PHINIA Q2 sales rise 5.6% to $940 million; net earnings fall to $40 million
PHINIA reported second-quarter 2026 results with net sales up 5.6% to $940 million, while net earnings fell to $40 million and diluted EPS fell to $1.05 from $1.14. Adjusted EBITDA rose to $130 million, and the company refined its full-year 2026 guidance, which it expects to yield net earnings of $155 million to $180 million. The company also agreed on June 30, 2026 to acquire the stoba Group, with closing expected in the fourth quarter of 2026.
Key points
- Net sales were $940 million, up from $890 million a year earlier; excluding currency and the SEM acquisition, sales rose 1.2%.
- Diluted EPS was $1.05 versus $1.14 a year earlier; adjusted diluted EPS was $1.53 versus $1.27.
- Adjusted EBITDA was $130 million, up $4 million, with adjusted EBITDA margin at 13.8%, down 40 basis points.
- 2026 guidance: net sales of $3.57 billion to $3.67 billion, net earnings of $155 million to $180 million, adjusted EBITDA of $485 million to $515 million.
The filing
Written by AI on Nov 8, 2026, 6:56 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 30, 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.