Record Profitability
Adjusted EBITDA reached $492,000,000 (13.1% of sales) in 2025 — the highest level in company history, with normalized margins in the mid-12% range excluding one-time items.
Record New Business Wins
Secured $7,400,000,000 of new business wins in 2025, a 20% increase versus 2024, with displays and SmartCore accounting for ~75% of wins and displays representing nearly 50% of wins.
Strong Cash Generation and Balance Sheet
Generated $292,000,000 of adjusted free cash flow in 2025 with EBITDA-to-adjusted FCF conversion near 60%; ended the quarter with net cash of $472,000,000 and expect >$1,000,000,000 of deployable cash in 2026.
Top-line Product Growth in Displays
Display product sales grew approximately 20% year-over-year in 2025, driven by customer demand for larger/advanced displays and significant OLED wins with luxury OEMs.
Strategic Customer and Product Wins
Won ~$500,000,000 of new business with Toyota in 2025 and the largest digital two-wheeler program (~$400,000,000 lifetime) with Honda; secured high-performance compute wins with Cherry and Geely and multiple SmartCore/display launches.
Operational Execution and Launch Activity
Launched products on 86 vehicle models across 19 manufacturers in 2025; ~1/3 of launches were large displays and SmartCore programs, and launches were geographically balanced (Europe, Americas, Asia).
Capital Discipline and Credit Rating Upgrade
CapEx was $133,000,000 (3.5% of sales) in 2025; deployed ~ $275,000,000 of total capital including M&A and returns; S&P upgraded Visteon to BA1 reflecting improved margins and cash generation.