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Magna International reports developments in its automotive-supply business, including financial results tied to global light vehicle production, vehicle program launches, product mix, tariffs, foreign exchange, engineering revenue and complete vehicle assembly volumes. The company supplies automakers across North America, Europe and China with manufacturing expertise and vehicle systems spanning areas such as powertrain, electronics, body and chassis, seating, closures, electric vehicle systems and contract assembly.
Recurring updates also cover electrification and hybrid-drive products such as DHD REX for range-extended electric vehicles, shareholder returns through dividends and repurchases, annual report materials, annual meeting results, board elections, auditor appointments and other governance matters.
Magna (NYSE:MGA) reported second-quarter 2026 sales of $11.0 billion, up 3% year over year, outpacing a 2% decline in global light vehicle production. Adjusted EBIT rose 16% to $677 million, with margin expanding 70 basis points to 6.2%. Diluted EPS were $1.72, while record second-quarter Adjusted EPS increased 29% to $1.86. Free Cash Flow more than doubled to $617 million.
For the first half of 2026, sales grew 3% to $21.4 billion and Adjusted EBIT rose 32% to $1.24 billion, though reported income from operations before income taxes declined 5% due to higher Other expense and amortization. Magna returned $598 million to shareholders in Q2 via dividends and buybacks and repurchased 15.0 million shares year to date. The company raised its 2026 outlook for Adjusted EBIT margin (6.3–6.6%), Adjusted EPS ($6.70–$7.30), and Free Cash Flow ($1.75–$1.85 billion), while modestly trimming sales guidance primarily for foreign exchange and divestiture timing.
Magna (NYSE:MGA) announced it has secured an 800V, 250kW 2-speed eDrive program award with Chinese automaker Chery, a key step in Magna’s electrification strategy in China. The system, based on Magna’s modular electrification portfolio, is designed for high power density, energy efficiency and scalable integration across battery electric vehicle platforms.
The new eDrive program will be produced at Magna’s new Wuhu facility, supporting localized manufacturing for Chinese OEMs. Magna also reported that its DHD Duo dedicated hybrid drive with Chery on the Jetour G700, first announced in 2024, has now reached series production in China.
Magna (NYSE:MGA) will host a second quarter 2026 results webcast on Friday, July 31, 2026 at 8:00 AM ET. Investors can join via live audio webcast or phone dial-in, with a slide presentation available on Magna's investor website and a replay accessible until August 7, 2026.
Magna (NYSE:MGA) announced it has been awarded a Driver and Occupant Monitoring System (DMS/OMS) program with a European automaker. The win expands deployment of Magna’s mirror‑integrated DMS/OMS across global vehicle platforms.
The system uses a behind‑the‑glass camera, consolidating sensing, illumination, electronics and software into a single mirror unit, designed to support scalable, software‑defined, centralized vehicle architectures and future feature expansion.
Magna (TSX: MG; NYSE: MGA) reported results from its May 4, 2026 annual meeting. 218,968,145 shares (79.21% outstanding) were represented. All 12 director nominees were elected with voting support ranging from 96.43% to 99.64%. Deloitte was reappointed auditor and the Say on Pay advisory vote passed with 89.66% support. The Board confirmed Robert F. MacLellan as Chair and announced several committee chair appointments effective immediately; Dr. Indira V. Samarasekera retired after 12 years.
Magna (NYSE: MGA) reported Q1 2026 results: sales $10.4 billion (up 3% YoY), Adjusted EBIT $558 million (up 58%), and Adjusted EPS $1.38 (up 77%). GAAP net loss was $12 million, including a $485 million pre-tax loss on assets held for sale. Returned $575 million to shareholders.
Management maintained full-year 2026 guidance: $41.5–$43.1B sales, Adjusted EPS $6.25–$7.25, and Free Cash Flow $1.6–$1.8B.
Magna International (TSX:MG, NYSE:MGA) will webcast its First Quarter 2026 results on Friday, May 1, 2026 at 8:00 AM ET. Registration and live audio webcast details are provided, with a slide presentation available on the investor website and a replay accessible until May 8, 2026.
Magna (NYSE: MGA) has signed definitive agreements to divest its Lighting and Rooftop Systems businesses, which together generated approximately $1.1 billion in global sales in 2025 ($1.0 billion Lighting; $100 million Rooftop Systems).
Three separate transactions are expected to close in the second half of 2026, subject to customary closing conditions and regulatory approvals. Magna said it does not expect these divestitures to affect its 2026 adjusted diluted EPS outlook.
Magna (TSX: MG, NYSE: MGA) announced its 2025 Annual Report, Management’s Discussion and Analysis, Audited Consolidated Financial Statements, Annual Information Form and Form 40-F are now available online.
The company also filed these documents with Canadian and U.S. regulators and will hold a virtual-only Annual Meeting on May 4, 2026 at 10:00 a.m. EDT. Shareholders may request a free paper copy of audited financial statements via the company website or by writing to the corporate secretary.
Magna (NYSE:MGA) on March 24, 2026 unveiled DHD REX, a dedicated hybrid drive for range‑extended electric vehicles designed to provide electric-like driving, instant torque, and seamless range extension.
The modular, single‑motor architecture targets B–E segments in AWD layouts, offers electric, generating and optional parallel hybrid modes, and emphasizes reduced size, weight, and system cost for easier OEM integration worldwide.