Hyundai Motor Co (HYMLF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, I am Michael Yoon, head of IR Group. Welcome everyone to HMC's Q1 2026 Business Results Conference Call. Please refer to the presentation HMC 2026 Q1 Business Results on our IR website. This presentation includes quarterly highlights, sales performance, and profit analysis. And for quarterly summarized cash flow statement and detailed regional sales breakdowns, please refer to the appendix. First, Q1 highlights. Despite the global demand slowdown due to the geopolitical risks, our global market share rose by 0.3 percentage point this quarter. Our market share in the US market rose by 0.4 percentage point, maintaining MS of 6% range for four consecutive quarters. In response to strong hybrid demand, the global hybrid sales reached 174,000 units. And the share of global hybrid sales recorded 17.8%. Also in the US market, the share of hybrid sales recorded 24.8%, continuing the momentum. Finally, despite unfavorable business conditions with demand slowdown, market share increase in major markets and robust hybrid sales led to the highest first quarter revenue on record. Next, the sales performance. In the first quarter of 2026, while global demand declined by 7.2%, global wholesale sales recorded 976,000 units, a decrease of 2.5%, Retail sales recorded 949,000 units, reflecting a 0.7% decrease. Next, I'll go over details about our wholesale by key markets. In the U.S. market, sales increased by 0.3% year-over-year, totaling 244K units, despite industry demand declining 5.5%. Sales of eco-friendly vehicles rose 22.7%. 0.7% year-over-year, reaching 69K units, thanks to strong eco-friendly vehicle sales. Hybrid sales accounted for a record high 24.8% of total sales. SUV sales also recorded share of 75.2% in the U.S. market, driven by strong sales performance of SUV ...