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

SunCar Forecasts Preliminary Unaudited 1H 2026 Revenue

SunCar forecasts 1H 2026 revenue up 22–23% with continued profitability

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>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</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>SunCar guides 1H 2026 revenue of $271–$273 million, up 22–23% YoY, while keeping full-year revenue at $600 million. The company attributes stronger insurance renewal revenue and expanded Huawei EV partnerships powering its AI cloud for vehicle insurance and services. The &#039;services plus insurance&#039; model is gaining market traction, supporting a bullish earnings trajectory into 2H 2026.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>1H 2026 revenue guide: $271–$273m; YoY up 22–23%; full-year $600m.</li><li>Q2 2026 net income expected to grow QoQ; SunCar&#039;s fourth consecutive profitable quarter.</li><li>Insurance renewal revenue becomes major contributor; Huawei and EV partners expand AI cloud.</li><li>Integrated &#039;services plus insurance&#039; model gains momentum in auto services market.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>SunCar Technology Group Inc. (SDA)</strong>: Primary issuer; 1H revenue guide and profitability signal stock upside.</li><li><strong>Huawei Technologies (N/A)</strong>: EV-partner; expanding use of SunCar&#039;s AI cloud; potential earnings uplift.</li></ul>
  </section>

  <section data-block="category">
    <h3>Earnings</h3>
    <p>Category fits Earnings with accompanying Industry News on partnerships; highlights near-term financial milestones and strategic collaborations shaping SDA&#039;s growth trajectory.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>1H 2026 revenue guide of $271–$273m signals strong top-line momentum.</li><li>Full-year revenue target unchanged at $600m suggests stable demand and forecast discipline.</li><li>Fourth consecutive profitable quarter reinforces improving profitability trajectory.</li><li>Huawei and EV-partner expansion could lift AI cloud-driven insurance/services revenue.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>1H 2026 revenue forecast: $271–$273 million.</li><li>YoY revenue growth guidance: 22–23%.</li><li>Q2 2026 net income expected to grow QoQ; fourth consecutive profitable quarter.</li><li>Full-year 2026 revenue forecast: $600 million.</li><li>Announcement date: July 28, 2026.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Bullish: near-term revenue growth and profitability catalysts support SDA into 2H 2026.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="center"><strong>1H 2026 Revenue of $271 million to $273 million</strong></p>  <p align="center"><strong>1H 2026 Year Over Year Revenue Growth of 22% to 23%</strong></p>  <p align="center"><strong>Q2 2026 Net Income Grew Quarter Over Quarter</strong></p>  <p align="center"><strong>SunCar’s Fourth Consecutive Profitable Quarter </strong></p>  <p align="center"><strong>Full year 2026 Revenue Forecast Remains at $600 million</strong></p>  <p>NEW YORK, July  28, 2026  (GLOBE NEWSWIRE) -- SunCar Technology Group Inc. (the &#34;Company&#34; or &#34;SunCar&#34;) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/SDA">SDA</a>), 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.</p>  <p>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.</p>  <p>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.</p>  <p>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."  </p>  <p><strong>About SunCar Technology Group Inc.</strong></p>  <p>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&#39;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: <a href="https://www.globenewswire.com/Tracker?data=iuKVSXlOeVMIwhiTXcONQ8CZY0RAXzZVQ3xjaBKO0zFFEGp1wBGI1Dxi9YJPBxplBYztMMZU65NYEorCPlh55BRv1Bo4xyxvgiN_7pwGbEHDnicEk80FPw0xURq3oTf7EAPGVp_LqwtOlm2lT3l52d4b9AV295QPQSs2SDO8f0HuplUNN0dvrtMtd7OK0yiCi9GKBw9BZ5kRuKocZGsV63Ncgc8ceTIDtU2ktbD_dVNL3vyBP9PB8cWbMFg8Q91xYuzRIrW7b7yjU1_MONVFeQ==" rel="nofollow" target="_blank"><strong>https://ir.suncartech.com</strong></a>.</p>  <p><strong>Forward-Looking Statements</strong><br></br>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&#39;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.</p>  <p><strong>Contact Information:</strong></p>  <p><strong>SunCar:</strong></p>  <p><strong>Investor Relations: Mr. Breaux Walker</strong><br></br>Email: <a href="https://www.globenewswire.com/Tracker?data=EY6GjW_nQf3X8fdU4aoy761LTZeBJZ4ZlIdkqS8f0Ed6v3VDd6pERzUpMnzhr-jocLB8xW2iUNI5JIC9Bh-bY-qgNqEQ2nX-_mutNQcDsWRdX0by_JQUKuqMDDS1eJ4Xzfa2T1VjzwpZjWuA53aH1AhLWfNoLyr62vyoit77ZTlAsTNoNr-ts5Ozrq-IMg2M69P8tFaN4NFScE1nnoM9pNLgwbGkcFXg-nkrP5ItNbBSi4IFBROptcSApcjxj4a5buGxGwq_0KW-9CsJjXvGzg==" rel="nofollow" target="_blank"><strong>IR@suncartech.com</strong></a></p>  <p><strong>Legal: Ms. Li Chen</strong><br></br>Email: <a href="https://www.globenewswire.com/Tracker?data=obK0_iOuXFxWRR9l7IW2B7I6aed6AUjM9Jlif2I5Hbgnr8F3i7C5UCEo76ZUsk6FPMcv1-45HwE8UAfh6FDMxTtoKkM8Yt8lHq1p5yxwv_LAbTYwDUivGEUhpfaizWNw0Lo7swkd4pyyPdd6Yu7SUr0KcDI48zaJgVBFo_SBm2l5Wlgz4faAJzxhJGdeTDCJZJ_JqNqMV2hbFPH4cTy-ZrtCv7zmVxKH-dmLwQNAME8E6NhWetyES4P8DdLYc8VOYI2BL6bm2-UvUBxGsaqmng==" rel="nofollow" target="_blank"><strong>chenli@suncartech.com</strong></a></p>  <p>SOURCE SunCar Technology Group Inc.</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTc5OTE1NyM3NzQ2MjczIzIyNTg0MDQ="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/NDQ3NjI0MTgtMGNlNC00NTEzLWEwN2QtMTE4YzI1YTZiYWI0LTEyNjk5NTMtMjAyNi0wNy0yOC1lbg==/tiny/SunCar-Technology-Group-Inc-.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/b3f43c4e-9278-459d-b33b-e98c5c074974"><img src="https://ml.globenewswire.com/media/b3f43c4e-9278-459d-b33b-e98c5c074974/small/sda-logo-png.png" border="0" width="150" height="150" alt="Primary Logo"></img></a></p>

SunCar guides 1H 2026 revenue of $271–$273 million, up 22–23% YoY, while keeping full-year revenue at $600 million. The company attributes stronger insurance renewal revenue and expanded Huawei EV partnerships powering its AI cloud for vehicle insurance and services. The 'services plus insurance' model is gaining market traction, supporting a bullish earnings trajectory into 2H 2026.

News insight

SunCar Forecasts Preliminary Unaudited 1H 2026 Revenue

AI summary

Sentiment rationale

Key facts

Earnings