Magna International reported third quarter 2026 results that exceeded analyst estimates for both revenue and earnings. Despite a 4% decline in total sales to $10.06 billion, the company achieved significant margin expansion and narrowed its full-year earnings guidance toward the upper end of previous ranges. Growth was supported by productivity improvements and favorable commercial items, which helped mitigate lower global vehicle production volumes in China and North America.

Key Highlights

  • Total sales of $10.06 billion fell 4% year-over-year, primarily due to lower production and the impact of business divestitures.
  • Adjusted EBIT rose 11% to $683 million, while the Adjusted EBIT margin expanded 90 basis points to 6.8%.
  • Adjusted EPS surged 38% to $1.83, driven by operational efficiencies, lower interest expense, and share repurchases.
  • Management raised its full-year 2026 Free Cash Flow outlook to a range of $1.85 billion to $1.90 billion.
  • The company completed the divestitures of its Lighting North America and Rooftop Systems businesses during the quarter.