<span item_type="fundamental" item_id="ea84f4157d5935192583e6395201132d" counter_id="ST/US/LEA" env="prod"></span><span item_type="announcement" item_id="643777742265843841" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 5.823 B, missing the estimate of USD 5.844 B.</p><p>EPS: As of FY2026 Q1, the actual value is USD 3.34, missing the estimate of USD 3.4145.</p><p>EBIT: As of FY2026 Q1, the actual value is USD 280.6 M.</p><p></p><h4>Financial Results Overview</h4><p>On May 1, 2026, 李尔 (Lear Corporation) reported its financial results for the first quarter of 2026 and reaffirmed its financial outlook for the full year 2026, as detailed in its press release furnished as Exhibit 99.1 to the Form 8-K <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/842162/000084216226000034/lear-20260501.htm"></span>.</p><h4>Total Revenue</h4><p>李尔 (Lear Corporation) reported total revenue of $5.8 billion for the first quarter of 2026, an increase of 5% compared to $5.6 billion in the first quarter of 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/842162/000084216226000034/lear-2026may1_8xkxex991.htm"></span>. Organic sales, excluding various impacts, were up 3%, driven by increased production on key platforms and new business additions <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/842162/000084216226000034/lear-2026may1_8xkxex991.htm"></span>.</p><h4>Net Income</h4><p>Net income for the first quarter of 2026 was $172.3 million, a significant increase from $80.7 million in the first quarter of 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/842162/000084216226000034/lear-2026may1_8xkxex991.htm"></span>. Adjusted net income reached $199.5 million, an 18% increase from $169.3 million in the prior year period <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/842162/000084216226000034/lear-2026may1_8xkxex991.htm"></span>.</p><h4>Core Operating Earnings</h4><p>Core operating earnings for the first quarter of 2026 were $297.3 million, marking a 10% increase from $270.4 million in the first quarter of 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/842162/000084216226000034/lear-2026may1_8xkxex991.htm"></span>. As a percentage of sales, core operating earnings improved to 5.1% in Q1 2026 from 4.9% in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/842162/000084216226000034/lear-2026may1_8xkxex991.htm"></span>.</p><h4>Segment Performance</h4><ul><li><strong>Seating Segment</strong>: Net sales for Q1 2026 were $4,404.4 million, up from $4,151.1 million in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/842162/000084216226000034/lear-2026may1_8xkxex991.htm"></span>. Segment margins increased to 6.3% from 5.2% in 2025, while adjusted segment margins rose to 6.9% from 6.7% in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/842162/000084216226000034/lear-2026may1_8xkxex991.htm"></span>.</li><li><strong>E-Systems Segment</strong>: Net sales were $1,418.4 million in Q1 2026, compared to $1,409.2 million in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/842162/000084216226000034/lear-2026may1_8xkxex991.htm"></span>. Segment margins for E-Systems were 5.2%, up from 3.9% last year, and adjusted segment margins increased to 6.1% from 5.2% in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/842162/000084216226000034/lear-2026may1_8xkxex991.htm"></span>.</li></ul><h4>Cash Flow and Liquidity</h4><p>Net cash provided by operating activities was $98.1 million in the first quarter of 2026, a substantial improvement from net cash used in operating activities of - $127.7 million in the first quarter of 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/842162/000084216226000034/lear-2026may1_8xkxex991.htm"></span>. Free cash flow was - $26.5 million, significantly better than - $231.7 million in the same period last year <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/842162/000084216226000034/lear-2026may1_8xkxex991.htm"></span>. Capital expenditures were - $124.6 million in Q1 2026, compared to - $104.0 million in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/842162/000084216226000034/lear-2026may1_8xkxex991.htm"></span>. 李尔 (Lear Corporation) repurchased $75 million of shares and paid $43 million in dividends during the quarter <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/842162/000084216226000034/lear-2026may1_8xkxex991.htm"></span>. At quarter-end, cash and cash equivalents stood at $881.9 million, and total liquidity was $2.9 billion <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/842162/000084216226000034/lear-2026may1_8xkxex991.htm"></span>.</p><h4>Operational Metrics</h4><p>李尔 (Lear Corporation) secured key E-Systems wins, including wire awards for General Motors’ full-size SUVs, SAIC in China (launching 2027), and Geely and Dongfeng (launching H2 2026) <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/842162/000084216226000034/lear-2026may1_8xkxex991.htm"></span>. Electronics awards included a power distribution module with a North American automaker and a high-voltage power distribution module with Audi <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/842162/000084216226000034/lear-2026may1_8xkxex991.htm"></span>. In Seating, new complete seat awards were secured with Toyota in China through a non-consolidated joint venture, along with ComfortFlexTM awards with Audi and BMW, and a ComfortMax SeatTM award with Geely <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/842162/000084216226000034/lear-2026may1_8xkxex991.htm"></span>. Global vehicle production was down 3% year-over-year, with North America down 2%, Europe down 1%, and China down 10%; however, on a 李尔 (Lear Corporation) sales-weighted basis, global vehicle production was up 3% <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/842162/000084216226000034/lear-2026may1_8xkxex991.htm"></span>.</p><h4>Full Year 2026 Financial Outlook</h4><p>李尔 (Lear Corporation) reaffirmed its financial outlook for the full year 2026, anticipating net sales between $23,210 million and $24,010 million <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/842162/000084216226000034/lear-2026may1_8xkxex991.htm"></span>. Core operating earnings are projected to be between $1,030 million and $1,200 million, and adjusted EBITDA is expected to range from $1,650 million to $1,820 million <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/842162/000084216226000034/lear-2026may1_8xkxex991.htm"></span>. The company forecasts operating cash flow of $1,210 million to $1,310 million and free cash flow of $550 million to $650 million, with capital spending estimated at approximately $660 million, assuming global industry production will be approximately 2% lower than in 2025 on a 李尔 (Lear Corporation) sales-weighted basis <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/842162/000084216226000034/lear-2026may1_8xkxex991.htm"></span>.</p>

Lear | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 5.823 B