Quarterly ResultJul 31, 2026, 05:06 AM
Magna Q2 Adjusted EPS $1.86, Sales $11.0B; Raises FY Outlook
AI Summary
Magna International Inc. reported strong second-quarter 2026 results, with sales increasing 3% to $11.0 billion and a record Adjusted EPS of $1.86, up 29%. The company also saw Adjusted EBIT rise 16% to $677 million, with margin expanding 70 basis points to 6.2%. Reflecting this performance and confidence, Magna raised its full-year 2026 outlook for Adjusted EBIT margin, Adjusted EPS, and Free Cash Flow, while returning $598 million to shareholders.
Key Highlights
- Q2 2026 Sales increased 3% to $11.0 billion, outperforming a 2% decline in global light vehicle production.
- Q2 2026 Adjusted EBIT rose 16% to $677 million, with Adjusted EBIT margin expanding 70 basis points to 6.2%.
- Q2 2026 Adjusted EPS increased 29% to a record $1.86.
- Generated $617 million in Free Cash Flow during Q2 2026.
- Returned $598 million to shareholders in Q2 through dividends and share repurchases.
- Raised full-year 2026 Adjusted EBIT margin outlook to 6.3% - 6.6% (from 6.0% - 6.6%).
- Raised full-year 2026 Adjusted EPS outlook to $6.70 - $7.30 (from $6.25 - $7.25).
- Raised full-year 2026 Free Cash Flow outlook to $1.75 - $1.85 billion (from $1.6 - $1.8 billion).
Price Impact
More from MGA