Magna International Inc. Reports Third Quarter 2026 Financial Results and Announces New Share Repurchase Program

Magna International reported third-quarter 2026 sales of $10.1 billion, down 4% year over year, mainly due to lower light-vehicle production and divestitures. Adjusted EPS rose 38% to $1.83, and the adjusted EBIT margin was 6.8%. The board authorized a share repurchase program of up to 10% of the public float over the next 12 months; management reaffirmed its full-year adjusted EPS outlook and raised its free cash flow guidance.