NYSE$TM

Toyota Motor Corporation-ADR · Q2 2026 earnings

Q2 2026 earnings · · Before market open · Investor relations

Briefing

Toyota Q2 FY2026: ¥12.38T revenue, ¥932B net income, EPS ¥71.51

Toyota Motor Corporation reported second-quarter FY2026 results (three months ended September 30, 2025) derived from its first-half filing less Q1: consolidated sales revenues of approximately ¥12.38 trillion, operating income of ¥839.6 billion, and net income attributable to Toyota Motor Corporation of ¥932.1 billion. First-half revenues reached ¥24.63 trillion with operating income of ¥2.01 trillion and net income of ¥1.77 trillion (EPS ¥136.07 for the six months). Management cited U.S. tariff headwinds and revised full-year FY2026 operating income guidance down to ¥3.2 trillion from ¥3.8 trillion, while consolidated vehicle sales in Q1 rose 7.1% to 2.41 million units with electrified mix at 47.6%.

  • Q2 FY2026 revenue ~¥12.38T; operating income ~¥839.6B; net income ~¥932.1B
  • H1 FY2026 revenue ¥24.63T; operating income ¥2.01T; net income ¥1.77T
  • H1 EPS ¥136.07; Q2 EPS ~¥71.51 (H1 less Q1 ¥64.56)
  • FY2026 operating income forecast cut to ¥3.2T from ¥3.8T on U.S. tariff impact (~¥1.4T)
  • Automotive H1 external revenue ¥22.0T; financial services ¥2.31T

Headline financials

Total Revenue

¥12.4T

No prior period
EPS (adj)

¥71.51

No prior period
Capital Expenditures

-¥8.73B

No prior period
Net Income

¥932B

No prior period
Operating Income

¥840B

No prior period
R&D Expense

¥2.4B

No prior period

Revenue & EPS history

Toyota · Revenue · Quarterly

¥12.4T

Q2 2026
Beat estimate in 11 of 14 quarters(79%)
ActualEstimate

Revenue by segment

Toyota · ¥24.3T total across 2 segments · Q2 2026

  • Automotive
    ¥22T
  • Financial services
    ¥2.31T

Forward guidance

Toyota revised FY2026 (Apr 2025–Mar 2026) operating income forecast to ¥3.2 trillion from ¥3.8 trillion, reflecting an estimated ¥1.4 trillion U.S. tariff impact, while keeping the ¥95 dividend per share unchanged.

Tailwinds

  • Volume and model mix improvements and cost reduction efforts partially offset tariff pressure
  • Electrified vehicle mix reached 47.6% of retail sales in Q1 FY2026

Headwinds

  • U.S. tariff impact estimated at ¥1.4 trillion for full FY2026
  • Operating margin pressure from tariffs and inflation across regions

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2026

Historical avgQ2 2026

+0.2%

Avg return

Earnings day

-0.1%

Avg return

5 days after

-0.1%

Avg return

30 days after

48%

31 / 65 earnings

Positive

+6.5%

Q2 2024

Best reaction

-4.8%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2027-3.1%
Q3 2026-1.1%-0.3%-6.5%
Q2 2026-2.3%+0.0%-3.6%
Q3 2025+4.2%-1.3%+1.4%
Q4 2024-1.7%-6.8%-10.8%
Q2 2024+6.5%+8.3%+10.0%
Q1 2024+3.3%+1.5%+2.3%
Q4 2023+1.3%+1.1%+5.5%
Q3 2023-0.3%-0.8%-4.1%
Q2 2023-2.5%-1.1%+6.4%
Q1 2023-3.6%-6.2%-10.8%
Q4 2022-4.8%-4.3%-3.1%
Q3 2022-3.0%-5.7%-21.0%
Q2 2022-1.0%-2.6%+0.8%
Q1 2022-1.7%-2.9%-3.6%
Q4 2021+2.0%+4.2%+19.2%
Q3 2021+3.2%+4.2%-2.3%
Q2 2021+1.9%+3.9%+0.9%
Q1 2021+4.1%+7.2%+6.7%
Q4 2020-4.7%-5.4%+0.7%
Q3 2020+0.4%+0.3%-10.3%
Q2 2020+2.9%+3.0%+1.7%
Q1 2020-1.6%+0.4%+5.1%
Q4 2019-2.6%-3.5%-0.1%
Q3 2019-4.3%-5.1%-4.7%
Q2 2019+3.4%+1.6%+5.6%
Q1 2019-2.0%-3.0%-5.3%
Q4 2018+5.7%+5.5%+4.1%
Q3 2018+3.8%+3.5%-1.8%
Q2 2018+1.9%-0.9%-1.8%
Q1 2018+1.2%+0.3%+0.3%
Q4 2017-1.5%-1.9%-2.5%
Q3 2017-1.8%-1.9%-2.9%
Q2 2017-0.6%-0.5%+9.2%
Q1 2017+5.4%+6.7%+10.9%
Q4 2016-3.3%
Q3 2016-4.5%
Q3 2015-1.4%
Q2 2016-0.5%
Q2 2015+3.6%
Q1 2016-3.7%
Q1 2015+0.9%
Q4 2015-1.6%
Q3 2014-0.2%
Q2 2014-0.7%
Q1 2014+2.9%
Q4 2014+0.2%
Q3 2013-0.6%
Q2 2013-2.3%
Q1 2013+2.0%
Q4 2013+1.8%
Q3 2012+4.3%
Q2 2012-1.8%
Q1 2012-0.4%
Q4 2012-0.7%
Q3 2011+2.5%
Q2 2011-4.6%
Q4 2008+1.5%
Q4 2011+1.5%
Q1 2011+2.4%
Q3 2010+1.4%
Q2 2010-1.6%
Q4 2009+3.1%
Q4 2010+3.1%
Q1 2010+0.3%

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