GTX

Wall Street expects a year-over-year increase in earnings on lower revenues when Magna (MGA) reports results for the quarter ended September 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 30. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This automotive supply company is expected to post quarterly earnings of $1.58 per share in its upcoming report, which represents a year-over-year change of +18.8%. Revenues are expected to be $9.95 billion, down 1.1% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.15% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Magna, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.74%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination makes it difficult to conclusively predict that Magna will beat the consensus EPS estimate. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Magna would post earnings of $1.53 per share when it actually produced earnings of $1.86, delivering a surprise of +21.57%. Over the last four quarters, the company has beaten consensus EPS estimates four times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Magna doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Another stock from the Zacks Automotive - Original Equipment industry, Garrett Motion (GTX), is soon expected to post earnings of $0.45 per share for the quarter ended September 2026. This estimate indicates a year-over-year change of +18.4%. Revenues for the quarter are expected to be $937.3 million, up 3.9% from the year-ago quarter. Over the last 30 days, the consensus EPS estimate for Garrett Motion has been revised 4.4% down to the current level. Nevertheless, the company now has an Earnings ESP of 0.00%, reflecting an equal Most Accurate Estimate. This Earnings ESP, combined with its Zacks Rank #4 (Sell), makes it difficult to conclusively predict that Garrett Motion will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Magna International Inc. (MGA) : Free Stock Analysis Report Garrett Motion Inc. (GTX) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Wall Street expects a year-over-year increase in earnings on higher revenues when Garrett Motion (GTX) reports results for the quarter ended September 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 29, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This maker of vehicle turbocharging and electric-boosting gear is expected to post quarterly earnings of $0.45 per share in its upcoming report, which represents a year-over-year change of +18.4%. Revenues are expected to be $937.3 million, up 3.9% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 4.4% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Garrett Motion, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%. On the other hand, the stock currently carries a Zacks Rank of #4. So, this combination makes it difficult to conclusively predict that Garrett Motion will beat the consensus EPS estimate. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Garrett Motion would post earnings of $0.46 per share when it actually produced earnings of $0.53, delivering a surprise of +15.22%. Over the last four quarters, the company has beaten consensus EPS estimates four times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Garrett Motion doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Garrett Motion Inc. (GTX) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Tesla TSLA is slated to release third-quarter 2026 results on Oct. 21, after the closing bell. The company's automotive business remains a key focus as vehicle deliveries show mixed trends, with year-over-year declines despite a sequential increase. Tesla's ability to sustain vehicle demand, manage costs and improve profitability will be important factors. TSLA missed earnings estimates in two of the trailing four quarters, with the average negative surprise being 3.7%. Tesla, Inc. price-consensus-eps-surprise-chart | Tesla, Inc. Quote Tesla's second-quarter production totaled 451,758 vehicles (442,936 Model 3/Y and 8,822 other models), up 10% year over year. The company delivered 480,126 vehicles worldwide, up 25% from 384,122 units in the year-ago quarter, setting a record for second-quarter deliveries. Model 3/Y deliveries rose 25% year over year to 467,762 units, while deliveries of other models increased 19% to 12,364 units. Total automotive revenues of $20.5 billion rose 23% year over year. Automotive sales, excluding revenues from leasing and regulatory credits, totaled $20 billion, while automotive regulatory credit revenue declined to $146 million from $439 million in the year-ago quarter. Automotive gross margin excluding regulatory credits was 16.3% compared with 15% a year earlier and 19.2% in the preceding quarter. Tesla's third-quarter delivery report provides an early indication of automotive demand ahead of its earnings release. The company delivered 486,532 vehicles in the third quarter, up from 480,126 in the second quarter, but down 2.1% year over year. Model 3/Y deliveries reached 478,237 units, while deliveries of other models totaled 8,295. Production was 464,391 vehicles, below deliveries for the quarter. Tesla cautioned that vehicle deliveries alone do not determine quarterly financial results, which also depend on average selling prices, cost of sales, foreign-exchange