Despite stable sales revenue and robust growth in battery electric vehicles, Volkswagen faced significant challenges from U.S. tariffs and restructuring costs, leading to a decline in operating results and notable difficulties in the North American and Chinese markets.

Company Guidance -

Q3 2025

During the Volkswagen AG Investor/Analyst and Media Call for the second fiscal period of 2025, the company shared detailed guidance on its half-year performance and outlook. The Volkswagen Group reported stable sales revenue of EUR 158 billion, aligning with the previous year, despite significant challenges such as increased U.S. import tariffs and restructuring costs. The operating result declined by about a third to EUR 6.7 billion, with an operating return on sales of 4.2%. Excluding tariffs and restructuring, the return on sales was 5.6% for the first half, reaching 6.8% in Q2. Deliveries increased by 1% to 4.4 million units, with battery electric vehicle (BEV) deliveries growing by 47% to 465,000 units. The company highlighted its focus on strategic growth in North America, despite a 7% decline in deliveries there, and emphasized its continued product offensive and cost management efforts. The full-year outlook was adjusted based on tariff scenarios, with anticipated revenues remaining at the previous year's level, an operating return on sales between 4% and 5%, and net cash flow expected to be EUR 1-3 billion.

Stable Sales Revenue

Volkswagen Group generated sales revenue of EUR 158 billion in the first half of 2025, on par with the previous year.

Battery Electric Vehicle Growth

Deliveries of battery electric vehicles (BEVs) recorded strong growth, reaching 465,000 units, representing 11% of group deliveries and an increase of 47%.

Order Backlog Growth

The order backlog in Western Europe grew to around 925,000 vehicles by the end of June, extending well into the fourth quarter.

Strong Performance in Europe and South America

By region, growth was driven by strong performance in Europe and South America, with increases of 2% and 18%, respectively.

Successful Restructuring Efforts

Volkswagen has already reduced the material cost of its compact main platform by 40%, with plans for a further 10% reduction.

Volkswagen AG (VWAGY) Earnings, Revenues Date & History

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VWAGY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	0.76 / -	0.376	―	―	―
Jul 25, 2025	2025 (Q2)	0.51 / 0.73	0.957	-24.03% (-0.23)
Apr 30, 2025	2025 (Q1)	0.42 / 0.60	0.993	-39.38% (-0.39)
Mar 11, 2025	2024 (Q4)	1.04 / 0.97	1.455	-32.99% (-0.48)
Oct 30, 2024	2024 (Q3)	0.54 / 0.38	1.174	-67.97% (-0.80)
Aug 01, 2024	2024 (Q2)	1.11 / 0.96	1.017	-5.90% (-0.06)
Apr 30, 2024	2024 (Q1)	1.06 / 0.99	1.315	-24.49% (-0.32)
Mar 13, 2024	2023 (Q4)	1.19 / 1.46	1.321	10.14% (+0.13)	―
Oct 26, 2023	2023 (Q3)	1.07 / 1.17	0.477	146.12% (+0.70)
Jul 27, 2023	2023 (Q2)	1.22 / 1.02	0.931	9.24% (+0.09)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

VWAGY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 25, 2025	$11.72	$12.02	+2.56%
Apr 30, 2025	$11.00	$10.68	-2.91%
Mar 11, 2025	$11.74	$11.68	-0.51%
Oct 30, 2024	$9.58	$9.75	+1.77%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.