Dana Q2 Earnings Beat, Raises 2026 Guidance, Restarts $200M Buyback
DAN sits 76% above its 52-week low of $16.19.
Summary
Dana reported Q2 adjusted EBITDA of $207M (10.3% margin), raised 2026 guidance, and restarted its buyback with plans for ~$200M in additional repurchases. The Eaton Mobility deal is progressing toward a Q1 2027 close.
Key Events · Earnings and Guidance · DAN
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Q2 Earnings Beat
Sales of $2.01B, adjusted EBITDA of $207M (10.3% margin), and adjusted EPS of $0.19 — all significantly above prior-year levels.
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Full-Year Guidance Raised
2026 sales outlook increased by $225M to ~$7.75B, adjusted EBITDA raised by $25M to ~$825M, and adjusted EPS guided to ~$2.00.
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Buyback Restarted
Repurchased $44M in Q2, $169M YTD; plans an additional ~$200M in 2026, with $819M program-to-date toward the $2B authorization.
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Eaton Mobility Deal Progress
Transaction now structured as a tax-free split-off; on track to close in Q1 2027, with at least $250M in run-rate cost synergies identified.
Analysis · DAN · Manufacturing
A strong second quarter saw adjusted EBITDA reach $207 million, driving a 270-basis-point margin expansion to 10.3%, while the full-year sales and profit outlook moved higher. Confidence in cash generation and shareholder returns is underscored by the restart of the buyback, with an additional $200 million planned before year-end. Strategic upside remains on the horizon as the Eaton Mobility transaction progresses toward a Q1 2027 close under a tax-free split-off structure.
At the time of this filing, DAN was trading at $28.51 on NYSE in the Manufacturing sector, with a market capitalization of approximately $3B. The 52-week trading range was $16.19 to $39.56. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.