Lear raises 2026 net sales outlook to $23.54 bln-$24.01 bln
Company expects 2026 core operating earnings of $1.08 bln-$1.2 bln
Lear anticipates 2026 free cash flow of $590 mln-$690 mln
Overview
U.S. auto seating and E-Systems supplier's Q2 revenue rose 3%, beating analyst expectations
Adjusted EPS for Q2 rose 23% year-over-year and beat analyst expectations
Company repurchased $100 mln of shares and raised full-year guidance
Analyst coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"
Wall Street's median 12-month price target for Lear Corp is $147.50, about 0.8% below its July 30 closing price of $146.33
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago
Result Drivers and Key Details
NEW BUSINESS AWARDS - Co said Q2 revenue growth was driven by significant new and conquest awards in Seating and E-Systems segments
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