EL7.AI
StocksMedium•30 October 2026•
2 min read

Hyundai Mobis Posts Third-Quarter Net Profit of 598.416 Billion Won, Down 35.69%

Key Facts

1Hyundai Mobis posted third-quarter net profit of 598.416 billion won, down 35.69% year over year.
2Third-quarter revenue was 15.723316 trillion won, up 4.60% year over year.
3Third-quarter operating profit rose 17.15% to 914.127 billion won.
4First-nine-month net profit fell 12.25% to 2.541698 trillion won.

Hyundai Mobis announced preliminary consolidated results for the third quarter of 2026, posting net profit for the period of 598.416 billion won, down 35.69% year over year. Revenue, by contrast, rose to 15.723316 trillion won, up 4.60% from the same period a year earlier. Operating profit increased to 914.127 billion won, marking annual growth of 17.15%. The figures put the decline in net profit alongside improvements in revenue and operating profit during the quarter. The company said the results were "preliminary consolidated figures prepared in accordance with Korean International Financial Reporting Standards."

Quarterly revenue came in below the analyst consensus of 15.93 trillion won, according to third-quarter forecast data published before the results announcement. Actual revenue was 15.723316 trillion won, while the company reported revenue of 16.33 trillion won in the second quarter of 2026. In that quarter, revenue was below analysts' forecasts by a reported 3.18%. Second-quarter earnings per share were also 12,018.75 won, 5.48% below expectations. These comparisons provide context for the quarterly results but do not, on their own, determine the reasons for the third-quarter decline in net profit.

For the first nine months of 2026, cumulative revenue was 47.608525 trillion won, up 4.13% year over year. Operating profit for the period reached 2.691933 trillion won, up 10.92% from the first nine months of the previous year. Cumulative net profit, by contrast, fell 12.25% to 2.541698 trillion won. Thus, the January-to-September period combined growth in revenue and operating profit with a decline in net profit. The results show that the divergence between operating metrics and net profit was not limited to the third quarter.

Hyundai Mobis described the figures as preliminary and consolidated, and prepared in accordance with Korean International Financial Reporting Standards, meaning some details could change after review by external auditors. The reported results therefore remain subject to revision before the review is complete, the company cautioned. The third-quarter results conference was scheduled for October 30, 2026, at 10:10 a.m. The published information said the conference would be streamed live on the company's website. The conference is set to present the preliminary results at the scheduled announcement time, while the final figures remain subject to external review.