Honda Motor (HMC) reported EPS of 0.32 USD against an analyst estimate of 0.954 USD, a difference of -$0.63, or -66.5%, according to FMP's earnings line dated Nov. 11, 2026. Revenue for that report was not available in our data. In its latest filed quarter, the one ended June 30, 2026, Honda's revenue and net income were both well above a year earlier, which is why the miss and the recovery need to be read together. Figures are current as of Nov. 10, 2026.
Key facts
- Nov. 11, 2026 report date (FMP): EPS of 0.32 USD versus an estimate of 0.954 USD. Revenue and the revenue estimate are n/a.
- Quarter ended June 30, 2026 (filed Aug. 5, 2026): revenue of JPY 6.06T, up 13.5% from the year-ago quarter. Net income was JPY 450.92B, up 129.3%.
- Share price: 35.84 USD on the latest quote (Nov. 9, 2026), up 0.17%. The 52-week range is 23.25-36.88 USD.
- Analyst view: 18 ratings with a consensus of "Hold". The consensus price target is 34.00 USD.
- Stock Expert AI MoonshotScore V2: 52.1, rated Fair.
| Metric | Quarter ended June 30, 2026 | Year-ago quarter ended June 30, 2025 |
|---|---|---|
| Revenue | JPY 6.06T | JPY 5.34T |
| Operating income | JPY 530.77B | JPY 244.17B |
| Net income | JPY 450.92B | JPY 196.67B |
| Diluted EPS | 347.52 JPY | 140.4 JPY |
Financial statements and analyst estimates in our data are in Japanese yen. The share price and the earnings-report EPS line are in US dollars, per US-listed share. The two sets of numbers should not be compared directly.
What happened
The headline EPS figure points one way and the most recent full filing points the other. FMP's earnings line shows a large shortfall against the estimate. We cannot tell from our data which quarter that EPS figure covers, and no revenue figure came with it. The most recent complete quarter in our data is the one ended June 30, 2026. In that quarter Honda's revenue was higher than a year earlier, operating income was well above the year-ago level, and diluted EPS was 347.52 JPY versus 140.4 JPY a year before.
Recent headlines add context. The Wall Street Journal reported on Nov. 10, 2026 that Honda raised its guidance after first-half profit growth. The WSJ, Reuters and CNBC all reported on Nov. 9, 2026 that Honda plans a multibillion-dollar new assembly plant in Ohio to build hybrid vehicles. We have no release or call transcript, so we cannot quote management on the reasons behind either the results or the guidance change. Those headlines also give no figure we can verify.
The recent trend
The latest quarter follows a very rough patch. Here is how margins moved across the last five reported quarters, oldest to newest:
| Quarter ended | Gross margin | Operating margin | Net income |
|---|---|---|---|
| June 30, 2025 | 20.1% | 4.6% | JPY 196.67B |
| Sept. 30, 2025 | 20.4% | 3.7% | JPY 115.16B |
| Dec. 31, 2025 | 20.3% | 2.9% | JPY 153.61B |
| March 31, 2026 | 6.4% | -17.3% | JPY -889.38B |
| June 30, 2026 | 22.2% | 8.8% | JPY 450.92B |
Operating margin, the share of revenue left after running costs, slid for three quarters. In the quarter ended March 31, 2026 it turned sharply negative, and Honda posted a net loss of JPY 889.38B. In the quarter ended June 30, 2026, margins were the highest of the five. Our data does not say what caused the March-quarter loss, so we do not offer a reason.
Cash flow told a different story
Profit and cash did not move together. In the quarter ended June 30, 2026, operating cash flow was JPY 292.52B, while capital expenditure, money spent on plants and equipment, was JPY -637.75B. Free cash flow, what is left after that spending, was JPY -345.24B. In the quarter ended March 31, 2026, free cash flow was positive at JPY 138.82B. Dividends were JPY -136.43B in the latest quarter, and buybacks were JPY 0.00.
