Stellantis has returned to profitability in the second quarter of 2026, reporting a net profit of €293 million ($335 million) for the period from March to June.

The result marks a significant turnaround for the US-French-Italian automotive giant, which posted a dramatic loss in the same period last year.

The return to black is largely attributed to stronger-than-expected demand in North America, a key market for the group’s Jeep and Fiat brands.

This regional strength helped offset broader headwinds in the European automotive sector, where competition and regulatory pressures have weighed on margins.

The results serve as a tentative validation of CEO Antonio Filosa’s turnaround strategy, which has focused on cost discipline and product mix optimization.

Investors will be watching to see if this profitability can be sustained as the company navigates ongoing supply chain challenges and shifting consumer preferences toward electric vehicles.