Hyundai Motor's Q3 operating profit rises 5.5% despite external challenges

Hyundai Motor reported a 5.5 percent rise in operating profit to 2.68 trillion won in the third quarter, as stronger hybrid sales and favorable exchange rates helped offset production disruptions and weaker global demand. Sales fell 3.4 percent to 45 trillion won from July to September. The company lowered its full-year operating margin and vehicle sales targets, while maintaining its sales growth target of 1 percent to 2 percent. It plans to increase production and roll out new models in the fourth quarter.

The average won-dollar exchange rate rose 2.8 percent year on year to 1,423 won in the third quarter.

Hybrids made up 18.2 percent of Hyundai Motor’s global vehicle sales, up 2.7 percentage points from a year earlier, and the company sold 167,414 hybrids excluding plug-in hybrids.

Total electrified vehicle sales, including hybrids, electric vehicles and plug-in hybrids, fell 2.7 percent to 245,540 vehicles.

Domestic sales fell 27.2 percent to 131,468 vehicles, while overseas sales declined 8 percent to 789,242 units.

Hyundai Motor set its third-quarter dividend at 2,500 won per share, scheduled for payment on Dec. 30.

Published Oct 29, 2026 2:43 pm KST

Operating profit reaches $2.05 bil., while sales fall 3.4% to $33.6 bil.

Hyundai Motor headquarters in Seoul / Courtesy of Hyundai Motor

Hyundai Motor posted modest growth in operating profit in the third quarter, as stronger sales of higher-value vehicles, particularly hybrids, and favorable exchange rates helped offset production disruptions and weaker global demand, the carmaker said Thursday.

In a regulatory filing, the automaker reported operating profit growth of 5.5 percent between July and September to 2.68 trillion won ($2.05 billion), while its sales fell 3.4 percent to 45 trillion won during the same period.

The carmaker managed to weather market concerns to some extent with the earnings growth, as the market expected the carmaker to continue its losing streak due to multiple risk factors, such as its domestic production disruptions caused by labor strikes and the deepening auto competition across the globe.

Hyundai Motor attributed the profit increase to favorable exchange rates, cost optimization measures and an improved sales mix driven by growing demand for hybrid cars. The average won-dollar exchange rate rose 2.8 percent from a year earlier to 1,423 won during the third quarter.

Hyundai Motor's best-selling Tucson SUVs / Courtesy of Hyundai Motor

Hybrids accounted for 18.2 percent of the company's global vehicle sales, up 2.7 percentage points from a year earlier. The company sold 167,414 hybrid cars, excluding plug-in hybrids, during the quarter, an increase of about 6,000 vehicles from the same period last year.

The stronger hybrid performance helped cushion the impact of declining sales of other electrified vehicles. Hyundai Motor's total electrified vehicle sales, including hybrids, electric vehicles (EVs) and plug-in hybrids, fell 2.7 percent to 245,540 vehicles.

By region, domestic sales fell 27.2 percent to 131,468 vehicles, reflecting production disruptions caused by labor strikes. Overseas sales declined 8 percent to 789,242 units amid weaker global demand and export disruptions.

Despite the increase in operating profit, Hyundai Motor faces continued pressure from rising raw material costs and tariffs from the United States.

The automaker expects external uncertainty to persist amid geopolitical tensions, intensifying competition and elevated raw material prices. It also anticipates continued pressure from U.S. tariffs, which have weighed on the operating environment for Korean automakers.

Hyundai Motor lowered its full-year operating profit-to-sales ratio target to between 5.5 percent and 6.5 percent, from its previous range of 6.3 percent to 7.3 percent. It also cut its annual sales target to 4 million vehicles from 4.16 million.

The company maintained its full-year sales growth target of 1 percent to 2 percent.

“Hyundai Motor plans to recover sales in the fourth quarter through increased production, the full-scale rollout of new models and further improvements in its vehicle mix,” an official from the company said.

“Domestic production began returning to normal in September, providing a foundation for higher output in the final quarter,” the official said.

The automaker also plans to continue improving its cost structure to protect profitability amid unfavorable market conditions.

