invests in advanced technologies such as robotics and Advanced Air Mobility (AAM) to bring revolutionary mobility solutions while pursuing open innovation to introduce future mobility services. For a sustainable future for the world, Hyundai Motor will continue its efforts to introduce zero-emission vehicles equipped with industry-leading hydrogen fuel cell and EV technologies.
For more information about Hyundai Motor Company and its products, please visit:
https://www.hyundai.com/worldwide/en/