MAGNA INTERNATIONAL INC (MGA) Form 6-K — Oct 30, 2026
Magna International reported strong Q3 2026 results: sales of $10.1 billion (down 4%), Adjusted EBIT of $683 million (up 11%), Adjusted EBIT margin of 6.8% (+90 bps), and Adjusted EPS of $1.83, up 38% year-over-year, with all metrics exceeding management expectations. The company generated $584 million of free cash flow and returned $658 million to shareholders in Q3 via dividends and buybacks; it completed its existing NCIB in October and the Board approved a new buyback authorization for up to 10% of the public float.
Key figures
- Eps
- 1.44
- Revenue
- 10059000000
- Guidance
- FY2026: 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 maintained); Free Cash Flow raised to $1.85-1.90B
- Net Income
- 383000000
- Revenue Yoy
- -4%
- Cash Position
- 1378000000
- Shares Outstanding
- 266000000
- Net leverage
- 0.75x
- Adjusted eps q3
- 1.83
- Total liquidity
- 4878000000
- Adjusted ebit q3
- 683000000
- Adjusted eps yoy
- +38%
- Adjusted ebit yoy
- +11%
- Free cash flow q3
- 584000000
- Capital returned q3
- 658000000
- Adjusted ebit margin
- 6.8% (+90 bps)
- Share buybacks ytd 2026
- 1434000000
AI analysis
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