Hyundai Motor Co (HYMLF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, this is Michael Yoon, head of our group. Welcome, everyone, to Hyundai Motor Company's 2026 Q2 Business Results Conference Call. On behalf of Hyundai Motor Company, I appreciate your time for participating in today's call. Please refer to the presentation, HMC 2026 Q2 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 original sales breakdowns, please refer to the appendix. First is Q2 highlights. Despite stagnant industry demand in the U.S., one of our key markets, our market share in the U.S. rose by 0.2 percentage point year-over-year to 6.3%, maintaining market share in the 6% range for the five consecutive quarters. In response to strong hybrid demand, the global hybrid sales reached a record quarterly high of 188,000 units, and the share of global hybrid sales recorded an all-time high of 18.9%. In the U.S. market, the share of hybrid sales recorded 26.2%, continuing its growth momentum. Finally, despite unfavorable conditions with demand slowdown, market share growth in major markets and robust hybrid sales led to the highest second quarter revenue on record. Next is the sales performance. In the second quarter of 2026, global wholesale sales totaled 992,000 units, down 6.9% year-over-year, primarily due to a decline in global industry demand and parts supply issues. Retail sales totaled 999,000 units, representing a 4.2% decrease from the previous year. Next, I will go over details about our wholesales by key markets. In the U.S. market, sales increased 0.9% year-over-year, totaling 265,000 units, while industry demand remained largely flat with a 0.5% increase from the previous year. Demand for electrified vehicles af...