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Daimler Truck reported an 18% year-on-year decline in second-quarter profit on Friday, as weaker market conditions and U.S. trade tariffs weighed on the German commercial vehicle manufacturer. Despite the earnings pressure, stronger sales and a rebound in North American demand prompted the company to raise its 2026 guidance.
Adjusted earnings before interest and tax (EBIT) fell 18% from a year earlier to €838 million in the second quarter. The decline came even as Daimler Truck’s Q2 revenue increased 6%, while incoming orders jumped 27%, supported by recovering demand in North America.
The company said U.S. tariffs were a major drag on margins, offsetting stronger sales in its important North American truck business. However, Daimler Truck expects the tariff impact to decrease significantly in the coming quarters following a regulatory breakthrough, improving the outlook for profitability.
Reflecting these expectations, Daimler Truck raised its full-year 2026 adjusted EBIT forecast to between €3.6 billion and €4.1 billion. The company had previously projected adjusted EBIT of €3.2 billion to €3.7 billion.
Daimler Truck also increased its 2026 unit sales forecast. The truck maker now expects to sell between 340,000 and 370,000 vehicles, compared with its previous estimate of 330,000 to 360,000 units.
The outlook for Daimler Truck’s North American operations also improved significantly. The company now expects the segment to deliver an adjusted return on sales of 9% to 11%, up from its earlier forecast of 6% to 8%.
Meanwhile, Daimler Truck plans to begin the second tranche of its share buyback program by mid-September. The program, which is scheduled to run through the end of June 2027, will involve share repurchases worth up to €1.1 billion.
The combination of stronger North American demand, higher order intake and an easing tariff burden has strengthened Daimler Truck’s expectations for the remainder of 2026, despite the decline in second-quarter earnings.
