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Aston Martin (Q3 Update): guidance downgrade

Aston Martin has lowered its full-year guidance for the second time this year, citing weaker-than-expected vehicle volumes and the impact of US tariffs on demand.
Aston Martin - ongoing supply chain issues dent performan

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Prices delayed by at least 15 minutes

Third-quarter deliveries of around 1,430 vehicles have come in below the 1,641 expected. That was driven by weaker demand in both the North America and the Asia Pacific regions.

Management called out the ongoing impact of US tariffs and lower sales of higher-margin ‘Special’ models.

Full-year underlying operating losses are now expected to be worse than the £110mn that markets had been forecasting. Free cash flow is no longer expected to be positive over the second half, though an improvement in the fourth quarter is expected.

An immediate review of costs and capital expenditures is underway, with 2026 performance expected to show improvements.

The shares fell 7.3% in early trading.

Our view

HL view to follow.

Aston Martin key facts

All ratios are sourced from LSEG Datastream, based on previous day’s closing values. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn’t be looked at on their own – it’s important to understand the big picture.

This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.

This article is not advice or a recommendation to buy, sell or hold any investment. No view is given on the present or future value or price of any investment, and investors should form their own view on any proposed investment.

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Written by
Matt-Britzman
Matt Britzman
Senior Equity Analyst

Matt is a Senior Equity Analyst on the share research team, providing up-to-date research and analysis on individual companies and wider sectors. He is a CFA Charterholder and also holds the Investment Management Certificate.

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Article history
Published: 6th October 2025