Stellantis is signaling confidence in its path back to profitability after the automaker swung to a first-quarter profit. The company behind Jeep, Citroën and Peugeot reported net earnings of 377 million euros ($440.2 million) for the three months through March, reversing a 387 million euro loss in the same period last year.

Revenue climbed 6% in the quarter, providing a lift to the automaker as it works to recover from a steep net loss in 2025. Stellantis reaffirmed its full-year guidance, maintaining its outlook despite ongoing challenges in the global auto market.

Earlier this year, the company said it aimed to return to profit in 2026 after absorbing the 2025 loss. The first-quarter turnaround suggests the automaker is making progress toward that goal, though the full-year picture remains dependent on demand across its key markets in North America and Europe.