Autoliv

Q3 FY2026 EarningsQ3 FY26 net sales of $2,693M slightly missed the $2,715M consensus, declining 0.5% YoY (1.1% organic decrease) amid a 1.9% global LVP contraction. Adjusted operating margin of 9.7% missed the 10.0% YoY level but was supported by strong performance in Asia, particularly India and China. GAAP EPS of $2.13 and Adjusted EPS of $2.19 both fell below mean expectations of $2.22 and $2.23 respectively, primarily due to a significantly higher-than-expected tax rate of 32.5%. FY26 guidance for adjusted operating margin was narrowed to ~10.5%, the low end of the previous range.