VinFast Auto Ltd. (NASDAQ:VFS) on Monday reported a wider-than-expected second-quarter loss, despite revenue growth that exceeded Wall Street estimates.
VinFast reported a loss of 53 cents per share, wider than analysts’ estimate of a 33-cent loss. Revenue surged 85.5% year over year to $1.204 billion, beating the consensus estimate of $1.149 billion.
The company expects vehicle production costs to decline another 10% to 15% during 2026 and 2027 as its next-generation platforms scale. VinFast also maintained its annual target of 300,000 electric four-wheelers, with Vietnam expected to account for more than 75% of deliveries.
Mr. Pham Nhat Quan Anh, CEO and Chairman of VinFast, said, “VinFast entered the second half of 2026 with strong momentum across our core markets and continued progress in expanding our global platform. During the quarter, we reached several important milestones, including continued growth across both electric four-wheelers and two-wheelers. We are also broadening the financial and ecosystem foundation supporting our long-term strategy. Looking ahead, our priorities remain focused on scaling up our activities in key international.”
VinFast Auto shares gained 0.7% to trade at $2.92 on Tuesday.
These analysts made changes to their price targets on VinFast Auto following earnings announcement.
- Cantor Fitzgerald analyst Andres Sheppard maintained the stock with an Overweight rating and lowered the price target from $5 to $4.
- Chardan Capital analyst James McIlree maintained the stock with a Buy and cut the price target from $5.5 to $5.
Considering buying VFS stock? Here’s what analysts think:
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