Garrett Motion Reports Strong Second Quarter 2026 Results, Increases 2026 Outlook

Second Quarter 2026 Financial Highlights * Net sales totaled $976 million, up 5% on a constant currency* basis vs prior year, driven by share of demand gains in passenger vehicles and strong performance in commercial vehicle and industrial * Net income totaled $101 million; net income margin of 10.3% * Adjusted EBIT* totaled $152 million; adjusted EBIT margin* of 15.6% * Net cash provided by operating activities totaled $145 million * Adjusted free cash flow* totaled $122 million * Increased 2026 full-year outlook Second Quarter 2026 Business Highlights * Secured multiple turbo wins, including a large light vehicle program in North America and several on- and off-highway commercial vehicle applications in China and India * Won a major award for Garrett MEG used in gensets for data centers, along with several additional genset awards in different regions * Kicked off pre-development of a commercial vehicle e- powertrain with a Japanese truck maker * Secured a production award for industrial air compression, using Garrett’s centrifugal compressor technology PLYMOUTH, Mich. and ROLLE, Switzerland, July 29, 2026 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX) ("Garrett" or the "Company"), a leading automotive and industrial technology provider, today announced its financial results for the three months ended June 30, 2026. Additionally, the Company's Board of Directors declared a cash dividend of $0.08 per share of common stock, payable on September 15, 2026, to shareholders of record as of September 1, 2026.