Jaguar Land Rover’s Q4 revenue fell 11% year-over-year to £6.9 billion ($9.2 billion), the company announced in its May 14 earnings report. The automaker cited the wind-down of Jaguar models ahead of its all-electric future and fierce competition in China for the decline.
Although revenue in Q4 was up by 51.4% quarter‑on‑quarter, the company’s total revenue for FY2026 was £22.9 billion, down 20.9% YoY, according to the automaker’s own statement. For the full year, profit before tax and exceptional items was £14 million versus £2.5 billion for FY2025, a decline of 99.4%.
Its much-publicized cyberattack last fall contributed to the decline. In addition to the mentioned challenges, profitability was also impacted by ongoing incremental U.S. tariffs and increased variable marketing, said the company.
In response, JLR’s parent group, Tata Motors Passenger Vehicles, promises the British automaker will “reduce breakeven volumes towards 300K in two years by focusing on £1.7 billion of savings,” the company said in a May 14 release.
Looking ahead, JLR said it remains resilient and well placed to address the geopolitical, inflationary and regulatory challenges facing the whole automotive industry.
It expects to hold to its promise of a £18 billion investment over the five‑year period from FY24.
The first all‑electric Jaguar, the Type 01, has also sparked interest ahead of its unveiling later this year, following extensive testing on frozen lakes in the Arctic Circle and tracks in the U.K., JLR said.
“JLR faced a challenging year with revenue and profit impacted by multiple headwinds, including a pause in production following the cyber incident,” said chief executive P.B. Balaji. “As we look ahead into FY27, we are focused on driving growth through our well differentiated House of Brands and reducing our break‑even volumes whilst we launch a slew of exciting products starting with the new Range Rover Electric, the unveiling of the first of our EMA (Electrified Modular Architecture) products and the eagerly awaited new Jaguar,” he added.
