MGA

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Magna's Q2 earnings beat estimates as Power & Vision margin expansion and productivity gains supported higher profit and raised 2026 guidance.

Magna International NYSE: MGA reported stronger second-quarter results for 2026, citing operational improvements, margin expansion and cash generation that led the automotive supplier to raise its full-year outlook.

While the top- and bottom-line numbers for Magna (MGA) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Magna (MGA) came out with quarterly earnings of $1.86 per share, beating the Zacks Consensus Estimate of $1.53 per share. This compares to earnings of $1.44 per share a year ago.

Highlights (1) Delivered strong second-quarter 2026 results, reflecting profitable sales growth, continued productivity improvements and disciplined execution. Sales increased 3% to $11.0 billion, outperforming a 2% decline in global light vehicle production Income from operations before income taxes increased 21% to $599 million Adjusted EBIT increased 16% to $677 million, with Adjusted EBIT margin expanding 70 basis points to 6.2% Diluted earnings per share were $1.72; Adjusted EPS increased 29% to $1.86, a record for the second quarter Returned $598 million to shareholders during the quarter through dividends and share repurchases Raised full year Outlook for Adjusted EBIT margin, Adjusted EPS and Free Cash Flow, with Sales updated to reflect foreign exchange impacts and divestiture timing AURORA, Ontario, July 31, 2026 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the second quarter ended June 30, 2026.

New 250kW 800V 2-speed eDrive program award highlights Magna's advanced electrification capabilities Program to be produced at Magna's new Wuhu facility, supporting localized execution in China Momentum continues with dedicated hybrid drive system now in series production with Chery on the Jetour G700 AURORA, Ontario, July 28, 2026 (GLOBE NEWSWIRE) -- Magna today announced it has secured an 800-volt electric drive (eDrive) program award with Chery, marking a key milestone in the company's advanced electrification strategy in China. The program will be produced at Magna's new Wuhu facility, reinforcing the company's ability to bring next generation electric drive technologies into localized production for leading Chinese OEMs.

Magna (MGA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.