Magna Announces Strong Third Quarter Results
Key Highlights
- ➤Adjusted EPS $1.83, up 38% year over year
- ➤Adjusted EBIT $683 million, up 11%, with 6.8% margin
- ➤2026 Free Cash Flow outlook increased to $1.85-$1.90 billion
- ➤2026 sales outlook reduced to $41.2-$42.0 billion
- ➤New NCIB targets repurchasing up to 10% of public float
Expert Statements
Swamy Kotagiri, Chief Executive Officer of Magna International Inc.
“Magna’s strong third-quarter results demonstrate that disciplined execution and operational improvements are driving higher earnings, margins and cash generation. Our year-to-date performance reinforces confidence in our Adjusted EPS outlook and supports a higher Free Cash Flow outlook, enabling us to return meaningful capital to shareholders and continue to invest for future growth. We remain focused on finishing 2026 strong and positioning Magna for success in 2027 and beyond. At our Investor Day on November 11, we look forward to sharing more about our strategic priorities and longer-term outlook.”
Delivered strong third-quarter 2026 results, reflecting continued productivity improvements and disciplined execution. * Sales decreased 4% to $10.1 billion, reflecting lower light vehicle production and impact of divestitures * Income from operations before income taxes increased 17% to $552 million * Adjusted EBIT increased 11% to $683 million, with Adjusted EBIT margin expanding 90 basis points to 6.8% * Diluted earnings per share were $1.44; Adjusted EPS increased 38% to $1.83 * Returned $658 million to shareholders during the quarter through dividends and share repurchases * Reaffirming midpoint of full year Outlook for Adjusted EPS and increasing Free Cash Flow Outlook * Board approved new Normal Course Issuer Bid to repurchase up to 10% of public float over the next 12 months AURORA, Ontario, Oct. 30, 2026 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the third quarter ended September 30, 2026.
Get started
Create a free account to read the full story.