Renault Group reported first-half 2026 group revenue of €30.3 billion, up 9.5% compared to the first half of 2025. At constant exchange rates, revenue increased 10.3%. Automotive revenue reached €26.8 billion, up 9.3%, while Mobilize Financial Services revenue amounted to €3.4 billion, up 11%.
The Group posted an operating margin of €1.6 billion, or 5.2% of revenue. Automotive operating margin stood at €814 million, representing 3% of Automotive revenue, down from €985 million a year earlier. Mobilize Financial Services contributed €753 million to the Group’s operating margin, up €85 million year-over-year. Net income stood at €721 million for the half, with net income attributable to Group share at €705 million, or €2.39 per share.
Automotive free cash flow reached €653 million, including €250 million in dividends from Mobilize Financial Services, compared to €150 million a year earlier. The Automotive net cash financial position stood at €6.6 billion as of June 30, 2026, and Automotive liquidity reserve stood at €17.7 billion. Total inventories stood at 546,000 vehicles as of June 30, 2026, a level Renault said will allow it to operate smoothly through the second half of the year.
Renault said electrified sales in Europe reached 52% of Group sales in the first half, up 8.2 points year-over-year, with EV sales up 47.6% and representing 18.8% of Group sales. Internationally, Group sales grew 61.2% in India, 15.4% in Türkiye, 13.7% in Morocco, and 5.3% in Brazil, while Alpine sales rose 69.1% year-over-year. Renault Group confirmed its 2026 full-year financial outlook, targeting a Group operating margin around 5.5% of revenue and Automotive free cash flow of around €1 billion.
KEY QUOTES:
Our robust first-half results demonstrate that futuREady is more than a strategic plan; it is becoming the way Renault Group operates. As a growth-driven plan, it is already delivering first tangible results, highlighted by a 10% increase in revenue thanks to our futuREady strong product momentum. In the first half, we launched Clio VI and Twingo E-Tech electric in Europe, as well as Boreal and Duster in international markets, all with electrified powertrains. This momentum will accelerate in the second half with the launch of Renault Niagara for international markets, New Renault Megane E-Tech, Dacia Striker, Dacia Sandero HEV and New Dacia Spring, while production of the first European Software Defined Vehicle, Trafic Van E-Tech, will begin before year-end.
futuREady is in action in everything we do and across every part of the Group to transform it from a success story into a success system: the engineering organization transformation is being implemented, enabling faster decision-making, and the 2-year vehicle development time is becoming our new standard. Thanks to disciplined execution, we achieved our cost targets in the first half, and in the current challenging environment, the strength of our fundamentals enables us to deliver robust profitability and cash while investing in future growth. The Group benefits from its virtuous operating model coming from both its Automotive segment performance and its tier 1 financial captive, Mobilize Financial Services. MFS represents a key competitive advantage that sets us apart among our industry. The quality of our first-half results, together with the momentum of our product plan and the continued delivery of futuREady, provides us the confidence to confirm our full-year guidance.
François Provost, CEO of Renault Group
