Magna Announces Strong First Quarter Results; Maintains Positive Outlook for 2026

Highlights (1) Delivered strong first-quarter 2026 results, reflecting sales growth, disciplined execution, and improved operating performance. Sales increased 3% to $10.4 billion, despite a 7% decline in global light vehicle production Income from operations before income taxes was $87 million, including a $485 million loss on assets held for sale related to the announced dispositions of our Lighting and Rooftop Systems businesses within Power & Vision Adjusted EBIT increased 58% to $558 million, with Adjusted EBIT margin expanding 190 basis points to 5.4% Diluted loss per share was $0.04; Adjusted EPS increased 77% to $1.38 Returned $575 million to shareholders through share repurchases and dividends 2026 Outlook largely unchanged AURORA, Ontario, May 01, 2026 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the first quarter ended March 31, 2026.