Magna International Reports Financial Results for Q3 2026

Magna International Inc. released its financial outcomes for the third quarter ending September 30, 2026, pointing to disciplined execution and productivity gains.

Total sales for the quarter reached $10.1 billion, representing a 4% decline compared to the same period in the previous year. Company leadership attributed the decrease primarily to lower light vehicle production and the effects of prior divestitures.

Despite the drop in sales, profitability improved during the quarter. Income from operations before income taxes grew by 17% to $552 million.

Adjusted EBIT experienced an 11% increase, moving to $683 million from $613 million in the third quarter of 2025. This boosted the adjusted EBIT margin by 90 basis points.

Looking ahead, the company plans to share further details regarding its longer-term outlook and strategic priorities during an upcoming Investor Day scheduled for November 11.