Magna's Q2 2026 Revenue Edges Up, Profit Rebounds but Global Supplier Rank Slips to Fourth

Canadian automotive parts giant Magna International recently released its Q2 2026 financial results. The company reported net income of $469 million for the quarter — up 23.7% from $379 million in Q2 2025 — and diluted earnings per share (EPS) of $1.72, up from $1.35 year-on-year.

On an adjusted basis, Magna's EPS for the quarter reached $1.86, compared to $1.44 in Q2 2025. Quarterly sales totaled $11 billion, a 3% increase year-on-year, reflecting continued delivery capability in electrification and intelligent vehicle components.

However, the company slightly lowered its full-year sales outlook: it now expects 2026 revenue of $41.3–$42.5 billion, down from its prior forecast of $41.5–$43.1 billion. Meanwhile, adjusted EPS guidance was raised to $6.70–$7.30, up from $6.25–$7.25, signaling improved profitability.

Notably, Magna slipped in Automotive News' 2026 Top 100 Global Suppliers ranking. The Aurora, Ontario–based firm dropped from third to fourth place, with fiscal 2025 sales of $42 billion. Chinese battery leader CATL, with $44 billion in sales, entered the top three for the first time — displacing Magna to claim third place — a landmark signal of accelerating global supplier landscape restructuring.