FMP reports cash and short-term investments of JPY 5.07T as of June 30, 2026, and shareholders' equity of JPY 11.82T. FMP lists its own net debt figure as JPY -5.07T. FMP also shows total debt of JPY 0.00 for that date, which does not fit well with the debt/equity ratio of 1.14 it lists on a trailing-12-month basis. Treat the balance sheet debt line with caution.
Why it matters for investors
Valuation is hard to read. On a trailing-12-month basis, Honda's P/E is -47.65, which is negative because the March-quarter loss sits inside that window. P/E compares the share price with a year of earnings. The trailing net margin is -0.8%. Price/sales is 0.32, EV/EBITDA is 13.29, price/free cash flow is 45.88, and the dividend yield is 3.8%.
Peers vary widely.
| Peer | Market cap | P/E | Net margin |
|---|---|---|---|
| BMW, BAMXF | $37.55B | 5.84 | 4.8% |
| Porsche, DRPRY | $48.61B | 19.23 | 6.3% |
| Ford, F | $50.02B | -6.39 | -4.2% |
| General Motors, GM | $76.11B | 20.28 | 2.1% |
Honda, with a market cap of $46.51B, sits among them. Like Ford (F), it has a negative trailing P/E and a negative trailing net margin.
Analysts are cautious. Of 18 ratings, 5 are buy, 12 are hold and 1 is sell. The consensus price target is 34.00 USD, and the analyst high and low targets are the same figure, so the data reflects a single target. That consensus target is below the 35.84 USD latest quote on Nov. 9, 2026.
Our MoonshotScore. Stock Expert AI's MoonshotScore V2 is 52.1, rated Fair. The sector-relative pillars are momentum 90, growth 59, valuation 54, quality 34 and safety 26. In other words, the share price trend and sales growth look strong against the sector, while profit quality and balance sheet safety look weak. FMP's financial strength scores agree with the caution: Piotroski is 4 on a 0-9 scale, and Altman Z is 1.37.
What could go wrong. The EPS miss against the estimate, the March-quarter loss, negative free cash flow in the latest filed quarter, and weak quality and safety pillars are all open concerns. The shares also trade close to the top of their 52-week range. Insider activity gives no signal: among recent Form 4 filings in the last 90 days, FMP found 0 open-market purchases and 0 sales.
What to watch next
- The full second-quarter report and call. We want revenue, the period behind the 0.32 USD EPS figure, and management's explanation of the raised guidance.
- Free cash flow. Capital spending was far larger than operating cash flow in the quarter ended June 30, 2026. Any new Ohio hybrid plant would add to spending, though no cost figure is in our data.
- Margins. Operating margin recovered to 8.8%. The question is whether it holds.
- Dividend and buybacks. Buybacks were JPY 0.00 in the latest quarter, and the dividend yield is 3.8%.
Frequently asked questions
Q: Did Honda beat or miss earnings estimates?
According to FMP, Honda reported EPS of 0.32 USD against an analyst estimate of 0.954 USD, a difference of -$0.63, or -66.5%. The report is dated Nov. 11, 2026. Revenue and the revenue estimate were not available in our data.Q: How did Honda's profit in the quarter ended June 30, 2026 compare with a year earlier?
Honda's net income was JPY 450.92B, up 129.3% from the same quarter a year earlier. Revenue was JPY 6.06T, up 13.5%. Diluted EPS was 347.52 JPY, versus 140.4 JPY in the year-ago quarter.Q: What do analysts think of Honda stock?
FMP shows 18 analyst ratings: 5 buy, 12 hold and 1 sell, for a consensus of "Hold". The consensus price target is 34.00 USD. This is a description of analyst views, not a recommendation from us.What our data could not verify
We could not confirm which quarter the 0.32 USD EPS figure covers, the revenue for that report, or Honda's new guidance numbers. We had no company release or call transcript. The debt line on the balance sheet looks inconsistent with the debt/equity ratio. Sources: financial data, estimates, ratings and scores come from FMP and Stock Expert AI's own MoonshotScore. Headlines on the raised guidance and the Ohio plant come from the Wall Street Journal, Reuters and CNBC, third-party reports we have not independently verified.
This is educational content, not investment advice. Past performance does not guarantee future results.