Lear Corp (LEA)
NYSE:LEA
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Earnings Data
Report Date
Aug 04, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
3.84Last Year’s EPS
3.47Same Quarter Last Year
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call conveyed a positive operational and commercial momentum: solid top-line growth (+5%), meaningful profitability gains (core operating earnings +10%, adjusted EPS +24%), multiple strategic commercial awards (including major GM and Chinese wins), and substantial net-performance/automation savings driving margin expansion. Offsetting items include sizable tariff-driven revenue adjustments (no earnings hit but material to reported revenue), residual operational fixes in parts of E-Systems, commodity pass-through timing, and macro/geopolitical uncertainty that prompted conservative full-year guidance. On balance, the company demonstrated strong execution and rising competitiveness while acknowledging manageable external headwinds.Company Guidance
Revenue Growth
Total sales increased 5% year-over-year to $5.8 billion in Q1 2026, with organic sales up 3% driven by higher volumes on Lear platforms and new Seating business.
Improved Profitability
Core operating earnings rose 10% to $297 million; adjusted earnings per share were $3.87, up 24% YoY and the highest quarterly EPS since Q1 2019.
Strong Segment Performance — Seating
Seating sales were $4.4 billion, up 6% YoY; adjusted earnings for Seating increased 9% to $305 million with adjusted operating margins of 6.9%.
E-Systems Margin Expansion
E-Systems sales were $1.4 billion, up 1% YoY with organic sales flat; adjusted earnings rose to $86 million (6.1% of sales) from $74 million (5.2%), reflecting improved operating margins driven by higher volumes, net performance and FX.
Commercial Wins and Backlog Growth
Major awards in Q1 include a GM full-size SUV wire harness win, multiple power distribution and high-voltage PDU awards (including Audi), and strong Chinese automaker awards; the 2026–2027 two-year backlog increased by ~ $250 million, and three-year backlog up ~ $400 million.
China Momentum and Customer Diversification
Secured approximately $280 million of business awards with Chinese automakers in Q1 (both Seating and E-Systems); wire-harness awards in China project ~ $140 million average annual revenue and Seating complete-seat awards ~ $140 million average annual revenue (some via JVs).
Net Performance and Cost Savings
Idea by Lear/automation and net-performance initiatives delivered approximately $70 million of savings in Q1; management expects incremental savings (~$75 million) and total restructuring/net savings targets of $80 million (Q1 contribution $26 million). Full-year net-performance targets: +40 bps Seating, +80 bps E-Systems.
Cash Flow & Capital Allocation
Operating cash flow improved to $98 million (versus a year-ago use); repurchased $75 million of shares in Q1 and are on pace to repurchase over $300 million in 2026; company has returned >$1.8 billion to shareholders over the past four years and targets >80% free cash flow conversion in 2026.
LEA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
LEA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 01, 2026 | $127.13 | $132.41 | +4.15% |
Feb 04, 2026 | $118.85 | $131.62 | +10.74% |
Oct 31, 2025 | $102.13 | $103.24 | +1.09% |
Jul 25, 2025 | $105.94 | $97.37 | -8.09% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Lear Corp (LEA) report earnings?
Lear Corp (LEA) is schdueled to report earning on Aug 04, 2026, Before Open (Confirmed).
What is Lear Corp (LEA) earnings time?
Lear Corp (LEA) earnings time is at Aug 04, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LEA EPS forecast?
LEA EPS forecast for the fiscal quarter 2026 (Q2) is 3.84.