Schaeffler Q3 2026 slides: EUR 240mn cleanup, humanoid growth

Schaeffler stock fell 3.7% to €5.73 after reporting €240M in special charges in its E-Mobility division. Nine-month revenue declined to €17.5B, while Q3 EBIT margin slipped 0.3% YoY. Despite improved free cash flow and confirmed guidance, shares hit a 52-week low due to EV transition concerns.

Schaeffler AG reported 9M 2026 revenue of €17.5B, slightly below €17.7B, with an EBIT margin of 4.5%. Q3 EBIT margin was 4.2%, and free cash flow before M&A was €260M. E-Mobility incurred ~€240M one-off charges, primarily in Q3. The company confirmed its 2026 guidance.

Schaeffler AG (SHA0) announced it will complete job cuts by 2028, with 2029 savings exceeding €290M by more than 20%. The company will write back €84M in surplus restructuring provisions, and 1,768 new partial retirement agreements will add a €55M earnings effect in 2029, according to the company.

Schaeffler AG reported first-half 2026 results. Revenue was 11,667 million euros, flat vs 11,845 million euros prior year. EBIT before special items rose to 549 million euros (482 million). EBIT margin before special items was 4.7% (4.1%). Free cash flow before M&A was -300 million euros. Full-year guidance was confirmed: revenue 22.5-24.5 billion euros and EBIT margin 3.5-5.5%.

JPMorgan Chase, Citigroup, Wells Fargo, and Goldman Sachs reported higher profits in Q3, but warned of economic risks. JPMorgan missed earnings expectations, posting a $15.3B profit. Goldman Sachs saw a 72% revenue jump in equities but a 24% drop in fixed income. Citigroup and Wells Fargo beat estimates, with Citigroup up 40% and Wells Fargo at $5.95B.

Citigroup (NYSE:C) reported Q3 2026 revenue of $23.85 billion, up 7.8% YoY, meeting estimates. GAAP EPS of $2.85 beat expectations by 7.4%. Efficiency ratio was 58.5%, better than expected. Tangible book value per share grew 6.1% YoY to $101.59. The stock traded down 1.4% post-earnings.