PSNY

Polestar reported Q2 earnings that missed on revenues amid continual delivery challenges. Polestar also lowered its production guidance for FY 2026, seeing only as much as 5% Y/Y growth. PSNY's Q2'26 deliveries dropped 4% in the second-quarter, leading to a revenue decline on a year-over-year basis of 8.1%. The EV firm continued to see negative gross margins in its core EV manufacturing business as well as elevated free cash flow.

Polestar reported Q2 results with declining delivery volumes, 8% lower revenues, and continued large losses. PSNY faces ongoing cash burn, negative working capital exceeding $4.7 billion, and a weak balance sheet despite support from Geely and Volvo. A US sales ban from and tough competition have driven management to cut sales expectations and contributed to a bleak outlook.

Polestar stock sank after the EV maker cut its volume-growth outlook as U.S. restrictions and weak EV demand add to its problems.

Polestar Automotive Holding UK PLC (PSNY) Q2 2026 Earnings Call Transcript

Polestar Automotive Holding UK NASDAQ: PSNY reported record first-half retail sales as it expanded its retailer-led sales model and increased contributions from its Polestar 4 model, though the electric-vehicle maker lowered its full-year volume outlook amid pricing pressure, regulatory challenges in the U.S. and broader market competition.

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) presents its consolidated financial results and operational metrics for the three-month and six-month periods ended June 30, 2026. Michael Lohscheller, Polestar CEO, said: “The operational improvements being implemented across the business are starting to show results. We cut our reported operating loss by 43% in the first half of 2026 versus last year, when a significant net impairment expense impacted our results. Working in a chall.

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) announces the appointment of Arek Nowinski to its Board of Directors. Arek is currently Head of Eastern Europe, Middle East, Africa and Asia Pacific at Volvo Cars and has held several other senior sales leadership positions during his career. He holds an MSc in International Finance from the University of Derby and an MA in Finance and Banking from the Warsaw School of Economics. Arek replaces Francesca Gamboni, who has chosen to reti.

The New Jersey dealer is seeking at least $25 million in damages after the Chinese-owned automaker's exit from the U.S.

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar's (Nasdaq: PSNY) retail sales in the first half of 2026 amounted to a record estimated 30,423 cars. In the second quarter, retail sales were an estimated 17,296 cars. Michael Lohscheller, Polestar CEO, says: “Delivering record sales in the first half of the year, despite regulatory and market headwinds, is a significant achievement. We continue to make progress across the business, delivering strong growth in several key markets, especially in the U.

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) announces that Geely Sweden Holdings AB and Volvo Cars completed previously announced debt-to-equity conversions. On 30 June 2026, approximately USD 300 million and USD 66 million of their respective outstanding shareholder loans were converted into Polestar's equity. This brings the total of debt converted by the parties into Polestar's equity to approximately USD 640 million since the beginning of 2026. As previously announced, the r.