Garrett Motion Inc. Reports Second Quarter 2026 Financial Results

Garrett Motion Inc. reported strong financial results for the second quarter ended June 30, 2026. Net sales increased by 5% on a constant currency basis to $976 million, driven by demand gains in passenger vehicles and strong performance in commercial vehicle and industrial sectors. Net income was $101 million, with a net income margin of 10.3%. Adjusted EBIT was $152 million, resulting in an adjusted EBIT margin of 15.6%. The company generated $145 million in net cash from operating activities and $122 million in adjusted free cash flow. Garrett also announced an increase in its full-year 2026 financial outlook, projecting net sales between $3.7 billion and $3.9 billion and adjusted EBIT between $560 million and $600 million. The company secured several new business wins, including turbocharger contracts for light vehicles and commercial applications, and advancements in e-powertrain offerings. A cash dividend of $0.08 per share was declared.