Autoliv reported second quarter net sales of $2.8 billion, a 3.3% increase year-over-year, and GAAP EPS of $1.35. The company's adjusted EPS of $2.43 rose 10% from the prior year, surpassing analyst expectations.
Key Highlights
- Organic sales grew 1.0%, outperforming the global light vehicle production (LVP) decline of 0.3% by 1.3 percentage points, driven primarily by strong performance in Asia.
- Adjusted operating margin expanded to 9.6% from 9.3% in the prior-year quarter, supported by cost reduction activities.
- Operating cash flow increased 57% to $434 million, marking a record for a second quarter, while free operating cash flow more than doubled to $340 million.
- The company reiterated its full-year 2026 guidance, including an adjusted operating margin of 10.5-11% and operating cash flow of around $1.2 billion.