Visteon | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 960 M
I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2026 Q2, the actual value is USD 960 M, beating the estimate of USD 955.83 M.
EPS: As of FY2026 Q2, the actual value is USD 1.8.
EBIT: As of FY2026 Q2, the actual value is USD 73 M.
Second Quarter 2026 Financial Highlights
Net Sales
Visteon Corporation reported net sales of $960 million for the second quarter of 2026, which is a decrease from $969 million in the prior year’s second quarter, despite a 4% growth-over-market .
Net Income Attributable to Visteon Corporation
Net income attributable to Visteon Corporation was $49 million for the second quarter of 2026, down from $71 million in the second quarter of 2025 .
Gross Margin
Gross margin for the second quarter was $118 million, a decrease from $141 million in the same period of the prior year .
Adjusted EBITDA
Adjusted EBITDA reached $116 million, representing a 12.1% margin for the second quarter of 2026, which was lower than $134 million reported in the second quarter of 2025 .
Operating Cash Flow
Operating cash flow for the second quarter of 2026 was $37 million . For the first six months of 2026, cash from operations was $43 million, compared to $165 million for the first six months of 2025 .
Adjusted Free Cash Flow
Adjusted free cash flow was $20 million for the second quarter of 2026 . For the first six months of 2026, adjusted free cash flow was an outflow of - $3 million, compared to an inflow of $105 million for the first six months of 2025 .
Capital Expenditures
Capital expenditures, including intangibles, were - $25 million for the second quarter of 2026 . For the first six months of 2026, capital expenditures were - $61 million .
Cash and Debt Position
Visteon Corporation ended the second quarter of 2026 with cash of $650 million and debt of $299 million, resulting in a net cash position of $351 million .
Operational Metrics
New Business Wins
Visteon Corporation secured approximately $2.0 billion in new business during the second quarter of 2026, including a SmartCore™ high-performance compute award with a Chinese OEM, strategic awards with North American OEMs, and wins in India .
Product Launches
Visteon Corporation launched 24 new products during the second quarter across 11 customers, including an integrated display system for a German OEM and a digital cluster for Hyundai .
Capital Allocation
Accelerated Share Repurchase Program
Visteon Corporation announced a $200 million accelerated share repurchase (ASR) agreement under its previously authorized $800 million share repurchase program . The final settlements for this ASR transaction are anticipated to be completed no later than early in the fourth quarter of 2026 .
Financial Representations
As of the confirmation date, Visteon Corporation represents that it has total assets of at least USD 50,000,000 .
Outlook / Guidance (Estimated Full Year 2026)
Visteon Corporation estimates its full-year 2026 Adjusted EBITDA to be $475 million . The company projects cash provided from operating activities to be $300 million and capital expenditures to be - $150 million . This guidance leads to an estimated free cash flow of $150 million and adjusted free cash flow of $170 million for the full year, including - $20 million in restructuring-related payments .
