The automotive technology leader saw its adjusted earnings per share climb to $4.28, a 23% jump compared to the same period last year. CEO Ray Scott credited the performance to new business acquisitions, specifically noting conquest awards with Audi and a strategic expansion into South America via a partnership with Leapmotor. Lear’s E-Systems segment also showed marked improvement, with adjusted margins rising to 5.8% from 4.9% a year ago.
In section Releases
Lear Corporation Raises 2026 Outlook After Strong Second Quarter
Southfield-based automotive supplier Lear Corporation reported a 3% revenue increase to $6.2 billion for the second quarter of 2026, prompting the company to raise its full-year financial guidance. The results underscore a period of resilient growth despite stagnant global vehicle production levels across key regional markets.
Financial strength during the quarter allowed for a $100 million share repurchase program and consistent dividend payments. While global vehicle production remained largely flat—with declines in Europe and China offsetting domestic stability—Lear’s focus on automation and digital tools, highlighted by its new Advanced Manufacturing Integration Center in Rochester Hills, continues to bolster its competitive standing. The company now anticipates full-year net sales between $23.5 billion and $24 billion, reflecting confidence in its current trajectory.
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