Quarterly ResultApr 30, 2026, 07:02 AM
GTX Q1 Net Sales $985M, +12%; Net Income $95M; Raises 2026 Outlook
AI Summary
Garrett Motion Inc. reported strong first-quarter 2026 financial results, with net sales increasing 12% to $985 million and net income rising to $95 million. The company also raised its full-year 2026 financial outlook across key metrics, including net sales and adjusted EBIT. Business highlights included securing new turbo programs, expanding into range-extended electric vehicles, and winning new E-Powertrain and E-Cooling awards. Garrett repurchased $87 million of common shares and declared a $0.08 per share cash dividend.
Key Highlights
- Q1 Net Sales $985M, up 12% reported, 6% constant currency YoY.
- Q1 Net Income $95M, up from $62M in Q1 2025.
- Q1 Adjusted EBIT $151M, up from $131M in Q1 2025.
- Raised full-year 2026 Net Sales outlook to $3.6B-$3.9B.
- Raised full-year 2026 Adjusted EBIT outlook to $520M-$600M.
- Declared cash dividend of $0.08 per common share.
- Repurchased $87M of common stock in Q1 2026.
- Secured new light vehicle turbo programs and E-Powertrain awards.
Price Impact
More from GTX