Garrett Motion Inc. (GTX)** reported first-quarter 2026 earnings of 49 cents per share on May 1, significantly up 63.3% from 30 cents in the previous year and surpassing the Zacks Consensus Estimate of 43 cents. Net sales reached $985 million, reflecting a 12.2% year-over-year increase and exceeding analyst expectations by 7.39%. The company achieved an adjusted EBIT margin of 15.3% due to strong demand across all sectors, particularly in passenger vehicles and commercial markets.
Gross profit rose to $196 million, though gross margin dipped to 19.9%. The company reported $98 million in operating cash flow, up from $56 million a year prior. As of March 31, 2026, total liquidity stood at $772 million, including $142 million in cash. Garrett also approved an $87 million share repurchase and announced a cash dividend of 8 cents per share, payable June 15, 2026. Following this strong performance, GTX raised its full-year revenue outlook to $3.6 billion to $3.9 billion.
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