movements and other factors. In its second-quarter 2026 update, the company said it remains focused on maximizing factory capacity utilization and growing vehicle sales through a differentiated product portfolio. Tesla also plans to optimize existing production capacity before building new factories and production lines. Competitive pressure in the electric vehicle market, production costs, changes in vehicle mix and average selling prices may affect revenue and margin growth. Our model predicts gross profit from automotive sales at $3.39 billion, down 0.6% from the year-ago quarter level. The company's ability to sustain customer demand while protecting automotive margins will therefore remain an important factor in assessing the segment's performance. The Zacks Consensus Estimate for third-quarter sales and earnings is pegged at $27.8 billion and 43 cents/share. The consensus mark for earnings per share has moved down by 3 cents over the past 30 days. Our proven model does not conclusively predict an earnings beat for Tesla, as it does not have the right combination of a positive Earnings ESP and a favorable Zacks Rank. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter. The company has an Earnings ESP of -11.35% and a Zacks Rank #4 (Sell) at present. Here are a few players from the auto space that, per our model, have the right ingredients to post an earnings beat this time. Garrett Motion Inc. GTX is slated to release third-quarter 2026 results on Oct. 22. The company has an Earnings ESP of +1.24% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for Garrett's to-be-reported quarter's earnings and revenues is pegged at 49 cents per share and $945.6 million. GTX surpassed earnings estimates in each of the trailing four quarters, with the average surprise being 16.76%. Rivian Automotive, Inc. RIVN is slated to release third-quarter 2026 results on Oct. 29. The company has an Earnings ESP of +7.38% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for Rivian's to-be-reported quarter's loss and revenues is pegged at 66 cents per share and $1.97 billion. RIVN surpassed earnings estimates in each of the trailing four quarters, with the average surprise being 15.14%. Lear Corporation LEA is slated to release third-quarter 2026 results on Oct. 30. The company has an Earnings ESP of +3.26% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for Lear's to-be-reported quarter's earnings and revenues is pegged at $3.28 per share and $5.8 billion. LEA surpassed earnings estimates in each of the trailing four quarters, with the average surprise being 13.49%. You can see the complete list of today's Zacks #1 Rank stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Tesla, Inc. (TSLA) : Free Stock Analysis Report Lear Corporation (LEA) : Free Stock Analysis Report Garrett Motion Inc. (GTX) : Free Stock Analysis Report Rivian Automotive, Inc. (RIVN) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Tesla TSLA is set to release third-quarter 2026 results on Oct. 21, after the closing bell. The Zacks Consensus Estimate for the to-be-reported quarter's earnings and revenues is pegged at 44 cents per share and $27.8 billion, respectively. The consensus mark for third-quarter earnings has declined 3 cents in the past 30 days. The estimate for the bottom line implies a 12% contraction from the year-ago levels. The Zacks Consensus Estimate for quarterly revenues suggests a year-over-year fall of 1%. In the second quarter of 2026, the company missed earnings estimates by 34%. In the trailing four quarters, Tesla missed earnings estimates twice and beat twice, with the average negative earnings surprise being 3.7%. Tesla, Inc. price-consensus-eps-surprise-chart | Tesla, Inc. Quote Tesla reported third-quarter 2026 deliveries of 486,532 vehicles, up 1.3% sequentially but down 2.1% year over year. The company delivered 478,237 Model 3/Y vehicles and 8,295 other models compared with 481,166 and 15,933 units, respectively, in the year-ago quarter. The decline was primarily concentrated in other models, whose deliveries fell 47.9%. A key factor behind the year-over-year decline is the challenging comparison with the third quarter of 2025, when Tesla delivered a record 497,099 vehicles amid a rush to purchase electric vehicles (EVs) before the expiration of the $7,500 U.S. federal EV tax credit on Sept. 30, 2025. This demand pull-forward boosted the year-ago quarter's deliveries. Despite the year-over-year decrease, Tesla's third-quarter 2026 deliveries rose 1.3% sequentially, supported by a recovery in European sales and stronger demand for China-made vehicles in international markets. China-made Model 3 and Model Y sales, including exports, increased 5% year over year in September. We expect revenues from automotive sales to be $20.69 billion, while automotive gross margin is projected at 17.3%. Vehicle deliveries, pricing and production costs are likely to have influenced the company's automotive performance in the to-be-reported quarter. Tesla's Energy Generation and Storage segment remains a potential growth driver, supported by demand for its Megapack and Powerwall products. The company deployed 13.7 gigawatt-hours (GWh) of energy storage products in the third quarter, up 9.6% from the year-ago period and 1.5% from 13.5 GWh in the second quarter of 2026. This continued increase in deployments might have supported higher energy-related revenues. We expect revenues from the Energy Generation and Storage segment to be $3.76 billion, implying 10.2% year-over-year growth. Our estimate for revenues from the Services and Other segment is $4.29 billion, indicating 23.3% year-over-year growth. Our proven model does not conclusively predict an earnings beat for Tesla this earnings season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is not the case here. Earnings ESP:Tesla has an Earnings ESP of -12.85%. The Most Accurate Estimate is pegged at 6 cents, below the Zacks Consensus Estimate. