| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 985.00 | 12.2% |
| Total Income | 985.00 | 12.2% |
| Expenditure | 867.00 | 9.3% |
| PBT | 118.00 | 38.8% |
| Net Profit | 95.00 | 53.2% |
| OPM | — | |
| NPM | 9.64% | 2.58pp |
| EPS | 0.50 | 66.7% |
Garrett Motion Reports Q1 2026 Financial Results, Raises 2026 Outlook
30 Apr 2026 · 30 Apr, 4:33 pm
Summary
Garrett Motion Inc. reported a strong start to 2026, with first-quarter net sales reaching $985 million, marking a 12% increase on a reported basis and 6% on a constant currency basis year-over-year. Net income for the quarter totaled $95 million, achieving a net income margin of 9.6%, while Adjusted EBIT stood at $151 million with a margin of 15.3%. The company also generated robust cash flow, with net cash provided by operating activities at $98 million and Adjusted free cash flow at $49 million. Management highlighted disciplined execution and strong volume conversion, alongside securing new business across both turbo and zero-emission technology portfolios. Reflecting this performance, Garrett Motion raised its full-year 2026 outlook across key financial metrics.
Key Highlights
- 1
Garrett Motion reported first-quarter 2026 net sales of $985 million, marking a 12% increase on a reported basis and 6% on a constant currency basis compared to the prior year.
- 2
Net income for Q1 2026 significantly grew by 53.2% to $95 million, achieving a net income margin of 9.6%.
- 3
Adjusted EBIT for the quarter totaled $151 million, representing a 15.3% increase year-over-year, with an Adjusted EBIT margin expanding to 15.3%.
- 4
The company generated strong cash flow, with net cash provided by operating activities rising 75% to $98 million and Adjusted free cash flow increasing 36.1% to $49 million.
- 5
Garrett secured several new light vehicle turbo programs and continued to expand its E-Powertrain and E-Cooling portfolios with new commercial vehicle and industrial awards.
- 6
Reflecting its strong performance, Garrett Motion raised its full-year 2026 outlook for key financial metrics, including net sales, net income, Adjusted EBIT, and cash flow.
Management Comments
Olivier Rabiller
Garrett had a strong start to 2026, delivering 6% organic growth. Net sales increased to $985 million, Adjusted EBIT margin expanded to 15.3% and we generated $49 million of Adjusted Free Cash Flow, reflecting disciplined execution and strong volume conversion. During the quarter, we repurchased $87 million of common shares and returned more than $100 million to shareholders including dividends.
Olivier Rabiller
We also continued to secure new business across both our turbo and zero‑emission technology portfolios. This included an additional commercial vehicle award for our high‑speed E‑Powertrain, alongside growing industrial engagement for our oil‑free E‑Cooling compressor, supporting our strategy to scale our differentiated electrification and industrial offerings.
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