Hyundai Autoever ( 307950) Q2 2026 earnings summary

Executive summary

• Revenue in 2Q26 reached KRW 1,251B, up 33.7% sequentially and 20.0% year-over-year, with 1H26 revenue at KRW 2,186B, a 16.6% increase year-over-year.

• Net profit for 2Q26 was KRW 70B, up 267% sequentially and 16.5% year-over-year; 1H26 net profit totaled KRW 88B, up 10.7% year-over-year.

• Operates in IT services (system integration, outsourcing) and automotive software, with a global presence and 11 consolidated subsidiaries.

• Maintains strong relationships with Hyundai Motor Group affiliates, which account for a significant portion of sales.

• Overseas subsidiaries delivered strong growth, driven by expanded global IT investments and new OEM navigation software supply.

Financial highlights

• H1 2026 consolidated revenue: KRW 2,186.4 billion, up from KRW 1,875.1 billion in H1 2025.

• Operating profit for 2Q26 was KRW 91B, a 328% sequential increase and 11.3% year-over-year growth; 1H26 operating profit was KRW 112B, up 3.4% year-over-year.

• Net income attributable to owners: KRW 86.1 billion (H1 2026) vs. KRW 77.8 billion (H1 2025).

• Basic EPS: KRW 3,139 (H1 2026) vs. KRW 2,837 (H1 2025).

• Gross profit in 2Q26 was KRW 137B, up 87.3% sequentially and 11.8% year-over-year; 1H26 gross profit reached KRW 210B, up 9.2% year-over-year.

Outlook and guidance

• Enterprise IT segment expects continued revenue growth and profitability improvement, supported by digital transformation initiatives.

• Automotive SW segment anticipates revenue and margin recovery through operational efficiency and business streamlining, despite macro headwinds.

• Dividend policy targets payout ratio of 25–35% through 2027, with recent years at 28.6%.

• No new equity or debt issuance planned; focus on stable shareholder returns and investment in core business.