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter. Zacks Rank: Tesla currently carries a Zacks Rank #4 (Sell). Here are a few players from the auto space that, per our model, have the right ingredients to post an earnings beat this time. Garrett Motion Inc. GTX is slated to release third-quarter 2026 results on Oct. 22. The company has an Earnings ESP of +1.24% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for Garrett's to-be-reported quarter's earnings and revenues is pegged at 49 cents per share and $945.6 million. GTX surpassed earnings estimates in each of the trailing four quarters, with the average surprise being 16.76%. Rivian Automotive, Inc. RIVN is slated to release third-quarter 2026 results on Oct. 29. The company has an Earnings ESP of +7.38% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for Rivian's to-be-reported quarter's loss and revenues is pegged at 66 cents per share and $1.97 billion. RIVN surpassed earnings estimates in each of the trailing four quarters, with the average surprise being 15.14%. Lear Corporation LEA is slated to release third-quarter 2026 results on Oct. 30. The company has an Earnings ESP of +3.26% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for Lear's to-be-reported quarter's earnings and revenues is pegged at $3.28 per share and $5.8 billion. LEA surpassed earnings estimates in each of the trailing four quarters, with the average surprise being 13.49%. You can see the complete list of today's Zacks #1 Rank stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Tesla, Inc. (TSLA) : Free Stock Analysis Report Lear Corporation (LEA) : Free Stock Analysis Report Garrett Motion Inc. (GTX) : Free Stock Analysis Report Rivian Automotive, Inc. (RIVN) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

CarMax, Inc. KMX has lost 5.8% since it reported second-quarter fiscal 2027 earnings on Sept. 29, 2026. It continues to face pressure from competitive pricing, which is weighing on per unit margins, while the expansion of CarMax Auto Finance (CAF) into Tier 2 lending increases credit and reserve exposure. Nevertheless, stronger used-vehicle sales volumes, digital initiatives, cost discipline and improving CAF income are supporting its recovery prospects. Let's look at the key factors supporting and weighing on KMX stock. CarMax's nationwide footprint, logistics network and omnichannel model remain competitive advantages, helping it improve sourcing, customer reach and operating efficiency. In the second quarter of fiscal 2027, retail used-vehicle unit sales increased 13.8%, while comparable store unit sales rose 13%. Wholesale unit sales climbed 15.9% to 160,344. CarMax had 258 stores across 42 states at quarter-end and planned four openings in fiscal 2027, three of which have already happened. The company's digital capabilities supported 81% of retail unit sales, with omni sales representing 68% and online retail sales accounting for 13%. Digital investments and partnerships could further support the recovery. CarMax scaled AI voice technology to all inbound store and customer experience center calls and redesigned its car detail page to improve inventory visibility, personalized payments and purchase steps. Edmunds supports technology, customer-funnel capabilities and dealer sourcing, while its Recurrent collaboration provides used-EV battery insights. Management expects further conversion gains as it integrates its digital, AI, data science and pricing efforts. Meanwhile, the $200 million SG&A exit-rate savings target by the end of fiscal 2027 remains an earnings driver. SG&A per total unit declined 8.8% in the second quarter. Additional corporate payroll actions, including about $6 million in expected fiscal third-quarter severance, are intended to generate recurring savings. Other gross profit climbed 33.1% to $183.3 million, helped by extended protection plans (EPP) and service efficiencies. Management expects roughly $35 of incremental EPP margin per retail unit in fiscal 2027. The company plans to resume share repurchases at a modest pace in the third quarter, with $1.31 billion remaining under authorization. The measured pace leaves room for investment in operations and lending growth. Despite strong unit growth, CarMax faces a profitability tradeoff as competitive pricing weighs on vehicle margins. Retail used-vehicle gross profit per unit fell $111 year over year to $2,105 in the fiscal second quarter, while wholesale gross profit per unit declined $135 to $858. Total gross margin narrowed to 10.1% from 10.9%. Management expects fiscal 2027 retail gross profit per unit to remain below the prior-year level, but with a