Magna publishes Q3 2026 results webcast transcript
MGA•Magna reported third-quarter sales down 4% to $10.1 billion and adjusted EPS up 38% to $1.83. It narrowed full-year adjusted EPS guidance to $6.85-$7.15 and raised free cash flow expectations to $1.85 billion-$1.9 billion.
1. Quarterly results and outlook
Magna International's October 30 webcast featured CEO Swamy Kotagiri, CFO Phil Fracassa and investor relations vice president Louis Tonelli. The company said full-year sales expectations declined on weaker China production and unfavorable program mix, while adjusted EBIT margin guidance narrowed to 6.3%-6.5%. Adjusted EPS guidance narrowed to $6.85-$7.15, retaining its $7 midpoint, and free cash flow expectations increased to $1.85 billion-$1.9 billion. Fracassa expects roughly $500 million in EV-related cash recoveries this year, which will not repeat in 2027.
