Magna International Reports Strong Q2 Results and Raises Full-Year Outlook
Magna International (NYSE:MGA) reported strong second-quarter results for 2026, with sales rising 3% to $11 billion. Adjusted EBIT increased by 16% to $677 million, adjusted EPS climbed 29% to a record $1.86 per share, and free cash flow more than doubled to $617 million compared to the prior year. The company raised its full-year outlook for adjusted EBIT margin (to 6.3%-6.6%), adjusted EPS ($6.70-$7.30), and free cash flow (~$1.8 billion). Magna expects continued outperformance relative to market growth, excluding the Complete Vehicles segment, despite declining global vehicle production. Magna returned $598 million to shareholders in Q2 through dividends and share repurchases, with plans to complete its remaining buyback authorization by early November. The company is also exploring expansion into robotics, automation, and data centers, with more details expected at an investor day event later this year.
Tickers: $MGA
Topics: automotive financial_results operational_performance