Overview

• Magna reported Q2 net income of US$379 million, or US$1.35 per diluted share, up from US$313 million and US$1.09 a year earlier.
• Adjusted earnings of US$1.44 per share surpassed the mean analyst estimate of US$1.14, according to LSEG Data & Analytics.
• Revenue declined to US$10.63 billion from US$10.96 billion as North American light vehicle production fell 6% and European output dropped 2%.
• The supplier increased its 2025 sales outlook by US$400 million to over US$42 billion while anticipating lower North American volumes and stronger output in China.
• Chief executive Swamy Kotagiri said ongoing performance initiatives absorbed extra costs from tariffs and trade policy uncertainty.