Dive Brief:

• Stellantis reported net revenue of 37.2 billion euros ($42.9 billion) in Q3, a year over year increase of 13%, in its earnings release on Thursday. Revenue was boosted by a jump in sales in key markets including the U.S.
• Consolidated vehicle shipments for the three months ending Sept. 30 were up 13% YoY, reaching 1.3 million vehicles. The U.S. saw the biggest increase in deliveries for Stellantis compared to other its global markets, with YoY consolidated shipments jumping by 35% in Q3, an increase of 104,000 units.  
• “Today, in quarter three, we celebrate a return to top line growth, both in shipments annual revenue after seven [consecutive] quarters of shipment and revenue declines,” Stellantis CEO Antonio Filosa said during the company's earnings call Thursday.

Dive Insight:

Stellantis’ U.S. vehicle sales rose 6% YoY in Q3 reaching 324,825 units, with sales of the Jeep Wrangler, Gladiator and Wagoneer showing solid gains. The automaker said its sales momentum was also boosted by initial deliveries of the new HEMI V8 powered Ram 1500 pickup.

The automaker’s sales rebound in Q3 resulted in a YoY net revenue increase of 29% in the North America, to 1.6 billion euros ($1.8 billion). 

The automaker’s second largest sales growth in Q3 was in the Middle East and Africa region, with YoY sales up 21%. Stellantis cited “positive market” developments in Turkey and Egypt for the increase.

Globally, Stellantis’ consolidated shipments in Q3 grew by 152,000 vehicles YoY. 

Stellantis also continues to grow its commercial business. The segment accounted for 30% of the automaker's revenues in Q3, Filosa said on its earning call.

“The third quarter revenue, shipment, performances, give an early conclusion that our actions are beginning to have a positive impact,” Filosa said.

The automaker is banking on the new Jeep Cherokee to further boost its U.S. market share because the mid-sized SUV segment accounts for 20% of the market, the company’s CEO said on its earnings call.

The new Jeep Cherokee will be offered with a new hybrid powertrain and is expected to reach dealer lots in late Q4 or early 2026, with full impact in Q1 2026, according to Stellantis.

Earlier this month, Stellantis announced a strategic $13 billion U.S. investment over four years, which is aimed at driving future growth and expanding its U.S. manufacturing footprint. With the investments, Stellantis aims to boost domestic vehicle production by 50% and add over 5,000 new jobs.

“Since I took the CEO role, I made clear inside and outside the company that the U.S. is a key priority for our success, because when we are strong in the U.S. we are stronger and better as a company,” Filosa said on the company’s earnings call Thursday.

Stellantis did not report Q3 net profits, because the company shares its detailed financial performance for the first and second half of the year. But in June, Stellantis reported a net loss of 2.2 billion euros for the first half of 2025, with its margins falling from 10% in H1 2024 to 0.7% in the first six months of this year. 

The automaker also cited the costs of higher incentives to move older inventory and warranty costs for the big losses in H1, as well as an “unfavorable impact” from production gaps due to discontinued models. 

Stellantis’ full year guidance remains unchanged. Although the automaker expects that full-year net revenues will increase YoY, tariffs are expected to result in a 1 billion euro loss. Combined with other regulatory, geopolitical, macro-economic and external developments, Stellantis expects its full-year operating income margin will be in the “low single digits,” according to the release.