Dana Q3 sales rise 6%, beat analyst expectations
DAN•Dana’s Q3 sales rose 6% to $2 billion, beating the $1.97 billion analyst consensus, while adjusted net income was $44 million. The company raised its 2026 sales outlook to $7.75 billion-$7.85 billion and plans to repurchase another $100 million of shares in Q4.
1. Quarterly results
Dana reported Q3 sales of $2 billion, up 6% and above the $1.97 billion analyst consensus. Adjusted net income was $44 million, net income was $15 million and adjusted EBITDA was $218 million. Operating cash flow totaled $102 million.
2. Outlook and buybacks
Dana raised its 2026 sales guidance to $7.75 billion-$7.85 billion from its prior outlook. It maintained adjusted EBITDA guidance of $800 million-$850 million and diluted adjusted EPS guidance of $1.75-$2.25. The company repurchased $200 million in shares and plans to repurchase another $100 million in Q4.
3. Sales and margin drivers
Dana attributed higher Q3 sales to stronger commercial vehicle demand, backlog conversion, and commercial and cost-recovery actions. It said cost-saving actions, operational efficiency and commercial initiatives improved margins, and reported $60 million in year-to-date cost savings.
