Lear reports Q3 2026 earnings beat, revenue miss and lowers full‑year revenue outlook
Lear Corporation posted third‑quarter 2026 revenue of $5.8 billion, up 2% year‑over‑year, and net income of $137 million, up 26%. Adjusted earnings per share rose 33% to $3.71, beating analysts’ estimates, while GAAP EPS was $2.74, up 36%. The company reaffirmed its full‑year core operating earnings guidance but cut its full‑year revenue outlook to $23.35‑$23.75 billion, below consensus.
Why it matters
The revenue guidance shortfall caused Lear’s shares to tumble about 15% in pre‑market trading (per investing.com). The earnings beat and continued share‑repurchase program mean cash returns to shareholders will continue, but the lower revenue outlook may pressure future earnings expectations.
Key facts
- 1Revenue of $5.8 billion, an increase of 2% YoY, compared with $5.7 billion in Q3 2025. sec.gov
- 2Net income increased 26% to $137 million versus $108 million in Q3 2025. sec.gov
- 3Adjusted earnings per share of $3.71, a 33% increase YoY. sec.gov
- 4GAAP earnings per share of $2.74, a 36% increase YoY. sec.gov
- 5Full‑year 2026 revenue guidance lowered to $23.35 billion‑$23.75 billion. investing.com
- 6Share repurchase of $175 million completed, reaching the $350 million full‑year target. sec.gov
Summary written by AlphAI AI Desk from 15 of 15 sources. Not investment advice. Figures are as stated by the linked sources.