Garrett Motion Lifts 2026 Outlook as Q2 Sales Climb 5% on Robust Turbo Demand

summarizeSummary

Garrett Motion posted Q2 2026 net sales of $976 million, up 5% at constant currency, and raised its full-year outlook. The company also declared a $0.08 dividend and repurchased $28 million in shares.

check_boxKey Events · Earnings and Guidance · GTX

• Q2 Sales Up 5% at Constant Currency

  Net sales reached $976 million, driven by share-of-demand gains in passenger vehicles and strong commercial vehicle and industrial performance.

• Adjusted EBIT Margin Expands to 15.6%

  Adjusted EBIT rose to $152 million from $124 million a year ago, with margin improving 200 basis points on higher volumes and productivity.

• Full-Year 2026 Outlook Raised

  Garrett now expects net sales of $3.7–$3.9 billion, net income of $330–$360 million, and adjusted free cash flow of $385–$475 million, up from prior guidance.

• $0.08 Dividend Declared

  Board declared a cash dividend of $0.08 per share, payable September 15, 2026 to shareholders of record September 1, 2026.

auto_awesomeAnalysis · GTX · Manufacturing

A strong second quarter saw net sales rise 5% at constant currency to $976 million, while adjusted EBIT margin expanded 200 basis points to 15.6%. Reflecting that momentum, the company raised its full-year 2026 guidance across all key metrics—now targeting net sales of $3.7–$3.9 billion and adjusted EBIT of $560–$600 million. A $0.08 per share dividend was declared, and the share repurchase program continued with $28 million bought back in the quarter. The results underscore robust demand across passenger vehicle, commercial vehicle, and industrial turbo applications, as well as progress in electrification programs. The raised guidance and capital returns signal management confidence in sustained growth and cash generation.