1H 2026 Revenue of $271 million to $273 million
1H 2026 Year Over Year Revenue Growth of 22% to 23%
Q2 2026 Net Income Grew Quarter Over Quarter
SunCar’s Fourth Consecutive Profitable Quarter
Full year 2026 Revenue Forecast Remains at $600 million
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 $271 million to $273 million for the first half of 2026, a 22% to 23% increase from the same period in 2025.
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 $600 million.
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.