Recent Updates — MGA
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.
Magna International Inc. reported second quarter 2026 results with sales increasing 3% to $11.0 billion and adjusted EBIT rising 16% to $677 million, yielding an adjusted EPS 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 $1.75-$1.85 billion. Management declared a quarterly dividend of $0.495 per common share, payable on August 28, 2026, to shareholders of record as of August 14, 2026. Additionally, Magna returned $598 million to shareholders through dividends and share repurchases during the quarter. Magna International Inc. operates in the automotive industry as a global supplier of vehicle systems, components, and complete vehicles.