Magna International Reports Q3 Earnings Beat and Narrows FY2026 Outlook
Magna International (MGA) reported third-quarter non-GAAP earnings per share of $1.83, exceeding analyst expectations by $0.23. While revenue for the quarter reached $10.1 billion—a 3.4% year-over-year decline—the figure was in line with market consensus. The company provided a narrowed guidance outlook for fiscal year 2026, adjusting its sales forecast to a range of $41.2B–$42.0B and revising adjusted EPS expectations to $6.85–$7.15. Despite the tighter revenue and margin ranges, Magna raised its free cash flow outlook to between $1.85B and $1.90B.
Tickers: $MGA
Topics: earnings beat EPS outlook free cash flow revenue guidance