Lear Crushes Q2 Estimates, Raises 2026 Outlook on Strong Auto Demand
LEA sits 60% above its 52-week low of $91.67.
Summary
Lear delivered a strong Q2 beat with revenue of $6.21B and adjusted EPS of $4.28, topping consensus by $110M and $0.32 respectively. The company raised its full-year 2026 guidance across the board—net sales now seen at $23.54B-$24.01B, core operating earnings at $1.08B-$1.2B, and free cash flow at $590M-$690M. Growth was driven by new business awards and commercial recoveries, while $100M in share buybacks boosted EPS. This follows a solid Q1 and a positive 2026 outlook laid out in February, reinforcing the upward trajectory. The stock is trading near its 52-week high, and the raised guidance suggests further momentum.
At the time of this announcement, LEA was trading at $146.50 on NYSE in the Manufacturing sector, with a market capitalization of approximately $7.3B. The 52-week trading range was $91.67 to $150.33. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.