Garrett Motion Q2 net sales rise to $976 million; company raises 2026 outlook
Garrett Motion reported second-quarter 2026 net sales of $976 million, up 7% from $913 million a year earlier (5% at constant currency), and net income of $101 million, up from $87 million. The company raised its full-year 2026 outlook, including adjusted EBIT of $560 million to $600 million, compared with a prior range of $520 million to $600 million, though operating cash flow for the quarter fell to $145 million from $158 million.
Key points
- Q2 2026 net sales were $976 million versus $913 million in Q2 2025; adjusted EBIT rose to $152 million from $124 million, a 15.6% margin.
- Diluted earnings per share were $0.53 versus $0.42 a year earlier.
- Full-year 2026 outlook: net sales of $3.7 billion to $3.9 billion and net income of $330 million to $360 million, both raised at the low end from prior ranges.
- Board declared a cash dividend of $0.08 per share, payable September 15, 2026, to holders of record as of September 1, 2026.
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 29, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.