MAGNA INTERNATIONAL INC (MGA) Form 6-K — Oct 30, 2026
Magna International reported strong Q3 2026 results, with Adjusted EPS up 38% to $1.83 and Adjusted EBIT up 11% to $683 million on a 6.8% margin, even as sales slipped 4% to $10.1 billion on lower light vehicle production and divestitures. Free cash flow was $584 million and cash from operations rose 4% to $950 million. The company returned $658 million to shareholders in the quarter through $529 million in buybacks and $129 million in dividends, and its Board approved a new Normal Course Issuer Bid to repurchase up to 25.8 million shares — roughly 10% of the public float — over the next 12 months. Weighted average diluted shares fell 6% year-over-year due to repurchases.
Key figures
- Eps
- 1.44
- Revenue
- 10059000000
- Guidance
- Reaffirming midpoint of full year 2026 Outlook for Adjusted EPS and increasing Free Cash Flow Outlook
- Net Income
- 383000000
- Total Debt
- 4630000000
- Revenue Yoy
- -4%
- Total Assets
- 30985000000
- Cash Position
- 1378000000
- Gross Proceeds
- 0
- Shares Outstanding
- 259700000
- New ncib
- Up to 25.8 million shares (~10% of public float), effective Nov 9, 2026
- Adjusted eps
- $1.83 (+38% YoY)
- Adjusted ebit
- $683 million (+11% YoY)
- Adjusted roic q3
- 12.2% vs 9.2%
- Nine month sales
- $31.42 billion (+1% YoY)
- Free cash flow q3
- $584 million
- Income before taxes
- $552 million (+17% YoY)
- Adjusted ebit margin
- 6.8% (+90 bps)
- Shares repurchased q3
- 7.9 million shares for $529 million
- Dividends per share q3
- $0.495
- Shareholder returns q3
- $658 million ($529M buybacks + $129M dividends)
- Cash from operations q3
- $950 million
- Nine month adjusted eps
- $5.06 vs $3.55
- Nine month adjusted ebit
- $1,918 million (+24% YoY)
- Diluted weighted avg shares q3
- 266.0 million (-6% YoY)
AI analysis
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.