decline of less than $200. Sustained volume gains and efficiencies will be needed to offset the pricing pressure. Cash generation add to the concerns. Adjusted net cash from operating activities declined to $263.7 million over the trailing 12 months, from $491.7 million in fiscal 2026, potentially limiting flexibility for reinvestment and shareholder returns. At the same time, CAF's expansion into Tier 2 lending is increasing reserve exposure. Overall CAF penetration declined to 40.9% from 42.6% a year earlier, even as CAF financed 22% of Tier 2 volume. The allowance for loan losses rose sequentially to 3.07% from 2.95%. Management expects nearly $1 billion of Tier 2 originations by fiscal year-end and fiscal 2027 CAF income to be slightly below fiscal 2026, pointing to continued financing and credit headwinds. The turnaround also hinges on executing reconditioning, logistics, corporate cost reduction, AI and digital initiatives. Delays or weaker productivity improvements could limit the savings and customer conversion gains needed to sustain higher volumes. Against this backdrop, improving sales momentum is encouraging, but a durable recovery will require stronger per unit profitability, cash generation and returns on invested capital. CarMax's improving sales momentum, digital initiatives and cost discipline support its recovery prospects. However, margin pressures, weak cash generation and rising credit risks remain concerns, making a cautious hold stance prudent until profitability improves. CarMax, Inc. price-consensus-chart | CarMax, Inc. Quote KMX currently carries Zacks Rank #3 (Hold). Some better-ranked stocks in the Auto space are Mobileye Global Inc. MBLY, Allison Transmission Holdings Inc. ALSN and Garrett Motion Inc. GTX. MBLY and ALSN sport a Zacks Rank #1 (Strong Buy), while GTX carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here. The Zacks Consensus Estimate for MBLY's current-year earnings is pegged at 49 cents per share, indicatingba 36.1% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in all of the trailing four quarters, with the average earnings surprise being 69.8%. The Zacks Consensus Estimate for GTX's current-year earnings is pegged at $1.92 per share, indicating a 26.3% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average earnings surprise being 16.8%. The Zacks Consensus Estimate for ALSN's current fiscal-year earnings is pegged at $10.27 per share, indicating a 25.1% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with the average negative earnings surprise being 0.3%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CarMax, Inc. (KMX) : Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN) : Free Stock Analysis Report Mobileye Global Inc. (MBLY) : Free Stock Analysis Report Garrett Motion Inc. (GTX) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

As the Q2 earnings season wraps, let's dig into this quarter's best and worst performers in the electrical systems industry, including Garrett Motion (NASDAQ:GTX) and its peers. Like many equipment and component manufacturers, electrical systems companies are buoyed by secular trends such as connectivity and industrial automation. More specific pockets of strong demand include Internet of Things (IoT) connectivity and the 5G telecom upgrade cycle, which can benefit companies whose cables and conduits fit those needs. But like the broader industrials sector, these companies are also at the whim of economic cycles. Interest rates, for example, can greatly impact projects that drive demand for these products. The 14 electrical systems stocks we track reported a satisfactory Q2. As a group, revenues beat analysts' consensus estimates by 2.3% while next quarter's revenue guidance was 0.6% below. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 7% since the latest earnings results. A key player in the transition to cleaner vehicles, Garrett Motion (NYSE:GTX) designs and manufactures turbochargers, air compressors, and electric motor technologies for vehicle manufacturers and industrial applications. Garrett Motion reported revenues of $976 million, up 6.9% year on year. This print exceeded analysts' expectations by 3.3%. Overall, it was a very strong quarter for the company with full-year EBITDA guidance beating analysts' expectations and an impressive beat of analysts' EBITDA estimates. "Garrett delivered a strong second quarter, highlighting the power of our differentiated technology portfolio and continued share-of-demand gains," said Olivier Rabiller, President and CEO of Garrett. Investor expectations, however, were likely higher than Wall Street's published projections, leaving some wishing for even better results (analysts' consensus estimates are those published by big banks and advisory firms, not the investors who make buy and sell decisions). The stock is down 12.1% since reporting and currently trades at $26.30. Is now the time to buy Garrett Motion? Access our full analysis of the earnings results here, it's free. Protecting the things that power our world, Atkore (NYSE:ATKR) designs and manufactures electrical safety products. Atkore reported revenues of $794.8 million, up 8.1% year on year, outperforming analysts' expectations by 4.7%. The business had an incredible quarter with an impressive beat of analysts' EBITDA