AB Volvo’s North American Truck Deliveries Rise 42% in Q3

AB Volvo’s North American truck deliveries rose 42% to 13,683 in the third quarter, while the Swedish manufacturer also recorded gains in worldwide truck deliveries and net sales. AB Volvo, which reports under the Volvo Group name, posted net sales of SEK 119.525 billion, up 8% from a year earlier.

Truck deliveries across all markets increased 11% to 49,611 from 44,631 a year earlier. Net order intake rose 26% to 46,918 trucks, compared with 37,134. North American deliveries increased from 9,622 in the third quarter of 2025. European deliveries gained 4% to 23,158, while deliveries in Asia fell 9% to 3,388.

Organic sales grew 7%. Adjusted operating income climbed to SEK 14.693 billion from SEK 11.707 billion, and the adjusted operating margin expanded to 12.3% from 10.6%. The income increase was faster than the rise in sales, while the margin comparison also showed a gain from the year-earlier quarter.

The adjusted calculation left out SEK 339 million in costs from the 2026 quarter and a SEK 811 million positive item included in the year-earlier comparison. Reported operating income was SEK 14.354 billion, up from SEK 12.517 billion in the third quarter of 2025.

Currency movements contributed SEK 970 million to operating income compared with the same quarter a year earlier. Earnings per share were SEK 5.29, versus SEK 3.71. Industrial Operations generated SEK 7.195 billion in operating cash flow, compared with an outflow of SEK 1.739 billion in the year-earlier quarter.

“The positive development in the Volvo Group's performance continued in Q3,” President and CEO Martin Lundstedt said.

AB Volvo released the results Oct. 23 at 1:20 a.m. ET (05:20 UTC). Volvo Group is separate from Volvo Cars, which also released quarterly results that day.