Michael Leiters, CEO of the Stuttgart-based sports car manufacturer Porsche, stands next to a Porsche 911 GT3 SC at the Porsche Development Center.

Bernd Weißbrod | Picture Alliance | Getty Images

German sports carmaker Porsche said it has significantly reduced its exposure to China as operating profit rebounded in the first nine months of the year despite falling revenue and vehicle deliveries.

The Volkswagen-owned company published its third-quarter earnings on Tuesday, announcing that operating profit was 1.74 billion euros ($1.94 billion) in the first nine months of 2026, compared with 40 million euros at the same time last year, when it booked around 2.7 billion euros in strategic restructuring costs.

Meanwhile, sales revenue fell 5.9% to 25.28 billion euros, while deliveries continued to decline, down 16% to 178,532.…