Earnings Releases·Oct 30, 2026, 7:15 AM ET

Lear Corporation — Third Quarter 2026 Earnings Summary

Revenue rose 2% year-over-year to $5.8 billion, while net income and adjusted net income increased 26% and 23% respectively to $137 million and $185 million; EPS and adjusted EPS grew 36% and 33% to $2.74 and $3.71.
The company maintained full-year 2026 core operating earnings guidance of $1.08 billion to $1.20 billion despite adjusting for changing production schedules and a projected 1% decline in global industry production.
Lear repurchased $175 million of shares in Q3 to meet its full-year target and expanded its share repurchase authorization by $1.5 billion through December 31, 2029, while paying $38 million in dividends.
Both Seating and E-Systems segments outperformed the market with 40 and 120 basis points of growth respectively, supported by new awards including a major complete seat program in India and multiple wins in China and North America.
Free cash flow declined 49% to $158 million and operating cash flow fell 26% to $329 million, driven by lower production on key platforms and increased engineering and launch costs.