MGA Filings — Magna International Inc. - FilingSpy
MGA
Magna International Inc.
A maker of automotive parts and systems, Magna International is one of the world's largest auto suppliers. It designs and builds everything from seats and mirrors to complete powertrains for carmakers around the globe. The company began in 1957 when Austrian immigrant Frank Stronach opened a one-man tool-and-die shop in a rented Toronto garage; it took the name Magna—Latin for 'great'—after a 1969 merger. A fun quirk: through its Magna Steyr unit, it assembles entire vehicles for other automakers.
Magna reports Q2 2026 sales up 3% to $11.0B, raises 2026 outlook
Second-quarter sales increased 3% to $11.0 billion, outperforming a 2% decline in global light vehicle production.
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Adjusted EBIT rose 16% to $677 million, with Adjusted EBIT margin expanding 70 basis points to 6.2%.
Adjusted EPS increased 29% to a record $1.86; diluted EPS was $1.72.
Returned $598 million to shareholders in Q2 through dividends and share repurchases; declared a quarterly dividend of $0.495 per share payable August 28, 2026.
Raised full-year 2026 outlook for Adjusted EBIT margin, Adjusted EPS, and Free Cash Flow; updated sales to reflect FX and divestiture timing.
Magna International reports Q2 2026 net income of $479 million, sales of $10.98 billion
Net income attributable to Magna was $469 million, or $1.72 diluted EPS, compared to $379 million, or $1.35, in Q2 2025.
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Q2 2026 sales were $10,980 million, up from $10,631 million in Q2 2025.
Adjusted EBIT was $677 million in Q2 2026, up from $583 million in Q2 2025.
The company recorded a $485 million impairment loss in Q1 2026 and $13 million in Q2 2026 related to held-for-sale Lighting and Rooftop Systems businesses.
The sale of the European Lighting business closed on June 29, 2026, with a $2 million gain; other divestitures expected to close in H2 2026.
Magna shareholders elect all 12 directors, reappoint Deloitte, and approve Say on Pay at 2026 annual meeting.
All 12 director nominees were elected, with votes for ranging from 96.43% to 99.64%.
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Magna International Inc. held its 2026 annual meeting of shareholders on May 4, 2026, with 79.21% of outstanding shares represented.
Deloitte LLP was reappointed as independent auditor with 98.57% votes for.
The advisory Say on Pay resolution was approved with 89.66% votes for.
Following the meeting, the Board confirmed Robert F. MacLellan as Chair, Mary Lou Maher as Audit Committee Chair, and V. Peter Harder as Governance Committee Chair; William A. Ruh and Matthew Tsien were appointed as new committee chairs.
Magna reports Q1 2026 sales up 3% to $10.4B, adjusted EPS up 77% to $1.38
Sales increased 3% to $10.4 billion in Q1 2026 despite a 7% decline in global light vehicle production.
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Adjusted EBIT rose 58% to $558 million, with margin expanding 190 basis points to 5.4%.
Reported net loss attributable to Magna was $12 million, including a $485 million loss on assets held for sale related to Lighting and Rooftop Systems dispositions.
Adjusted EPS increased 77% to $1.38, and free cash flow was $372 million.
Board declared a quarterly dividend of $0.495 per share, payable May 29, 2026; 2026 outlook largely unchanged.
Magna International reports Q1 2026 net loss of $1 million on sales of $10.381 billion
Diluted loss per share was $0.04, versus diluted earnings per share of $0.52 in the prior year quarter.
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Q1 2026 sales were $10.381 billion, up from $10.069 billion in Q1 2025.
Net loss attributable to Magna was $12 million, compared to net income of $146 million in Q1 2025.
Adjusted EBIT was $558 million, up from $354 million in Q1 2025; Adjusted EPS was $1.38, up from $0.78.
The company recorded a $485 million impairment loss on assets held for sale related to planned divestitures of its European Lighting and Rooftop Systems businesses, and a $108 million unrealized gain from revaluation of its Waymo investment.
Magna International announces availability of 2025 Annual Report and 2026 virtual shareholder meeting
Magna International Inc. announced on March 27, 2026 that its 2025 Annual Report, including MD&A, audited consolidated financial statements, AIF, and Form 40-F, is available on its website.
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The documents have been filed with Canadian Securities Administrators and the U.S. SEC.
The 2026 Annual Meeting of Shareholders will be held virtually on May 4, 2026 at 10:00 a.m. EDT.
Shareholders can request a free paper copy of the audited financial statements via Magna's website or in writing.
Magna is one of the world's largest automotive suppliers, operating in 28 countries.
Magna reports 2025 adjusted EPS of $5.73, up 6% from 2024, despite 2% sales decline to $42.0B
Total sales declined 2% to $42.0 billion in 2025, reflecting lower vehicle production in North America and Europe, partially offset by new program launches and currency tailwinds.
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Adjusted EBIT increased to $2.4 billion, with adjusted EBIT margin up 20 basis points to 5.6%; diluted EPS was $2.93 and adjusted diluted EPS was $5.73.
Cash generated from operating activities was $3.6 billion; the company returned $681 million to shareholders via $544 million in dividends and $137 million in share repurchases.
The Board increased the quarterly dividend to $0.495 per share, marking the 16th consecutive year of dividend increases, and approved a new NCIB to buy up to 25.3 million common shares.
Magna raised €575 million and $400 million in Senior Notes, largely to refinance $950 million in Senior Notes repaid in 2025.