BMW (BMWYY) Lowers 2026 Profit Outlook, Shares Drop

BMW (BMWYY) on June 17, 2026, revised its 2026 profit outlook downward, citing increased costs and heightened competition in the electric vehicle (EV) market. The announcement sent BMW shares down sharply, contributing to a modest decline in the broader DAX 40 index. The German automaker now forecasts a pretax profit margin for its automotive segment between 8% and 10%, a reduction from its previous range of 8% to 12%. This adjustment reflects higher material and manufacturing expenses, alongside intense price competition, particularly for EVs in the Chinese market. BMW shares (BMW.XE) fell 5.6% to EUR 89.26 following the news. The DAX 40 index traded down 0.4% at 18,045.00 points, with other components like SAP (SAP.XE) rising 1.5% and Siemens (SIE.XE) up 1.3%.