and EPS estimates. The market seems happy with the results as the stock is up 30.3% since reporting. It currently trades at $95.07. Is now the time to buy Atkore? Access our full analysis of the earnings results here, it's free. Originally a metal-working shop supporting local petrochemical facilities, Powell (NYSE:POWL) has grown from a small Houston manufacturer to a global provider of electrical systems. Powell reported revenues of $311.7 million, up 8.9% year on year, falling short of analysts' expectations by 1.6%. It was a disappointing quarter as it posted a significant miss of analysts' EPS estimates. As expected, the stock is down 13.1% since the results and currently trades at $191.00. Read our full analysis of Powell's results here. Aiming to wrap technology and data around a historically manual and paper-based industry, Verra Mobility (NASDAQ:VRRM) is a leading provider of smart mobility technology to address tolls and violations, title and registration services, as well as safety and traffic enforcement. Verra Mobility reported revenues of $263.6 million, up 11.7% year on year. This result surpassed analysts' expectations by 3.8%. Zooming out, it was a mixed quarter as it also logged an impressive beat of analysts' EBITDA estimates but full-year revenue guidance missing analysts' expectations significantly. Verra Mobility had the weakest full-year guidance update of the whole group. The stock is down 46.2% since reporting and currently trades at $3.02. Read our full, actionable report on Verra Mobility here, it's free. Founded in 1980, Sanmina (NASDAQ:SANM) is an electronics manufacturing services company offering end-to-end solutions for various industries. Sanmina reported revenues of $3.46 billion, up 69.7% year on year. This number beat analysts' expectations by 1.8%. Overall, it was a very strong quarter as it also recorded EPS guidance for next quarter exceeding analysts' expectations and an impressive beat of analysts' adjusted operating income estimates. Sanmina delivered the fastest revenue growth but had the weakest guidance update in the group. The stock is up 6.4% since reporting and currently trades at $222.34. Read our full, actionable report on Sanmina here, it's free. Over the past year, investors have been forced to repeatedly answer the same question: what is the market's biggest risk? The answer has changed several times, and each shift has reshaped market leadership. Late in 2025 and early 2026, artificial intelligence became the market's primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products. By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market's dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals. Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

Harbor Funds, an investment management company, released its Q2 2026 investor letter for “Harbor Mid Cap Value Fund”. The letter can be downloaded here. Global equities experienced a sharp rally in Q2 2026, with the S&P 500 returning 15.2%, its strongest quarter since 2020, driven by a shift from software to hardware in the Artificial Intelligence capital spending cycle. Small caps outperformed large caps, with the Russell 2000® gaining 21.5% compared to the Russell 1000’s 15.1%. Growth stocks led within large caps, while Information Technology rose about 33%, contributing significantly to the S&P 500’s return. The Harbor Mid Cap Value Fund returned 13.99%, outperforming its benchmark, the Russell Midcap Value Index.  Strong stock selection in Consumer Discretionary, Real Estate, and Financials contributed positively, although an underweight in Information Technology negatively impacted results. Despite ongoing economic uncertainties, the investment philosophy remains committed to a disciplined value approach. Check the fund’s top five holdings for its best picks in 2026. In its second-quarter 2026 investor letter, Harbor Mid Cap Value Fund highlighted Garrett Motion Inc. (NASDAQ:GTX) as a material contributor to performance. Garrett Motion Inc. (NASDAQ:GTX) designs and manufactures engineered turbocharging and high-speed electric motor technologies for OEMs, distributors, and industrial fields. On September 04, 2026, Garrett Motion Inc. (NASDAQ:GTX) stock closed at $26.66 per share. The one-month return of Garrett Motion Inc. (NASDAQ:GTX) was -3.58%, and its shares gained 111.73% over the past 52 weeks. Garrett Motion Inc. has a market capitalization of $4.97 billion. Harbor Mid Cap Value Fund stated the following regarding Garrett Motion Inc. (NASDAQ:GTX) in its Q2 2026 investor letter: Garrett Motion Inc. (NASDAQ:GTX) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. According to our database, 49 hedge fund portfolios held Garrett Motion Inc. (NASDAQ:GTX) at the end of the second quarter, up from 46 in the previous quarter. While we acknowledge the potential of Garrett Motion Inc. (NASDAQ:GTX) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we discussed Garrett Motion Inc. (NASDAQ:GTX) and highlighted Brennan Asset Management's views on the company. In addition, please check out our hedge fund investor letters Q2 2026 page for more investor letters from hedge funds and other leading investors. READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years. This article is originally published at Insider Monkey.

