Magna Announces Strong Third Quarter Results
Magna International reported Q3 2026 sales of $10.06 billion, down 4% year-over-year on lower light vehicle production and 2026 divestitures of its Lighting and Rooftop Systems businesses. Profitability improved sharply despite the revenue decline: Adjusted EBIT rose 11% to $683 million with margin up 90 bps to 6.8%, and Adjusted EPS jumped 38% to $1.83 (GAAP diluted EPS $1.44, +33%). Management reaffirmed the midpoint of its FY26 Adjusted EPS outlook at $6.85-$7.15, trimmed the sales range to $41.2-$42.0 billion on weaker China production, and raised its Free Cash Flow outlook to $1.85-$1.90 billion.
Key figures
- Eps
- 1.44
- Revenue
- 10059000000
- Guidance
- FY26 Total Sales $41.2-$42.0B (lowered from $41.3-$42.5B); Adjusted EBIT margin 6.3%-6.5%; Adjusted EPS $6.85-$7.15 (midpoint reaffirmed); Free Cash Flow raised to $1.85-$1.90B from $1.75-$1.85B
- Revenue Yoy
- -4%
- Fcf q3
- 584000000
- Ncib shares
- up to ~25.8 million shares (10% of public float)
- Net income q3
- 383000000
- Adjusted eps q3
- 1.83
- Adjusted ebit q3
- 683000000
- Adjusted eps yoy
- +38%
- Adjusted ebit yoy
- +11%
- Capital returned q3
- 658000000
- Q3 dividend per share
- 0.495
- Adjusted ebit margin q3
- 6.8%
AI analysis
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