Polestar Reports Second Quarter Select and H1 2026 Financial Results
Polestar reported H1 2026 revenue of USD 1,360 million, down 4.4% year-on-year, with the operating loss narrowing 43% to USD 629 million and net loss of USD 842 million. The improvement is flattered by a USD 724 million impairment in H1 2025 — adjusted EBITDA loss actually widened to USD 521 million from USD 302 million. Management cut 2026 volume guidance to low-to-mid single-digit growth from low double-digit, citing H1 performance, the end-of-lifecycle Polestar 2, and a highly competitive market. Q2 retail sales fell 4% to 17,296 cars and Q2 revenue dropped 8.1% to USD 727 million.
Key figures
- Revenue
- 1360000000
- Guidance
- 2026 volume guidance updated to low-to-mid single-digit volume growth, from previous low double-digit volume growth
- Revenue Yoy
- -4.4%
- Q2 revenue
- 727000000
- Cash position
- 888000000
- Club loan size
- 950000000
- Q2 revenue yoy
- -8.1%
- H1 gross margin
- -8.4%
- H1 retail units
- 30423
- Q2 net loss yoy
- improved 55.3%
- Q2 retail units
- 17296
- New equity raised
- 700000000
- H1 retail units yoy
- +0.4%
- Q2 retail units yoy
- -4.0%
- H1 operating loss yoy
- improved 42.6%
- H1 adjusted gross margin
- -8.5%
- Debt to equity conversions
- 640000000
- Volvo shareholder loan extended
- USD 660 million maturity extended from December 2028 to December 2031
- Bis related negative adjustments
- 130000000
- Us restructuring h1 operating loss impact
- 211000000
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.