Porsche AG stock trades at EUR 44.22 as profit rises

Porsche AG stock traded at EUR 44.22 on Xetra on September 24, 2026, while the company entered the autumn with H1 operating profit up 33.9 percent year over year to EUR 1.35 billion. The contrast is sharp: profitability improved even as deliveries declined.

Profit rises as deliveries fall

According to the Yahoo Finance transcript for Q2 FY2026, Porsche generated EUR 17.23 billion in first-half revenue, down 5.1 percent from EUR 18.16 billion a year earlier. Operating margin nevertheless increased to 7.8 percent from 5.5 percent, a gain of 2.3 percentage points.

Vehicle deliveries provide the counterweight. Porsche delivered 122,306 cars in H1 2026, compared with 146,391 in H1 2025, a decline of 16.5 percent, while revenue per vehicle increased to EUR 126,000.

Analysts raise the valuation bar

The earnings mix helps explain why analyst views have not moved in one direction. Deutsche Bank Research raised its price target from EUR 45 to EUR 55 and retained its Buy rating, according to MarketScreener on September 17, 2026.

That target is EUR 10 above the previous estimate, but the company still faces a difficult volume backdrop. A September 23 report by Seoul Economic Daily said Volkswagen cut its 2026 operating margin forecast to a maximum of 1 percent, highlighting the wider group pressure surrounding Porsche.

Stock remains below its yearly high

Porsche AG stock stood at EUR 44.22 on Xetra on September 24, 2026, up 0.14 percent on the session. Its 52-week range was EUR 35.62 to EUR 50.66, leaving the price 12.7 percent below the yearly high, while market capitalization stood at EUR 40.28 billion.