Porsche Reports 1.74 Billion Euro Profit Recovery

Porsche reported an operating profit of 1.74 billion euros for the first nine months of 2026, a significant recovery from the 40 million euros earned during the same period last year. The previous year's results were heavily suppressed by 2.7 billion euros in costs stemming from a halted electrification strategy.

This financial rebound serves as an initial test for CEO Michael Leiters, who took office at the start of the year. Leiters is executing a turnaround plan that emphasizes downsizing, a strategic retreat from the Chinese market, and an increase in the production of exclusive, high-margin customized models. As a result of these shifts, the operating return on sales climbed to 6.9%, rising from a record low of 1.1% in 2025.

The recovery occurs while parent company Volkswagen Group and subsidiary Audi undergo broader restructuring efforts triggered by declining sales in China.