Lear posts transcript of Q2 2026 earnings call

Q2 sales rose 3% to USD 6.2 billion; core operating earnings increased to USD 313 million; adjusted EPS climbed to USD 4.28; free cash flow reached USD 288 million.

Management flagged China demand weakness as the main swing factor; expected limited growth in 2027, then stronger growth in 2028-2029.

Raised 2026 midpoint outlook: revenue USD 23.8 billion, core operating earnings USD 1.14 billion, free cash flow USD 640 million; tariff changes affected revenue mechanically.

Share repurchase target lifted to at least USD 350 million; USD 175 million bought back in H1, including USD 100 million in Q2.

Lear released the transcript of its Q2 2026 earnings call attended by CEO Raymond Scott, CFO Jason Cardew, IR VP Timothy Brumbaugh, analysts.