HD Hyundai Electric Reports Q4 Earnings Up, Shares Drop on Costs

HD Hyundai Electric (HDXE) reports Q4 earnings up 8% to KRW 155.3 billion (USD 137.2 million), driven by higher vehicle sales and strategic investments. However, the company issued a profit warning, forecasting FY2026 net income of KRW 1.4 trillion (USD 1.24 billion) versus KRW 1.53 trillion (USD 1.35 billion) in the prior year, down 8.8%. Share price closed 3.2% lower on February 6, 2026, reflecting cost pressures and margin contraction despite revenue growth of 12% year-over-year.