Magna International Inc. Q1 2026 Financial Review

Magna International Inc. has released its Q1 2026 financial results, reporting total sales of $10,381 million for the first quarter of 2026. The company's sales are broken down by segment: Body Exteriors & Structures ($4,079 million), Power & Vision ($3,881 million), Seating Systems ($1,340 million), and Complete Vehicles ($1,224 million). Cost of goods sold amounted to $8,958 million, with selling, general, and administrative expenses at $557 million. The company reported an Adjusted EBITDA of $961 million and an Adjusted EBIT of $558 million for Q1 2026. Net income attributable to Magna International Inc. was a loss of $12 million, resulting in a diluted loss per common share of $(0.04). The company ended the quarter with $1,628 million in cash, cash equivalents, and restricted cash equivalents. Key financial ratios include a Debt to Total Capitalization of 35.3% and an Adjusted Debt to Adjusted EBITDA of 1.50x.