Lear Reports Third Quarter 2026 Results; Year-Over-Year Growth in Revenue, Core Operating Earnings, Net Income and Earnings per Share
Lear reported Q3 2026 revenue of $5.8 billion, up 2% YoY, outpacing industry production that fell roughly 2% (4 points of growth over market). GAAP EPS rose 36% to $2.74 and adjusted EPS rose 33% to $3.71, boosted by higher earnings and buybacks; core operating earnings grew 6% to $256 million (4.4% margin). Free cash flow fell to $158 million from $307 million a year ago, and the company adjusted its full-year outlook for lower production while maintaining core operating earnings guidance of $1,080-$1,200 million.
Key figures
- Eps
- 2.74
- Revenue
- 5773
- Guidance
- FY2026 net sales $23,350M-$23,750M; core operating earnings $1,080M-$1,200M (maintained); adjusted EBITDA $1,700M-$1,820M; free cash flow $565M-$665M
- Revenue Yoy
- 2%
- Fcf
- 158.4
- Net income
- 136.6
- Q3 buyback
- 175
- Adjusted eps
- 3.71
- Gaap eps yoy
- 36%
- Net income yoy
- 26%
- Total liquidity
- $2.9 billion
- Adjusted eps yoy
- 33%
- Adjusted net income
- 185
- Operating cash flow
- 329.3
- Cash and equivalents
- 889.4
- Core operating earnings
- 255.7
- Seating adjusted margin
- 6.3%
- E systems adjusted margin
- 4.8%
- Remaining buyback authorization
- $1.5 billion
AI analysis
Red flags3 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.