It has been about a month since the last earnings report for Garrett Motion (GTX). Shares have lost about 11.6% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Garrett Motion due for a breakout? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent drivers for Garrett Motion Inc. before we dive into how investors and analysts have reacted as of late. Garrett Motion reported second-quarter 2026 earnings of 53 cents per share, beating the Zacks Consensus Estimate of 46 cents by 15.2%. Earnings increased 26.2% from 42 cents in the year-ago quarter.Net sales rose 6.9% year over year to $976 million and surpassed the consensus estimate of $964 million by 1.2%. Growth across all product verticals, productivity gains and a favorable business mix supported the performance. Adjusted EBIT margin expanded 200 basis points to 15.6%. Net sales increased 7% on a reported basis and 5% at constant currency. The improvement reflected share-of-demand gains in passenger vehicles, stronger commercial vehicle and industrial demand, and higher aftermarket volumes.Gasoline sales advanced 5% year over year, including 3% growth at constant currency. New application launches and program ramp-ups in Europe, India and South America supported the category.Diesel sales increased 8%, or 6% at constant currency, driven by light commercial vehicle and pickup truck demand across Europe, Asia and South America, along with program ramp-ups in India.Commercial vehicle and industrial sales climbed 10% year over year on both reported and constant-currency bases. Strong on-highway demand in China following program launches and higher North American genset activity for data centers contributed to the increase. Industrial turbo sales exceeded $80 million during the first half. The business is now expected to generate about $200 million in full-year sales, supported by power-generation demand.Aftermarket sales rose 8%, or 7% excluding currency effects, as volumes improved in Europe, China and Australia. Gross profit increased to $212 million from $181 million. Gross margin improved to 21.7% from 19.8%. Higher sales volumes, productivity, pricing net of inflation pass-through, lower research, development and engineering costs, and favorable product mix more than offset commodity, transportation and energy inflation.Adjusted EBIT rose $28 million year over year to a record $152 million. Higher volumes contributed $16 million, productivity added $10 million and pricing net of inflation pass-through provided $8 million. These benefits were partly offset by $8 million of inflation-related costs and a $5 million unfavorable currency impact. Net income totaled $101 million, up from $87 million a year earlier, while net income margin increased to 10.3% from 9.5%. The improvement was mainly driven by higher gross profit and lower interest expense, partially offset by increased taxes, lower non-operating income and higher selling, general and administrative expenses.Net cash provided by operating activities was $145 million, compared with $158 million in the prior-year period. Adjusted free cash flow edged up to $122 million from $121 million, representing 80% conversion from adjusted EBIT. Garrett ended the quarter with $788 million of liquidity, including $158 million in unrestricted cash and $630 million of available revolver capacity. The company repurchased $28 million of common stock during the quarter, bringing year-to-date buybacks to $115 million. Garrett also paid $15 million in dividends, while its board declared a third-quarter dividend of 8 cents per share.GTX voluntarily repaid $50 million of term-loan debt during the quarter. Total debt principal declined to $1.39 billion from $1.44 billion at the end of 2025. The company had $135 million remaining under its share-repurchase authorization at quarter-end. The company secured multiple turbocharger awards, including a large North American light vehicle program and several commercial vehicle applications in China and India. It also won a major Garrett MEG award for data-center gensets and additional power-generation programs across multiple regions.Garrett began pre-development work on a commercial vehicle electric powertrain with a Japanese truck manufacturer. The company also secured a production award for industrial air compression using its centrifugal compressor technology and reported growing interest from heating, ventilation and air-conditioning manufacturers in its electric cooling solutions. Garrett now expects 2026 net sales of $3.7-$3.9 billion, compared with the previous range of $3.6-$3.9 billion. Constant-currency sales growth is projected between 1% and 7%, up from the earlier forecast of a 2% decline to 6% growth.Adjusted EBIT is anticipated between $560 million and $600 million versus the prior range of $520-$600 million. Adjusted free cash flow is forecast in the band of $385-$475 million compared with $355-$475 million previously. The revised outlook reflects first-half execution, a stronger product mix and continued productivity benefits, despite softer expected light vehicle production. It turns out, estimates review have trended upward during the past month. At this time, Garrett Motion has a average Growth Score of C, a grade with the same score on the momentum front. However, the stock was allocated a grade of A on the value side, putting it in the top 20% for value investors. Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Garrett Motion has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months. Garrett Motion is part of the Zacks Automotive - Original Equipment industry. Over the past month, QuantumScape Corporation (QS), a stock from the same industry, has gained 12.8%. The company reported its results for the quarter ended June 2026 more than a month ago. QuantumScape reported revenues of $0 million in the last reported quarter, representing a year-over-year change of 0%. EPS of -$0.16 for the same period compares with -$0.20 a year ago. QuantumScape is expected to post a loss of $0.18 per share for the current quarter, representing no change from the year-ago quarter. Over the last 30 days, the Zacks Consensus Estimate remained unchanged. The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for QuantumScape. Also, the stock has a VGM Score of D. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Garrett Motion Inc. (GTX) : Free Stock Analysis Report QuantumScape Corporation (QS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Garrett Motion Inc. GTX reported second-quarter 2026 earnings of 53 cents per share, beating the Zacks Consensus Estimate of 46 cents by 15.2%. Earnings increased 26.2% from 42 cents in the year-ago quarter. Net sales rose 6.9% year over year to $976 million and surpassed the consensus estimate of $964 million by 1.2%. Growth across all product verticals, productivity gains and a favorable business mix supported the performance. Adjusted EBIT margin expanded 200 basis points to 15.6%. GTX currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Garrett Motion Inc. price-consensus-eps-surprise-chart | Garrett Motion Inc. Quote Net sales increased 7% on a reported basis and 5% at constant currency. The improvement reflected share-of-demand gains in passenger vehicles, stronger commercial vehicle and industrial demand, and higher aftermarket volumes. Gasoline sales advanced 5% year over year, including 3% growth at constant currency. New application launches and program ramp-ups in Europe, India and South America supported the category. Diesel sales increased 8%, or 6% at constant currency, driven by light commercial vehicle and pickup truck demand across Europe, Asia and South America, along with program ramp-ups in India. Commercial vehicle and industrial sales climbed 10% year over year on both reported and constant-currency bases. Strong on-highway demand in China following program launches and higher North American genset activity for data centers contributed to the increase. Industrial turbo sales exceeded $80 million during the first half. The business is now expected to generate about $200 million in full-year sales, supported by power-generation demand. Aftermarket sales rose 8%, or 7% excluding currency effects, as volumes improved in Europe, China and Australia. Gross profit increased to $212 million from $181 million. Gross margin improved to 21.7% from 19.8%. Higher sales volumes, productivity, pricing net of inflation pass-through, lower research, development and engineering costs, and favorable product mix more than offset commodity, transportation and energy inflation. Adjusted EBIT rose $28 million year over year to a record $152 million. Higher volumes contributed $16 million, productivity added $10 million and pricing net of inflation pass-through provided $8 million. These benefits were partly offset by $8 million of inflation-related costs and a $5 million unfavorable currency impact. Net income totaled $101 million, up from $87 million a year earlier, while net income margin increased to 10.3% from 9.5%. The improvement was mainly driven by higher gross profit and lower interest expense, partially offset by increased taxes, lower non-operating income and higher selling, general and administrative expenses. Net cash provided by operating activities was $145 million, compared with $158 million in the prior-year period. Adjusted free cash flow edged up to $122 million from $121 million, representing 80% conversion from adjusted EBIT. Garrett ended the quarter with $788 million of liquidity, including $158 million in unrestricted cash and $630 million of available revolver capacity. The company repurchased $28 million of common stock during the quarter, bringing year-to-date buybacks to $115 million. Garrett also paid $15 million in dividends, while its board declared a third-quarter dividend of 8 cents per share. GTX voluntarily repaid $50 million of term-loan debt during the quarter. Total debt principal declined to $1.39 billion from $1.44 billion at the end of 2025. The company had $135 million remaining under its share-repurchase authorization at quarter-end. The company secured multiple turbocharger awards, including a large North American light vehicle program and several commercial vehicle applications in China and India. It also won a major Garrett MEG award