PHINIA INC. 2026: Revenue $940M, EPS $1.05— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.PHINIA INC. reported Q2 2026 results with revenue of $940M, up 5.6% YoY, driven by the SEM acquisition and favorable volume/mix. However, net income declined to $40M (-13%) and diluted EPS fell to $1.05 (-7.9%). The company reorganized channel reporting, closed the SEM acquisition, announced the stoba acquisition, and focused on operational improvements in inventory and working capital.
PHINIA INC. reported results for 2026 with revenue of $940M, up from $890M a year earlier, while net income declined to $40M and diluted EPS fell to $1.05 versus $1.14 in the prior-year quarter.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $940M | $890M | 5.6% |
| Net income² | $40M | $46M | (13%) |
| Diluted EPS³ | $1.05 | $1.14 | (7.9%) |
¹ Reported as “Net sales”. ² Reported as “Net earnings”. ³ Reported as “Earnings per share— diluted”.
Business Highlights
- Revenue growth was driven partly by the SEM acquisition, plus favorable volume/mix and foreign-exchange benefits; management cited ~6% growth in the quarter and ~8% year-to-date.
- Company reorganized channel reporting, moving OES activity from Aftermarket to Fuel Systems to streamline distribution.
- Brand momentum continued across DELPHI, DELCO REMY and HARTRIDGE, supported by aftermarket parc growth.
- Operational improvements — inventory optimization and working-capital discipline — helped raise operating cash flow and margins.
- Strategic activity included closing the SEM acquisition (Aug 2025) and announcing the stoba acquisition, with a continued focus on electronics, software and low-carbon fuel solutions.
Original SEC Filing: PHINIA INC. [ PHIN ] - 10-Q - Jul. 30, 2026