Lear Corporation Q1 2026 Financial Results

Lear Corporation reported its first quarter 2026 financial results, with revenue increasing by 5% to $5.8 billion compared to the first quarter of 2025. Net income rose to $172 million from $81 million in the prior year, and adjusted net income was $200 million, up from $169 million. Earnings per share (EPS) reached $3.34, a significant increase from $1.49 in Q1 2025, with adjusted EPS at $3.87, up 24% year-over-year. The company reaffirmed its full-year 2026 financial outlook, anticipating net sales between $23.21 billion and $24.01 billion. Lear also highlighted strategic business wins in both its Seating and E-Systems segments, including new awards with major automakers like General Motors, SAIC, Geely, Audi, BMW, and Toyota. The company continued its share repurchase program, buying back $75 million worth of shares in the quarter, and maintained its dividend payment.