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Investing.com -- Porsche stock gained 1.5% following the company’s reaffirmation of its free cash flow guidance for the second half of 2025, despite recent delivery challenges.
The luxury automaker hosted an analyst call on Friday ahead of its third quarter results, having already released its delivery figures for the first nine months of 2025. Porsche reported 66,000 units delivered in the third quarter, maintaining a similar mix to the second quarter.
Based on the first nine months of 2025, Porsche’s current delivery pace suggests a full-year run-rate of approximately 283,000 retail units and 268,000 wholesale units. This represents a decline from the 311,000 units delivered in 2024, aligning more closely with analyst forecasts of around 265,000 units for 2026 and 2027.
During the call, Porsche executives emphasized that the company’s second-half free cash flow guidance remains unchanged, with approximately €1 billion expected. Management indicated this target would be achieved regardless of whether U.S. tariff reimbursements are recognized in fiscal 2025 or 2026.
The company also expressed confidence in its price-mix-individualization strategy for 2026, noting strong representation in its current order book.
Porsche views its upcoming all-electric Cayenne as complementary to existing internal combustion engine and plug-in hybrid variants, while the 718 model line is expected to substantially phase out in 2026 from approximately 20,000 units in 2025.
The automaker also noted that its foreign exchange hedging fully covers 2025 and extends into 2026.
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