Quarterly ResultJul 29, 2026, 06:58 AM
Garrett Motion Q2 Net Sales $976M; Raises Full-Year Outlook
AI Summary
Garrett Motion Inc. reported strong second-quarter 2026 financial results, with net sales of $976 million, a 5% increase on a constant currency basis, and net income of $101 million. The company also announced an expanded Adjusted EBIT margin of 15.6% and declared a cash dividend of $0.08 per share. Reflecting this performance, Garrett Motion raised its full-year 2026 outlook for both net sales and Adjusted EBIT, while also highlighting new business wins in turbocharging and e-powertrain development.
Key Highlights
- Net sales totaled $976 million, up 5% on a constant currency basis.
- Net income reached $101 million, with a net income margin of 10.3%.
- Adjusted EBIT was $152 million, and Adjusted EBIT margin expanded to 15.6%.
- Board declared a cash dividend of $0.08 per share, payable September 15, 2026.
- Increased 2026 full-year Net Sales outlook to $3.7 billion - $3.9 billion.
- Increased 2026 full-year Adjusted EBIT outlook to $560 million - $600 million.
- Secured multiple turbo wins and kicked off e-powertrain pre-development.
- Net cash provided by operating activities totaled $145 million.
Price Impact
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