Dana | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 2.01 B

Revenue: As of FY2026 Q2, the actual value is USD 2.01 B, beating the estimate of USD 1.932 B.

EPS: As of FY2026 Q2, the actual value is USD 0.05, missing the estimate of USD 0.7269.

EBIT: As of FY2026 Q2, the actual value is USD 76 M.

Second Quarter 2026 Financial Highlights

Sales

Dana Incorporated reported total sales of $2.01 billion for the second quarter of 2026, an increase from $1.94 billion in the same period of 2025. Light Vehicle segment sales reached $1,379 million in Q2 2026, compared to $1,335 million in Q2 2025. The Commercial Vehicle segment recorded sales of $631 million in Q2 2026, up from $600 million in Q2 2025.

Operational Metrics

Adjusted EBITDA for the second quarter of 2026 was $207 million, representing a 10.3% margin, significantly higher than $147 million, or 7.6%, in Q2 2025. The Light Vehicle segment’s Adjusted EBITDA was $143 million in Q2 2026, up from $112 million in Q2 2025. The Commercial Vehicle segment’s Adjusted EBITDA increased to $68 million in Q2 2026 from $47 million in Q2 2025. Net income from continuing operations for Q2 2026 was $11 million, a substantial improvement from a net loss of - $12 million in Q2 2025. Adjusted net income for the second quarter of 2026 was $21 million, compared to $4 million in the prior-year period. Earnings from continuing operations before interest and income taxes were $76 million in Q2 2026, up from $16 million in Q2 2025. Operating costs included cost of sales at $1,800 million in Q2 2026 versus $1,797 million in Q2 2025, and selling, general and administrative expenses at $104 million in Q2 2026 compared to $99 million in Q2 2025.

Cash Flow

Operating cash flow in the second quarter of 2026 was $109 million, a notable increase from $32 million in the same period of 2025. Adjusted free cash flow was $68 million, compared with a use of - $7 million in Q2 2025.

Year-to-Date (Six Months Ended June 30) Financial Highlights

Sales

For the six months ended June 30, 2026, total net sales were $3,878 million, compared to $3,716 million for the same period in 2025. Light Vehicle segment sales were $2,648 million in YTD 2026, up from $2,548 million in YTD 2025. Commercial Vehicle segment sales were $1,230 million in YTD 2026, an increase from $1,168 million in YTD 2025.

Operational Metrics

Adjusted EBITDA for the six months ended June 30, 2026, was $378 million, compared to $240 million in the prior-year period. The Light Vehicle segment’s Adjusted EBITDA was $255 million in YTD 2026, up from $180 million in YTD 2025. The Commercial Vehicle segment’s Adjusted EBITDA increased to $131 million in YTD 2026 from $88 million in YTD 2025. Net loss from continuing operations was - $4 million in YTD 2026, an improvement from - $29 million in YTD 2025. Net income attributable to the parent company was $1,082 million in YTD 2026, compared to $52 million in YTD 2025. Earnings from continuing operations before interest and income taxes were $95 million in YTD 2026, up from $24 million in YTD 2025. Operating costs included cost of sales at $3,499 million in YTD 2026 versus $3,460 million in YTD 2025, and selling, general and administrative expenses at $206 million in YTD 2026 compared to $204 million in YTD 2025.

Cash Flow

Net cash used in operating activities for the six months ended June 30, 2026, was - $86 million, compared to - $5 million in the prior-year period. Adjusted free cash flow for YTD 2026 was - $127 million, compared to - $108 million in YTD 2025.

Unique Metrics

Dana Incorporated repurchased approximately 1.2 million shares, returning $44 million to shareholders during the second quarter of 2026. Year-to-date, the company has returned $169 million to shareholders and plans to repurchase an additional approximately $200 million of shares before the end of 2026.

Outlook / Guidance

Dana Incorporated has revised its full-year 2026 financial guidance upward, increasing its sales outlook by approximately $225 million to a range of $7.65 billion to $7.85 billion. The adjusted EBITDA outlook was increased by approximately $25 million to a range of $800 million to $850 million, with an implied adjusted EBITDA margin of approximately 10.6%. Adjusted free cash flow is projected to be between $275 million and $375 million, an increase of $25 million.