Magna International Q3 Adjusted Earnings Rise, Sales Fall; 2026 Outlook Updated
MT newswire2026/10/30 09:32Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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05:32 AM EDT, 10/30/2026 (MT Newswires) -- Magna International (MGA) reported Q3 adjusted earnings Friday of $1.83 per share, up from $1.33 a year earlier. Analysts polled by FactSet expected $1.60. Sales for the quarter ended Sept. 30 were $10.06 billion, compared with $10.46 billion a year earlier. Analysts expected $10.19 billion. For 2026, the company now expects adjusted EPS of $6.85 to $7.15, compared with its prior guidance range of $6.70 to $7.30. Analysts are looking for $7.12. Magna now projects full-year revenue at $41.2 billion to $42 billion, compared with its previous outlook range of $41.3 billion to $42.5 billion. Analysts expect $42.32 billion.
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