Earnings ·
Polestar Automotive Holding UK PLC reported preliminary unaudited financial results for the six months ended June 30…
PLSADPolestar Automotive Holding UK PLC
Polestar Automotive Holding UK PLC reported preliminary unaudited financial results for the six months ended June 30, 2026. Revenue decreased 4.4% to $1.36 billion from $1.42 billion in the prior year period, while retail sales volumes increased slightly by 0.4% to 30,423 units. The company posted a net loss of $842.4 million, narrowing significantly from $1.19 billion in H1 2025, driven by a reversal of impairment expenses and improved gross margins despite lower vehicle sales revenue. Polestar raised $700 million through equity issuances in February and March 2026 to support liquidity. The company also disclosed that the U.S. Department of Commerce denied authorization for new vehicle sales from model year 2027 onwards, triggering a restructuring of its U.S. operations that added approximately $130 million in negative adjustments to operating loss. Polestar is an electric vehicle manufacturer.