Lear Corporation — Third Quarter 2026 Earnings Summary

Lear Corporation reported third-quarter 2026 revenue of $5.8 billion, representing a 2% year-over-year increase, while net income rose 26% to $137 million. Core operating earnings grew 6% to $256 million, driven by positive performance in both Seating and E-Systems segments despite a 2% decline in global vehicle production. The company secured significant new business awards, including complete seat programs with North American, Indian, Chinese, and European automakers, and expanded its E-Systems portfolio with conquest awards in Europe and China. Lear repurchased $175 million of shares during the quarter, achieving its full-year target, and maintained a cash position of $889 million with total liquidity of $2.9 billion. The company adjusted its 2026 financial outlook to reflect changing production schedules but expects to meet its full-year core operating earnings guidance range of $1.08 billion to $1.20 billion.