Magna Announces Strong Second Quarter Results; Raises Outlook for 2026

Delivered strong second-quarter 2026 results, reflecting profitable sales growth, continued productivity improvements and disciplined execution. * Sales increased 3% to $11.0 billion, outperforming a 2% decline in global light vehicle production * Income from operations before income taxes increased 21% to $599 million * Adjusted EBIT increased 16% to $677 million, with Adjusted EBIT margin expanding 70 basis points to 6.2% * Diluted earnings per share were $1.72; Adjusted EPS increased 29% to $1.86, a record for the second quarter * Returned $598 million to shareholders during the quarter through dividends and share repurchases * Raised full year Outlook for Adjusted EBIT margin, Adjusted EPS and Free Cash Flow, with Sales updated to reflect foreign exchange impacts and divestiture timing AURORA, Ontario, July 31, 2026 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the second quarter ended June 30, 2026.