Quarterly ResultJul 31, 2026, 06:13 AM
Magna Q2 Sales $11.0B, Adj. EPS $1.86; Raises 2026 Outlook
AI Summary
Magna International Inc. reported strong second-quarter 2026 results, with sales increasing 3% to $11.0 billion and Adjusted EBIT rising 16% to $677 million. The company achieved a record Adjusted EPS of $1.86, up 29% year-over-year, and generated $617 million in Free Cash Flow. Reflecting confidence in its performance, Magna raised its full-year 2026 outlook for Adjusted EBIT margin, Adjusted EPS, and Free Cash Flow, while updating sales guidance to account for foreign exchange impacts and divestiture timing.
Key Highlights
- Q2 Sales increased 3% to $11.0 billion, outperforming a 2% decline in global light vehicle production.
- Q2 Adjusted EBIT increased 16% to $677 million, with Adjusted EBIT margin expanding 70 basis points to 6.2%.
- Q2 Adjusted EPS increased 29% to $1.86, a record for the second quarter.
- Returned $598 million to shareholders during the quarter through dividends and share repurchases.
- Raised full year 2026 Outlook for Adjusted EBIT margin to 6.3%-6.6% and Adjusted EPS to $6.70-$7.30.
- Raised full year 2026 Free Cash Flow outlook to $1.75-$1.85 billion.
- Body Exteriors & Structures segment Q2 sales were $4.421 billion, with Adjusted EBIT of $360 million.
- Power & Vision segment Q2 sales were $4.093 billion, with Adjusted EBIT of $245 million.
Price Impact
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