SunCar Forecasts Preliminary Unaudited 1H 2026 Revenue
Rhea-AI Summary
SunCar Technology Group (NASDAQ: SDA) forecasts first-half 2026 revenue of $271 million to $273 million, representing 22% to 23% year-over-year growth versus the first half of 2025. For second quarter 2026, SunCar expects quarter-over-quarter net income growth, which would mark its fourth consecutive profitable quarter.
SunCar reaffirms full-year 2026 revenue guidance of $600 million. Management attributes performance to higher contribution from its insurance renewal product, increased adoption by major EV partners including an expanded partnership with Huawei, and momentum from its integrated “services plus insurance” auto services model in China.
Positive
- 1H 2026 revenue forecast $271–$273 million, up 22%–23% year over year
- Full-year 2026 revenue forecast reaffirmed at $600 million
- Q2 2026 net income forecast to grow quarter over quarter; fourth straight profitable quarter
Negative
- None.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jun 08 | EV insurance contract | Positive | -0.9% | Won exclusive insurance management role for Aistaland, a Huawei-backed luxury EV brand. |
| May 27 | Q1 2026 earnings | Positive | +13.9% | Reported Q1 revenue growth, net income, adjusted EBITDA, and maintained 2026 revenue forecast. |
| May 18 | Q1 profit forecast | Positive | -4.2% | Forecast third consecutive profitable quarter with projected Q1 revenue growth. |
| Apr 28 | FY 2025 earnings | Positive | -14.5% | Reported record 2025 revenue, quarterly profits, cash, and maintained 2026 forecast. |
| Apr 21 | Bank services contract | Positive | -3.0% | Won a three-year Agricultural Bank of China contract covering concierge chauffeur services. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent positive announcements more often diverged from the stock's subsequent price reaction than aligned with it, with four divergences and one alignment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
1H 2026 Revenue of
1H 2026 Year Over Year Revenue Growth of
Q2 2026 Net Income Grew Quarter Over Quarter
SunCar’s Fourth Consecutive Profitable Quarter
Full year 2026 Revenue Forecast Remains at
NEW YORK, July 28, 2026 (GLOBE NEWSWIRE) -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ: SDA), a leader in digitalizing auto insurance and services in China, forecasts revenue of
For the second quarter of 2026, SunCar forecasts quarter-over-quarter net income growth. This would be the Company’s fourth consecutive profitable quarter. SunCar’s revenue forecast for the full-year 2026 remains at
The Company is benefiting from increased revenue contribution from its insurance renewal product and growing partnerships with its major EV partners like the expanded partnership with Huawei announced earlier this year. In auto services, SunCar’s integrated “services plus insurance” model is gaining significant momentum in the market.
SunCar’s CEO and Chairman, Zaichang Ye commented, “In the first half of the year, we continued to enjoy strong revenue growth as insurance renewal revenue becomes a major contributor to total revenue. We appreciate the added confidence that Huawei and our other EV partners have shown SunCar by expanding their use of our AI cloud to manage vehicle insurance and services. The profitability of our insurance renewal product was also a major factor in our quarter over quarter net income growth.”
About SunCar Technology Group Inc.
Founded in 2007, SunCar is transforming the customer journey for auto insurance and services in China, the largest vehicle market in the world. SunCar develops and operates AI cloud-based platforms that seamlessly connect drivers with a wide range of auto services and insurance coverage options through a nationwide network of sales partners. As a result, SunCar has established itself as the leader in China in the auto eInsurance market for electric vehicles and the B2B auto services market. The Company's intelligent cloud platform empowers its enterprise customers to access, manage, and optimize their auto eInsurance and auto service offerings. Through SunCar, drivers gain access to a wide variety of high-quality services from tens of thousands of independent providers, all from a single application. For more information, please visit: https://ir.suncartech.com.
Forward-Looking Statements
This press release contains information about the Company’s view of its future expectations, plans, and prospects that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. For a detailed discussion of these risks, please refer to the Company's Annual Report on Form 20-F and other filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date of this press release, and the Company undertakes no obligation to update or revise these statements, except as required by law.
Contact Information:
SunCar:
Investor Relations: Mr. Breaux Walker
Email: IR@suncartech.com
Legal: Ms. Li Chen
Email: chenli@suncartech.com
SOURCE SunCar Technology Group Inc.
