Honda raises outlook even as failed EV bet weighs on profit

What happened: Honda raised its annual operating profit forecast, helped by record motorcycle sales and strong North American demand, even as costs from its electric vehicle bet weighed on results. Key numbers: Operating profit guidance for the fiscal year ending March 2027 is ¥780 billion ($4.9 billion), up from ¥650 billion but below analyst estimates of ¥839 billion. Why it matters: The raised guidance signals strength in motorcycles and North America, but the new forecast still trails analyst estimates, and quarterly profit fell well short of expectations.

Honda raised its annual operating profit forecast, helped by record motorcycle sales and strong North American demand, even as costs from its electric vehicle bet weighed on results.

The raised guidance signals strength in motorcycles and North America, but the new forecast still trails analyst estimates, and quarterly profit fell well short of expectations.