Earnings ·
Magna International Inc. reported second quarter 2026 results on July 31, 2026, posting sales of $10.98 billion and…
MGAMagna International Inc
Magna International Inc. reported second quarter 2026 results on July 31, 2026, posting sales of $10.98 billion and adjusted earnings per share of $1.86. The company raised its full-year 2026 outlook for adjusted EBIT margin to 6.3%-6.6%, adjusted EPS to $6.70-$7.30, and free cash flow to $1.75B-$1.85B. Magna generated $617 million in free cash flow and returned $598 million to shareholders through dividends and share repurchases. The automotive supplier operates in the global auto parts industry.