Magna delivers solid quarter as sales rise to $11 billion

• Magna reported second-quarter 2026 sales of $11 billion, up 3% year over year.
• Adjusted EBIT increased 16% to $677 million, while free cash flow more than doubled to $617 million.
• The company raised its 2026 outlook for margins, adjusted EPS and free cash flow.

Magna (NYSE:MGA) reported second-quarter 2026 sales of $11 billion, up 3% year over year, outperforming a 2% decline in global light vehicle production.

Adjusted EBIT increased 16% to $677 million, with adjusted EBIT margin expanding to 6.2% from 5.5%, while adjusted EPS reached a record $1.86.

Magna generated $617 million in free cash flow during the quarter, returned $598 million to shareholders through dividends and share repurchases, and bought back 15 million shares during the first half of 2026.

The company raised its 2026 outlook for adjusted EBIT margin to 6.3%–6.6%, adjusted EPS to $6.70–$7.30 and free cash flow to $1.75 billion–$1.85 billion.

For the first half of 2026, Magna reported sales of $21.4 billion, up 3% year over year, while adjusted EBIT increased 32% to $1.24 billion.

The company supplies automotive systems and components globally, with operations focused on vehicle production, electrification, advanced driver assistance systems and manufacturing services.