Recent Updates — LEA

Lear Corporation reported third-quarter 2026 revenue of $5.8 billion, a 2% increase year-over-year, and net income of $137 million, up 26%. Adjusted earnings per share reached $3.71, reflecting higher core operating earnings of $256 million and the benefit of its share repurchase program. The company achieved its full-year buyback target of $350 million in Q3 alone and expanded its remaining authorization to $1.5 billion through December 2029. Lear maintained its full-year 2026 core operating earnings guidance at $1.08–$1.20 billion despite lower global vehicle production. The company also paid $38 million in dividends during the quarter. Lear Corporation is a global automotive technology leader designing and manufacturing seating and electronic systems for major automakers.

Lear Corporation appointed Jared Fedele as Senior Vice President and Chief Financial Officer, effective March 1, 2027. He succeeds Jason Cardew, who will step down from the CFO role on February 28, 2027, after 34 years of service. Cardew will remain with the company in a non-executive consulting capacity until his retirement on December 31, 2027. Fedele receives an initial annual base salary of $750,000 and is eligible for incentive plans. Lear Corporation designs, manufactures, and delivers advanced automotive technologies to major automakers.

Lear Corporation's Board of Directors approved an increase to the share repurchase authorization to $1.5 billion and extended the program's term to December 31, 2029. At the end of the second quarter of 2026, approximately $600 million remained from the prior authorization expiring on that date. The new total authorization represents roughly 26% of the company's market capitalization at current prices. Since initiating the program in 2011, Lear has repurchased 63.6 million shares for a total of $6.1 billion, reducing outstanding shares by approximately 60%. This global automotive technology leader designs, manufactures, and delivers advanced seating and E-Systems to major automakers.

Lear Corporation reported second quarter 2026 financial results and raised its full-year 2026 guidance midpoints. Revenue increased 3% year-over-year to $6.2 billion, while net income rose 17% to $193 million and adjusted net income grew 16% to $217 million. Earnings per share reached $3.79, up 24% from the prior year period. The company repurchased $100 million in shares during the quarter and paid $39 million in dividends. Full-year 2026 net sales are now projected between $23.54 billion and $24.01 billion, with core operating earnings expected between $1.08 billion and $1.20 billion. Lear Corporation is a global automotive technology leader designing and manufacturing seating and E-Systems for major automakers.