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BMWKY: OTCM (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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BMW Earnings: Cost Actions Extend Beyond China; Shares Undervalued

Rella Suskin , Andrea Burigana

Jul 30, 2026

BMW reported second-quarter automotive EBIT margin of 2.3%, within its recently lowered 1%-3% guidance, although 310 basis points below last year. China remained the principal drag on earnings, outweighing resilient demand in Europe and North America as well as continued cost-efficiency gains.

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Bayerische Motoren Werke AG ADR - Unsponsored

BMW Earnings: Cost Actions Extend Beyond China; Shares Undervalued

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