Lear Corporation Q3 2026 Earnings Recap

Lear’s third-quarter results showed modest growth and margin improvement, with revenue up 2% despite a 2% decline in weighted industry production. The stock rose 0.9%, a roughly flat reaction.

Key Takeaways

• Revenue was $5.8 billion, up 2% year over year; Lear said it grew about 4 percentage points above its weighted market.
• Core operating earnings were $256 million, up 6%, marking a fourth consecutive quarter of year-over-year improvement.
• Adjusted EPS was $3.71, up 33%; management said robust share repurchases helped accelerate the increase.
• Operating cash flow was $329 million and free cash flow was $158 million.
• Total-company operating margin expanded 20 basis points year over year. E-Systems margin expanded 60 basis points, including 120 basis points of net performance; the transcript cuts off before giving the full Seating margin detail.