Lear Reports Strong Q2 Results with Raised Full-Year Outlook
Lear Corporation (NYSE:LEA) reported strong second-quarter results on July 31, 2026. Sales rose to $6.2 billion, up 3% year-over-year, driven by seating segment growth and operational improvements despite weaker production trends in China and parts of Europe. Adjusted earnings per share increased 23% to $4.28, while free cash flow surged 69% to $288 million. The company raised its full-year revenue outlook to approximately $23.8 billion with core operating earnings expected at around $1.14 billion and free cash flow of about $640 million. However, management warned of second-half headwinds from China's production slowdowns, seasonal shutdowns, and General Motors' truck changeover. Lear also highlighted automation initiatives and new business awards as key growth drivers. The company secured over $2.9 billion in year-to-date awards and increased its share repurchase target to at least $350 million for 2026.
Topics: automotive financial_results operational_performance