Quarterly ResultMay 1, 2026, 04:52 PM
Magna International Q1 Net Loss $12M; $485M Impairment on Divestments
AI Summary
Magna International reported a net loss of $12 million for Q1 2026, a significant decline from a net income of $146 million in Q1 2025. This loss was primarily driven by a $485 million impairment charge related to the planned divestment of its European Lighting and Rooftop Systems businesses, and its Lighting business in North America, South America, and China. Despite the net loss, adjusted EBIT increased to $558 million, and adjusted EPS rose to $1.38, indicating underlying operational improvements.
Key Highlights
- Net loss attributable to Magna International Inc. was $12 million in Q1 2026, down from $146 million in Q1 2025.
- Diluted (loss) earnings per common share was $(0.04) in Q1 2026, compared to $0.52 in Q1 2025.
- Recognized a $485 million impairment loss on assets held for sale in Q1 2026 due to planned divestments.
- Total Sales for Q1 2026 were $10,381 million, a decrease from $10,970 million in Q1 2024.
- Adjusted EBIT increased to $558 million in Q1 2026 from $354 million in Q1 2025.
- Adjusted EPS was $1.38 in Q1 2026, up from $0.78 in Q1 2025.
- Global vehicle volume decreased to 20.487 million units in Q1 2026 from 22.016 million in Q1 2025.
- Cash provided from operating activities was $677 million in Q1 2026, up from $77 million in Q1 2025.
Price Impact
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