Revenue: As of FY2026 Q2, the actual value is USD 976 M, beating the estimate of USD 962.96 M.

EPS: As of FY2026 Q2, the actual value is USD 0.53, beating the estimate of USD 0.4565.

EBIT: As of FY2026 Q2, the actual value is USD 151 M.

Second Quarter 2026 Financial Highlights

Net Sales

Garrett Motion Inc. reported net sales of $976 million for the second quarter of 2026, marking a 7% increase compared to $913 million in the second quarter of 2025. On a constant currency basis, net sales grew by 5% year-over-year in Q2 2026. For the six months ended June 30, 2026, net sales reached $1,961 million, an increase from $1,791 million in the same period of 2025, representing a 9% reported increase and a 5% constant currency increase.

Net Income

Net income for the second quarter of 2026 was $101 million, up from $87 million in the prior year period. The net income margin was 10.3% in Q2 2026, an increase from 9.5% in Q2 2025. For the six months ended June 30, 2026, net income was $196 million, compared to $149 million in the prior year period, with a net income margin of 10.0% versus 8.3%.

Gross Profit

Gross profit totaled $212 million in the second quarter of 2026, an increase from $181 million in the second quarter of 2025. The gross profit percentage was 21.7% in Q2 2026, up from 19.8% in Q2 2025. For the six months ended June 30, 2026, gross profit was $408 million, compared to $360 million in the prior year period.

Operating Costs and Expenses

Cost of goods sold for the second quarter of 2026 increased to $764 million from $732 million in Q2 2025. Selling, general and administrative expenses increased to $63 million in Q2 2026 from $59 million in Q2 2025.

Adjusted EBIT and Adjusted EBITDA

Adjusted EBIT increased to $152 million in the second quarter of 2026, up from $124 million in Q2 2025, with an adjusted EBIT margin of 15.6% (up from 13.6%). Adjusted EBITDA was $183 million in Q2 2026, compared to $154 million in Q2 2025, resulting in an adjusted EBITDA margin of 18.8% (up from 16.9%). For the six months ended June 30, 2026, Adjusted EBIT was $303 million (15.5% margin) and Adjusted EBITDA was $366 million (18.7% margin).

Cash Flow

Net cash provided by operating activities totaled $145 million in the second quarter of 2026, a decrease from $158 million in Q2 2025. Adjusted free cash flow was $122 million in Q2 2026, a slight increase from $121 million in Q2 2025. For the six months ended June 30, 2026, net cash provided by operating activities was $243 million, and adjusted free cash flow was $171 million.

Liquidity and Capital Resources

As of June 30, 2026, Garrett Motion Inc. had $788 million in available liquidity, including $158 million in unrestricted cash and cash equivalents and $630 million of undrawn commitments under its revolving credit facility. The total principal amount of debt outstanding was $1,386 million. During Q2 2026, the company repurchased $28 million of its common stock, with a remaining repurchase capacity of $135 million.

Segment Revenue Growth (Constant Currency)

• Gasoline: Constant currency sales growth was 3% for Q2 2026 and 3% for YTD 2026.
• Diesel: Constant currency sales growth was 6% for Q2 2026 and 4% for YTD 2026.
• Commercial vehicle / Industrial: Constant currency sales growth was 10% for Q2 2026 and 12% for YTD 2026.
• Aftermarket: Constant currency sales growth was 7% for Q2 2026 and 8% for YTD 2026.

Business Highlights

Garrett Motion Inc. secured multiple turbo wins, including a large light vehicle program in North America and several on- and off-highway commercial vehicle applications in China and India. The company also won a major award for Garrett MEG used in gensets for data centers, along with additional genset awards, and kicked off pre-development of a commercial vehicle e-powertrain with a Japanese truck maker. Additionally, a production award for industrial air compression using Garrett’s centrifugal compressor technology was secured.

Full Year 2026 Outlook

Garrett Motion Inc. increased its full-year 2026 outlook, now expecting net sales between $3.7 billion and $3.9 billion, with constant currency net sales growth projected to be +1% to +7%. Net income is anticipated to range from $330 million to $360 million, and Adjusted EBIT is forecast between $560 million and $600 million. Net cash provided by operating activities is expected to be $435 million to $525 million, with Adjusted free cash flow projected between $385 million and $475 million.