Garrett Motion Inc. Q1 2026 Financial Results and 2026 Outlook

Garrett Motion Inc. reported strong first-quarter 2026 financial results, with net sales of $985 million, a 12% increase year-over-year (6% on a constant currency basis). This growth was driven by increased demand in passenger vehicles, commercial vehicles, and industrial applications, as well as aftermarket sales. The company's net income was $95 million, with a net income margin of 9.6%. Adjusted EBIT was $151 million, resulting in an Adjusted EBIT margin of 15.3%. Net cash provided by operating activities was $98 million, and adjusted free cash flow was $49 million. The company also announced a quarterly cash dividend of $0.08 per share. Garrett Motion is raising its full-year 2026 financial outlook, projecting net sales between $3.6 billion and $3.9 billion, and Adjusted EBIT between $520 million and $600 million. This revised outlook reflects positive market trends and the company's strategic initiatives, including securing new business in light vehicle turbo programs, commercial vehicle applications, and E-Powertrain technologies.