Lear Q3 revenue rises 2% but slightly misses estimates, adjusted net income beats
LEA•Lear’s third-quarter revenue rose 2% to $5.77 billion, slightly below the $5.81 billion estimate, while adjusted net income climbed 23% to $185 million, beating the $168.32 million estimate. The company forecast 2026 net sales of $23.35 billion to $23.75 billion and core operating earnings of $1.08 billion to $1.2 billion.
1. Quarterly results
Lear reported third-quarter revenue of $5.77 billion, up 2% year over year and slightly below analyst expectations. Adjusted net income rose 23% to $185 million, above the $168.32 million estimate; core operating earnings were $256 million.
2. Outlook and drivers
Lear expects 2026 net sales of $23.35 billion to $23.75 billion and core operating earnings of $1.08 billion to $1.2 billion. It maintained its full-year core operating earnings outlook despite lower revenue and higher input costs. New business wins in Seating and E-Systems, commercial recoveries and restructuring supported earnings, while global vehicle production fell 2% year over year.
3. Share repurchases
The company repurchased $175 million in shares, completing its full-year buyback target.
