Quarterly ResultJul 31, 2026, 04:25 PM
Magna Q2 Sales $10.98B, EPS $1.72; Free Cash Flow Doubles
AI Summary
Magna International Inc. reported strong second-quarter 2026 results with total sales reaching $10.98 billion, a 3.3% increase year-over-year. Diluted earnings per common share rose significantly by 27.4% to $1.72, while adjusted EPS increased by 29.2% to $1.86. The company also saw a substantial improvement in Free Cash Flow, which more than doubled to $617 million, despite recording a loss on assets held for sale and restructuring costs.
Key Highlights
- Total sales increased 3.3% year-over-year to $10.98 billion in Q2 2026.
- Diluted earnings per common share rose 27.4% to $1.72 in Q2 2026.
- Adjusted EBIT increased 16.1% to $677 million, representing 6.2% of sales.
- Free Cash Flow more than doubled to $617 million in Q2 2026 from $301 million in Q2 2025.
- Body Exteriors & Structures sales were $4.42 billion, and Power & Vision sales were $4.09 billion.
- Seating Systems sales reached $1.45 billion, and Complete Vehicles sales were $1.16 billion.
- The company recorded an $11 million loss on assets held for sale and $15 million in restructuring costs in Q2 2026.
Price Impact
More from MGA