Garrett Motion Inc. (GTX) reported second-quarter 2026 earnings of 53 cents per share, exceeding the Zacks Consensus Estimate of 46 cents by 15.2%. Net sales rose 6.9% year-over-year to $976 million, surpassing expectations of $964 million. Adjusted EBIT margin expanded to 15.6%, a 200 basis point increase.
During the quarter, GTX experienced sales growth across all verticals: gasoline sales increased 5%, diesel sales climbed 8%, and commercial vehicle sales grew 10%. The company generated $101 million in net income, up from $87 million a year earlier. Garrett repurchased $28 million in stock and paid $15 million in dividends. It also reduced debt to $1.39 billion following $50 million in voluntary repayments.
Looking ahead, Garrett now projects 2026 net sales between $3.7 billion and $3.9 billion, an increase from the prior forecast. Adjusted EBIT is expected to range from $560 million to $600 million, reflecting a stronger product mix and productivity gains despite anticipated softer light vehicle production.
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