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Investing.com -- BMW posted stronger third-quarter earnings as lower costs helped lift profitability, while the company reaffirmed its full-year guidance and pointed to solid demand for its upcoming iX3 model as a key growth driver for next year.
The German automaker said on Wednesday that net profit rose to 1.70 billion euros ($1.95 billion) in the three months to September, up from 476 million euros a year earlier. Revenue slipped slightly to 32.31 billion euros, below the 33.84 billion euros expected by analysts.
Earnings before interest and taxes (EBIT) climbed to 2.26 billion euros, in line with forecasts, with the group’s EBIT margin widening to 7.2% from 2.6%.
In the core automotive division, the operating margin climbed to 5.2% from 2.3% a year earlier, beating analyst expectations of 4.9%.
"In the third quarter, we once again proved that our business model is robust and resilient," BMW CEO Oliver Zipse said.
BMW said it remains on course to achieve its full-year goals, including modest growth in deliveries, though it flagged softer demand in China in the final quarter. The company recently revised its 2025 outlook downward amid slowing sales in China and the impact of President Donald Trump’s auto tariffs.
Looking ahead, BMW expects renewed momentum in 2026 as production of the new iX3, the first vehicle built on its Neue Klasse platform, ramps up. The company said orders for the model in Europe have already exceeded its projections.
Jefferies analyst Philippe Houchois said BMW’s report was "altogether reassuring, with call likely to focus on further impact from U.S. tariffs post recent policy adjustments and implied Q4 margin weakness vs initial guidance."