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Corporate Information Hyundai Motor Announces 2026 Q1 Business Results
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Corporate Information Hyundai Motor Announces 2026 Q1 Business Results
SEOUL, April 23, 2026 –Hyundai Motor Company today announced its business results for the first quarter of 2026, delivering its highest-ever first-quarter revenue on the back of strong hybrid-led sales momentum. Revenue rose 3.4 percent year over year to a record KRW 45.94 trillion, underscoring the company’s strength in high-value models.
Hyundai Motor's first-quarter operating profit totaled KRW 2.51 trillion, representing a 30.8 percent year over year decrease, primarily reflecting the impact of U.S. tariffs during the quarter. Net profit, including non-controlling interests, decreased 23.6 percent to KRW 2.58 trillion, while the company recorded a 5.5 percent operating profit margin.
Despite a challenging global demand environment, Hyundai Motor achieved meaningful market share gains across key regions. Global wholesales in the January-March period totaled 976,219 units, a 2.5 percent decrease from the year earlier, impacted as global demand slowed amid geopolitical uncertainties. Nevertheless, the company increased its global market share to 4.9 percent from 4.6 percent, while U.S. market share rose to 6 percent from 5.6 percent, highlighting its sustained competitiveness in strategic markets.
Sales outside Korea declined 2.1 percent to 817,153 units amid challenging global market conditions. The U.S. market delivered resilient growth, with sales increasing 0.3 percent to 243,572 units, helping offset softness in other overseas regions. Korea sales fell 4.4 percent to 159,066 units ahead of major new model launches later in 2026.
Sales of electrified models in the first quarter of 2026 surged 14.2 percent from a year earlier to 242,612 units. Strong EV and HEV sales supported this record performance, which respectively recorded 58,788 units and 173,977 units.
Electrified vehicles represented 24.9 percent of total global sales, with HEV at 17.8 percent—both all-time quarterly highs— reflecting a structural shift toward electrified, high-value models and reinforcing the company’s leadership in electrification.
The company announced a quarterly dividend of KRW 2,500 per common share, consistent with the prior-year period, reaffirming its commitment to shareholder-friendly policies in line with the shareholder value enhancement program announced in 2023.
Hyundai Motor will leverage major new model launches scheduled in 2026 to further enhance sales growth and brand position. At the same time, the company is strengthening internal discipline through zero-based budget reviews and enhanced contingency planning, while maintaining a strategic focus on long-term growth.
Hyundai Motor 2026 Q1 Business Results
2026 Q1 | 2025 Q1 | Y/y Change | ||
Vehicle Sales (Units) | 976,219 | 1,001,150 | △2.5% | |
Korea | 159,066 | 166,360 | △4.4% | |
Rest of the world | 817,153 | 834,790 | △2.1% | |
Global Market Share (%) | 4.9 | 4.6 | 0.3%p | |
Revenue | 45,939 | 44,408 | 3.4% | |
Operating Profit | 2,515 | 3,634 | △30.8% | |
Net profit | 2,585 | 3,382 | △23.6% | |
* Net Profit includes non-controlling interest
* Under K-IFRS
Seohyeon Kim
seohyeon.kim@hyundai.com
Global PR Team 1 · Hyundai Motor Company
Disclaimer: Hyundai Motor Company believes the information contained herein to be accurate at the time of release. However, the company may upload new or updated information if required and assumes that it is not liable for the accuracy of any information interpreted and used by the reader.
About Hyundai Motor Company
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 about revolutionary mobility solutions, while pursuing open innovation to introduce future mobility services. In pursuit of sustainable future for the world, Hyundai will continue its efforts to introduce zero emission vehicles equipped with industry-leading hydrogen fuel cell and EV technologies.
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