Magna Q1 Sales Rise 3% to $10.38bn as Adjusted EBIT Jumps 58%
MGA•Magna International’s first-quarter revenue rose 3% to US$10.38bn, aided by $520m in currency gains despite a 7% drop in global light vehicle output. Adjusted EBIT climbed 58% to $558m and margin widened to 5.4%, yet pre-tax income fell to $87m and net loss reached $12m as full-year targets were maintained.
1. Q1 Revenue Growth and Production Decline
Magna International reported first-quarter revenues of US$10.38bn, a 3% increase despite a 7% decline in global light vehicle production. The revenue rise was supported by $520m in favourable currency movements and new programme launches, offsetting weaker production in key markets.
2. Adjusted Profit Improvement
Adjusted EBIT rose 58% to $558m, driving the margin up 190 basis points to 5.4%, underpinned by productivity gains, higher equity income and reduced warranty costs. Pre-tax income from operations fell to $87m from $225m a year earlier due to one-off asset losses.
3. Asset Disposals and Net Loss
A $485m pre-tax loss on assets held for sale related to planned disposals of the Lighting and Rooftop Systems businesses led to a net loss of $12m, compared with net income of $146m in the prior-year quarter. These disposals are part of a strategic portfolio refinement.
4. Full-Year Guidance and Risks
Magna maintained its 2026 guidance, forecasting sales of $41.5bn to $43.1bn and an adjusted EBIT margin of 6% to 6.6%. Management highlighted sensitivity to vehicle production volumes, customer and programme mix, supply chain dynamics, commodity costs and broader macroeconomic conditions.
