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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's losses are slimming but its sales remain stagnant. Competition in electric cars remains fierce.
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.
EV maker Polestar on Thursday cut its full-year delivery forecast, hurt by Washington's crackdown on Chinese-linked vehicles that forced it out of the United States.
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.
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GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) expects to publish the second quarter select and half-year 2026 unaudited financial results on 3 September 2026, before market open. Management will host a conference call at 14:00 Central European Time (08:00 US Eastern Time) the same day, accessible via the Polestar Investor Relations website. To register and join the call, please use this link https://edge.media-server.com/mmc/p/czg84qrx/ or follow the instructions available under.
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.
