Lear Corporation filed an 8-K press release on October 30, 2026, reporting third quarter 2026 financial results, including a 26% increase in net income and the completion of its full-year $350 million share repurchase target.

Key Highlights

  • Revenue of $5.8 billion in Q3 2026, up 2% from $5.7 billion in Q3 2025, according to the filing.
  • Net income rose 26% to $137 million, compared to $108 million in the third quarter of 2025.
  • Earnings per share of $2.74 and adjusted earnings per share of $3.71, up from $2.02 and $2.79, respectively, a year ago.
  • Core operating earnings of $256 million, an increase of 6% from $241 million in Q3 2025, representing 4.4% of sales.
  • 1,375,917 shares repurchased during Q3 2026 for a total of $175 million, completing the full-year repurchase target of $350 million.
  • Share repurchase authorization expanded to $1.5 billion, extended through December 31, 2029, the filing disclosed.
  • Full-year 2026 net sales outlook set at $23,350 million to $23,750 million, with core operating earnings guidance of $1,080 million to $1,200 million.

Lear Corporation Third Quarter 2026 Financial Results and Segment Performance

Lear Corporation (NYSE:LEA) reported third quarter 2026 sales of $5,773.0 million, compared to $5,679.8 million in the same period of 2025, according to the filing. Sales excluding the impact of commodities, foreign exchange, and tariff recoveries were also up 2%, "reflecting the addition of new business and commercial recoveries, partially offset by lower production on key Lear platforms and the wind-down of non-core electronics programs," the company disclosed. Global vehicle production was down 2% compared to a year ago, with North America down 5%, Europe up 1%, and China down 7%, based on Mobility Global estimates cited in the filing.

In the Seating segment, margins were 5.5% and adjusted margins were 6.3% of sales, compared to 5.6% and 6.1%, respectively, in 2025. In the E-Systems segment, margins were 3.5% and adjusted margins were 4.8% of sales, up from 2.9% and 4.2%, respectively, in 2025, the filing reported. Net cash provided by operating activities was $329 million and free cash flow was $158 million, decreasing from $444 million and $307 million, respectively, in Q3 2025. Cash and cash equivalents at quarter-end stood at $889 million with total liquidity of $2.9 billion.

The filing noted new business awards in Seating, including programs with Mahindra and Mahindra in India, a Chinese luxury EV automaker, BYD in Indonesia and Thailand, a ComfortFlex award with Mercedes, and ComfortMax Seat and FlexAir awards with JLR. In E-Systems, a conquest award on a commercial and passenger van with a North American automaker in Europe was disclosed, along with multiple conquest and new wire awards in China. The company stated its 2026 outlook excludes "any future impact of potential changes to tariffs or Company or industry-wide production disruptions."

What Was Disclosed

Lear Corporation disclosed Q3 2026 earnings showing a 26% rise in net income to $137 million, completion of the $350 million full-year share repurchase target, and a 2026 full-year outlook with net sales of $23,350 million to $23,750 million and free cash flow of $565 million to $665 million.