Arçelik shares see target price cuts after Q2 2026 earnings

Arçelik reported its second‑quarter 2026 results, posting revenue of 141.3 million TL, EBITDA of 5.8 billion TL and net profit of 3.4 billion TL. The company benefited from a 4.5 billion TL positive effect of inflation accounting and managed raw‑material costs despite geopolitical tension. analysts noted weaker demand, a decline in quarterly sales, and a rise in net debt.

Deniz Yatırım kept a "buy" rating and a 12‑month target price of 152 TL, while İş Yatırım lowered its target from 159 TL to 130 TL and changed its recommendation from "buy" to "hold" after the results exceeded profit forecasts but fell short on EBITDA. The stock traded down 0.8 % at 97.5 TL.

Both broker reports highlighted improved free cash flow and debt‑reduction strategies, but warned that operational uncertainty could limit short‑term upside.