Hyundai Mobis' Q1 sales rise 5.5% YOY to $10.3 billion

The South Korean supplier concluded the first quarter of 2026 with 14.4% year-over-year decline in net profit

Hyundai Mobis reported a 5.5% year-over-year increase in sales to 15.6 trillion won (approximately $10.3 billion) in the first quarter ended March 31, 2026. The company reported higher sales despite a decline in vehicle production volume at its biggest customer Hyundai and Kia. Operating profit improved 3.3% year over year to 803 billion won, resulting in operating margin 5.2% compared to 5.3% in the first quarter of 2025. Hyundai Mobis concluded the first quarter with a 14.4% year-over-year decline in net profit to 883 billion won.