| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 976.00 | 0.9% | 6.9% |
| Total Income | 976.00 | 0.9% | 6.9% |
| Expenditure | 850.00 | 2.0% | 4.8% |
| PBT | 126.00 | 6.8% | 23.5% |
| Net Profit | 101.00 | 6.3% | 16.1% |
| OPM | — | ||
| NPM | 10.35% | 0.70pp | 0.82pp |
| EPS | 0.54 | 8.0% | 25.6% |
Garrett Motion Reports Strong Second Quarter 2026 Results, Increases 2026 Outlook
29 Jul 2026 · 29 Jul, 4:31 pm
Summary
Garrett Motion reported strong second quarter 2026 results, with net sales reaching $976 million, up 7% year-over-year, driven by growth across all verticals. Net income increased to $101 million, and the net income margin improved to 10.3%. The company also saw a significant expansion in its adjusted EBIT margin, which reached 15.6%, up 200 basis points from the prior year. Reflecting confidence in its performance and strategy, Garrett has increased its full-year 2026 outlook across key financial metrics.
Key Highlights
- 1
Net sales for the second quarter of 2026 totaled $976 million, an increase of 7% (including a favorable impact of $15 million or 2% due to foreign currency translation) compared to $913 million in the second quarter of 2025.
- 2
Net income for the second quarter of 2026 was $101 million, an increase from $87 million in the second quarter of 2025, resulting in a net income margin of 10.3%.
- 3
Adjusted EBIT for the second quarter of 2026 increased to $152 million from $124 million in the second quarter of 2025, with the adjusted EBIT margin expanding 200 basis points to 15.6%.
- 4
Net cash provided by operating activities totaled $145 million in the second quarter of 2026, while adjusted free cash flow was $122 million.
- 5
The company increased its 2026 full-year outlook for net sales, net income, adjusted EBIT, and adjusted free cash flow.
- 6
Multiple turbo wins were secured, including a large light vehicle program in North America and commercial vehicle applications in China and India.
- 7
A major award was won for Garrett MEG used in gensets for data centers, alongside several additional genset awards.
Management Comments
Olivier Rabiller
Garrett delivered a strong second quarter, highlighting the power of our differentiated technology portfolio and continued share-of-demand gains. Net sales were $976 million, up 5% at constant currency, and adjusted EBIT margin expanded 200 basis points to 15.6%, driven by disciplined execution across the business. We also secured multiple turbo wins in industrial for power generation, as well as in passenger and commercial vehicle, while advancing our e-compressor and e-powertrain offerings. Combined with strong profitability and cash generation, these results reinforce our confidence in Garrett’s long-term growth trajectory.
Informational and educational content only. Not investment advice.