Honda misses quarterly forecasts but raises full year outlook

Honda's July to September operating profit fell 39 percent to 118 billion yen, well below a 250 billion yen analyst consensus, even as the carmaker raised its full year operating profit forecast by 20 percent to 780 billion yen.

Why it matters: The miss and the raise run on the same split: Honda's electric vehicle retreat has now cost more than 12 billion dollars in restructuring charges, while hybrid demand in the United States and a weak yen carry the current year.

Data as of Honda's first half results release of November 10, 2026, read via the estate browser route: the 780 billion yen full year operating profit forecast and the first half figures are Honda's own. The quarterly profit, the analyst consensus and the restructuring charge detail are Reuters reporting of November 10, 2026, read in full via the estate browser route. Developing item.

Honda’s operating profit for the July to September quarter fell 39 percent from a year earlier to 118 billion yen, well below the 250 billion yen median forecast in an LSEG poll of nine analysts, Reuters reported. The quarter carried 484.8 billion yen of electric vehicle restructuring charges, part of a 520 billion yen (3.29 billion dollars) total Honda still expects for this financial year, after more than 9 billion dollars of charges last year pushed it into its first annual loss in nearly 70 years. Chief Financial Officer Masao Kawaguchi said Honda wants to settle the restructuring costs as much as possible within this financial year.

The raise rests on hybrids. US hybrid sales rose 9 percent in the quarter and accounted for half of global retail sales of 823,000 vehicles, and on Monday Honda announced a 3 billion dollar plant in Ohio to build 240,000 hybrids a year from 2029. Honda cut its full year global sales forecast by 7 percent to 3.16 million vehicles, mainly on falling sales in China. Its own first half release puts revenue at 12.04 trillion yen, up 13.2 percent, and operating profit at 648.7 billion yen, up 48.1 percent.

Honda misses quarterly forecasts but raises full year outlook

Sources