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Get filing alertsLear reports Q2 revenue up 3% to $6.2B, raises full-year guidance, repurchases $100M
Filed July 31, 2026 · Period ending July 31, 2026 · ~1 min read
Key Changes
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Q2 2026 revenue rose 3% YoY to $6.2B; adjusted EPS increased 23% to $4.28 from $3.47, reflecting higher earnings and share repurchases.
Exhibit 99.1 view on EDGAR → -
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Raised full-year 2026 guidance: net sales $23.54B-$24.01B, core operating earnings $1.08B-$1.20B, free cash flow $590M-$690M.
Exhibit 99.1 view on EDGAR → -
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Q2 free cash flow surged 69% to $288M; repurchased $100M of shares (735,873 shares) and paid $39M in dividends.
Exhibit 99.1 view on EDGAR → -
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E-Systems segment margins improved to 5.4% (adjusted 5.8%) from 3.5% (adjusted 4.9%) in Q2 2025; Seating adjusted margins flat at 6.7%.
Exhibit 99.1 view on EDGAR → -
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Won significant new business: complete seat awards with Audi and Leapmotor; wire awards with Chinese automakers, Renault, and Stellantis.
Exhibit 99.1 view on EDGAR →
Summary
Lear delivered solid second-quarter results with revenue growth of 3% to $6.2 billion and adjusted earnings per share up 23% to $4.28, driven by higher profitability and the benefit of ongoing share repurchases. The company generated strong free cash flow of $288 million, up 69% year-over-year, enabling $100 million in share buybacks during the quarter. Management raised full-year 2026 guidance across most metrics, now expecting core operating earnings of $1.08 billion to $1.20 billion and free cash flow of $590 million to $690 million, despite assuming a roughly 2% decline in global industry production on a sales-weighted basis.
The E-Systems segment showed notable margin improvement, with adjusted margins expanding to 5.8% from 4.9% in the prior year, while Seating maintained stable adjusted margins at 6.7%. New business wins included complete seat awards with Audi in Europe and North America and with Leapmotor in South America, plus wire awards with Chinese automakers and European customers. The combination of margin expansion, strong cash generation, and capital returns to shareholders demonstrates operational execution in a challenging production environment.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Lear Corporation reported Q2 2026 financial results and updated its full-year 2026 financial outlook.
Added in current filing · verify on EDGAR →
On July 31, 2026, Lear Corporation issued a press release reporting financial results for the second quarter of 2026 and updating its financial outlook for the full year 2026.
Lear Corporation disclosed its second quarter 2026 financial results and provided an updated financial outlook for the full year 2026. The specific financial metrics, revenue figures, earnings per share, and guidance details are contained in the press release furnished as Exhibit 99.1, which is not included in this 8-K body.
Event · Exhibit 99.1
Lear reported Q2 2026 revenue of $6.2B (+3% YoY), raised full-year guidance, and repurchased $100M of shares.
Added in current filing · view on EDGAR →
Revenue of $6.2 billion, an increase of 3%, compared to $6.0 billion in the second quarter of 2025
•Net income of $193 million and adjusted net income of $217 million, compared to $165 million and $188 million, respectively, in the second quarter of 2025
•Core operating earnings of $313 million, an increase of 7%, compared to $292 million in the second quarter of 2025
•Earnings per share of $3.79 and adjusted earnings per share of $4.28, compared to $3.06 and $3.47, respectively, in the second quarter of 2025
Lear reported second quarter 2026 revenue of $6.2 billion, up 3% year-over-year. Net income rose 17% to $193 million, while adjusted net income increased 16% to $217 million. Core operating earnings grew 7% to $313 million. Earnings per share increased 24% to $3.79 and adjusted EPS rose 23% to $4.28, reflecting higher earnings and the benefit of share repurchases.
Added in current filing · view on EDGAR →
We have increased the midpoints and narrowed the ranges of our 2026 financial outlook across most metrics. ... Our 2026 financial outlook is summarized below:
Full Year 2026 Financial Outlook
Net Sales $23,540 million - $24,010 million
Core Operating Earnings $1,080 million - $1,200 million
Adjusted EBITDA $1,700 million - $1,820 million
Restructuring Costs ≈$175 million
Operating Cash Flow $1,250 million - $1,350 million
Capital Spending ≈$660 million
Free Cash Flow $590 million - $690 million
Lear raised the midpoints and narrowed the ranges of its full-year 2026 financial outlook. The company now expects net sales of $23.54 billion to $24.01 billion, core operating earnings of $1.08 billion to $1.20 billion, and free cash flow of $590 million to $690 million. The guidance assumes global industry production will decrease approximately 2% on a Lear sales-weighted basis.
Added in current filing · view on EDGAR →
Net cash provided by operating activities increased 55% to $461 million and free cash flow increased 69% to $288 million, compared to $296 million and $171 million, respectively, in the second quarter of 2025
•Repurchased $100 million of shares and paid $39 million in dividends
•Cash and cash equivalents at quarter-end of $1.0 billion and total liquidity of $3.0 billion
Lear generated $461 million in operating cash flow in Q2 2026, up 55% year-over-year, and free cash flow of $288 million, up 69%. The company repurchased $100 million of shares (735,873 shares) and paid $39 million in dividends. Cash and cash equivalents totaled $1.0 billion at quarter-end, with total liquidity of $3.0 billion.
Added in current filing · view on EDGAR →
In the Seating segment, margins and adjusted margins were 6.2% and 6.7% of sales, respectively, a decrease from 6.4% and flat compared to 6.7%, respectively, in 2025. In the E-Systems segment, margins and adjusted margins were 5.4% and 5.8% of sales, respectively, an increase from 3.5% and 4.9%, respectively, in 2025.
Seating segment margins were 6.2% (adjusted 6.7%), down from 6.4% reported margin but flat on an adjusted basis versus Q2 2025. E-Systems segment margins improved to 5.4% (adjusted 5.8%), up from 3.5% (adjusted 4.9%) in the prior year, reflecting stronger operational performance.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 3, 2026 · How we verify