Despite the weaker outlook, Hyundai Motor reaffirmed its commitment to shareholder returns, setting its third-quarter dividend at 2,500 won per share. The dividend is scheduled to be paid on Dec. 30.

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现代汽车公布第三季度营业利润增长5.5%，达到2.68万亿韩元，这主要得益于混合动力车型销量强劲以及有利的汇率，从而抵消了生产中断和全球需求疲软的影响。7月至9月，销量下降3.4%，至45万亿韩元。该公司下调了全年营业利润率和汽车销量目标，但维持1%至2%的销售增长目标不变。该公司计划在第四季度提高产量并推出新车型。

第三季度韩元兑美元平均汇率同比上涨2.8%，达到1423韩元。

混合动力汽车占现代汽车全球汽车销量的 18.2%，比上年增长 2.7 个百分点，该公司共售出 167,414 辆混合动力汽车（不包括插电式混合动力汽车）。

包括混合动力汽车、电动汽车和插电式混合动力汽车在内的电动汽车总销量下降了 2.7%，至 245,540 辆。

国内销量下降 27.2% 至 131,468 辆，而海外销量下降 8% 至 789,242 辆。

现代汽车将第三季度股息定为每股 2500 韩元，将于 12 月 30 日支付。

发布于2026年10月29日下午2:43（韩国标准时间）

营业利润达到 20.5 亿美元，而销售额下降 3.4% 至 336 亿美元。

现代汽车首尔总部 / 图片由现代汽车提供

现代汽车周四表示，由于高价值汽车（尤其是混合动力汽车）的销量强劲增长，以及有利的汇率，抵消了生产中断和全球需求疲软的影响，该公司第三季度营业利润实现了小幅增长。

该汽车制造商在一份监管​​文件中报告称，7 月至 9 月期间营业利润增长 5.5%，达到 2.68 万亿韩元（20.5 亿美元），而同期销售额下降 3.4%，至 45 万亿韩元。

由于市场预期这家汽车制造商会因劳工罢工导致的国内生产中断以及全球汽车市场竞争加剧等多种风险因素而继续亏损，因此，这家汽车制造商凭借盈利增长在一定程度上缓解了市场的担忧。

现代汽车将利润增长归功于有利的汇率、成本优化措施以及混合动力汽车需求增长带来的销售组合改善。第三季度韩元兑美元平均汇率同比上涨2.8%，达到1423韩元。

现代汽车最畅销的途胜SUV / 图片由现代汽车提供

混合动力汽车占该公司全球汽车销量的18.2%，比上年同期增长2.7个百分点。该公司本季度共售出167,414辆混合动力汽车（不包括插电式混合动力汽车），比去年同期增加约6,000辆。

混合动力车型性能的提升有助于缓解其他电动汽车销量下滑带来的影响。现代汽车的电动汽车总销量（包括混合动力汽车、电动汽车和插电式混合动力汽车）下降了2.7%，至245,540辆。

按地区划分，受劳工罢工导致的生产中断影响，国内销量下降27.2%至131,468辆。受全球需求疲软和出口中断的影响，海外销量下降8%至789,242辆。

尽管营业利润有所增长，但现代汽车仍面临着原材料成本上涨和美国关税带来的持续压力。

这家汽车制造商预计，地缘政治紧张局势、日益激烈的竞争和高企的原材料价格将持续带来外部不确定性。该公司还预计，美国关税将继续施加压力，这些关税已经对韩国汽车制造商的经营环境造成了不利影响。

现代汽车将全年营业利润率目标从之前的6.3%至7.3%下调至5.5%至6.5%。同时，该公司还将年度销售目标从416万辆下调至400万辆。

该公司维持了全年销售增长1%至2%的目标。

“现代汽车计划通过提高产量、全面推出新车型以及进一步改进车辆组合，在第四季度恢复销量，”该公司一位官员表示。

“国内生产从9月份开始恢复正常，为第四季度更高的产量奠定了基础，”该官员表示。

该汽车制造商还计划继续改善其成本结构，以在不利的市场环境下保障盈利能力。

尽管前景疲软，现代汽车仍重申了对股东回报的承诺，将第三季度股息定为每股2500韩元。股息将于12月30日派发。

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