Vietnam's VinFast Q4 prelim revenue surges on higher vehicle deliveries

Overview

• Vietnam EV maker's preliminary Q4 revenue rose 139% yr/yr, driven by higher vehicle deliveries

• Q4 preliminary gross margin improved to negative 39.9% from negative 79.1% a year ago

Outlook

• Company says scale and unit cost optimization are primary focus areas for profitability in 2026

• VinFast plans strategic investments to expand overseas capacity and commercialize next-gen vehicles

Result Drivers

• HIGHER DELIVERIES - Q4 EV deliveries rose 127% quarter-over-quarter and 63% yr/yr, with commercial models and international markets contributing to growth

• SCALE AND COST OPTIMIZATION - Co said gross margin improvement reflected benefits of scale and a more optimized cost structure

Company press release: ID:nPn4HxcS0a

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• Wall Street's median 12-month price target for VinFast Auto Ltd is $6.00, about 93.5% above its March 13 closing price of $3.10

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.