BMW Further Cuts 2026 Automotive EBIT Margin and RoCE Guidance
BMW reduced its 2026 Automotive EBIT margin guidance to -0.5% to +0.5% from 1% to 3%, and its Automotive RoCE guidance to -1% to +1% from 1% to 5%. BMW also revised its automotive delivery outlook to a moderate year-over-year decrease while retaining automotive free cash flow guidance above €2.5 billion.
This is a valid forward-looking business-performance development: BMW explicitly reduced its 2026 Automotive EBIT margin guidance from 1%–3% to -0.5%–+0.5% and its Automotive RoCE guidance from 1%–5% to -1%–+1%. The company also revised its automotive delivery outlook to a moderate year-over-year decrease, while retaining free cash flow guidance above €2.5 billion. The revision has material implications for expected profitability, returns and vehicle volumes; the exact announcement time is not stated, so the occurrence timestamp uses the stated date at 00:00 UTC rather than the source publication time.
BMW cut its 2026 Automotive EBIT margin outlook to -0.5% to +0.5% from 1% to 3%, and RoCE to -1% to +1% from 1% to 5%.
Automotive deliveries: moderate decrease YoY
Automotive free cash flow remains above €2.5B