Hyundai Motor Q1 Profit Misses Estimates, Announces Share Buyback

By EC Assets · Published 23 April 2026 · Updated 28 May 2026

Hyundai first-quarter earnings that fell short of market expectations. The South Korean automaker cited tariffs and disruptions in the Middle East as contributing factors. Despite the earnings miss, Hyundai announced a share buyback plan. Hyundai Motor's operating profit for the first quarter was 3.56 trillion Korean won, or $2.58 billion. This figure was below analyst estimates of 3.87 trillion won. Revenue for the period reached 40.66 trillion won. This also missed the market forecast of 41.31 trillion won. The company's net profit also disappointed, coming in at 3.32 trillion won. Analysts had predicted a net profit of 3.49 trillion won. Hyundai Motor attributed the weaker results to increased tariffs and geopolitical issues impacting the Middle East. Hyundai Motor Co. announced a share repurchase program valued at 324 billion won, approximately $230 million. This move aims to enhance shareholder value. The company plans to cancel 1% of its outstanding shares via this buyback. This article is intended for informational purposes only. It does not constitute investment advice.