for data-center gensets and additional power-generation programs across multiple regions. Garrett began pre-development work on a commercial vehicle electric powertrain with a Japanese truck manufacturer. The company also secured a production award for industrial air compression using its centrifugal compressor technology and reported growing interest from heating, ventilation and air-conditioning manufacturers in its electric cooling solutions. Garrett now expects 2026 net sales of $3.7-$3.9 billion, compared with the previous range of $3.6-$3.9 billion. Constant-currency sales growth is projected between 1% and 7%, up from the earlier forecast of a 2% decline to 6% growth. Adjusted EBIT is anticipated between $560 million and $600 million versus the prior range of $520-$600 million. Adjusted free cash flow is forecast in the band of $385-$475 million compared with $355-$475 million previously. The revised outlook reflects first-half execution, a stronger product mix and continued productivity benefits, despite softer expected light vehicle production. General Motors GM reported second-quarter 2026 adjusted earnings of $3.57 per share, up 41.3% year over year. The figure beat the Zacks Consensus Estimate of $3.13 by 14.06%. Revenues increased 1.9% to $48.03 billion and surpassed the consensus estimate of $46.56 billion by 3.15%. General Motors raised its full-year adjusted EBIT guidance to $14-$16 billion from $13.5-$15.5 billion. Adjusted earnings are now projected to be $12-$14 per share, up from the prior range of $11.50-$13.50. Tesla, Inc. TSLA reported second-quarter 2026 adjusted earnings of 33 cents per share, which declined 17.5% year over year. The figure missed the Zacks Consensus Estimate of 50 cents by 34%. Revenues advanced 25.5% to $28.24 billion and surpassed the consensus estimate of $25.81 billion by 9.41%. Tesla expects 2026 capital expenditures to exceed $25 billion and rise further over the next two to three years. Ford F reported second-quarter 2026 adjusted earnings of 42 cents per share, beating the Zacks Consensus Estimate of 33 cents by 27.27%. Earnings rose 13.5% from 37 cents a year ago. Automotive revenues of $44.89 billion fell 4.4% year over year and missed the consensus mark of $45.72 billion by 1.81%. Ford’s consolidated second-quarter revenues came in at $48.3 billion, down 3.7% year over year. The company raised its full-year adjusted EBIT outlook to $10-$11 billion from $8.5-$10.5 billion. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Garrett Motion Inc. (GTX) : Free Stock Analysis Report Ford Motor Company (F) : Free Stock Analysis Report General Motors Company (GM) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Second Quarter 2026 Financial Highlights Net sales totaled $976 million, up 5% on a constant currency* basis vs prior year, driven by share of demand gains in passenger vehicles and strong performance in commercial vehicle and industrial Net income totaled $101 million; net income margin of 10.3% Adjusted EBIT* totaled $152 million; adjusted EBIT margin* of 15.6% Net cash provided by operating activities totaled $145 million Adjusted free cash flow* totaled $122 million Increased 2026 full-year outlook Second Quarter 2026 Business Highlights 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 Won a major award for Garrett MEG used in gensets for data centers, along with several additional genset awards in different regions Kicked off pre-development of a commercial vehicle e- powertrain with a Japanese truck maker Secured a production award for industrial air compression, using Garrett’s centrifugal compressor technology PLYMOUTH, Mich. and ROLLE, Switzerland, July 29, 2026 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX) ("Garrett" or the "Company"), a leading automotive and industrial technology provider, today announced its financial results for the three months ended June 30, 2026. Additionally, the Company's Board of Directors declared a cash dividend of $0.08 per share of common stock, payable on September 15, 2026, to shareholders of record as of September 1, 2026. “Garrett delivered a strong second quarter, highlighting the power of our differentiated technology portfolio and continued share-of-demand gains,” said Olivier Rabiller, President and CEO of Garrett. “Net sales were $976 million, up 5% at constant currency, and adjusted EBIT margin expanded 200 basis points to 15.6%, driven by disciplined execution across the business. "We also secured multiple turbo wins in industrial for power generation, as well as in passenger and commercial vehicle, while advancing our e-compressor and e-powertrain offerings. Combined with strong profitability and cash generation, these results reinforce our confidence in Garrett’s long-term growth trajectory.” * See reconciliations to the nearest GAAP measures below. Results of Operations Net sales for the second quarter of 2026 were $976 million, representing an increase of 7% (including a favorable impact of $15 million or 2% due to foreign currency translation) compared with $913 million in the second quarter of 2025. This increase was driven by higher growth across all verticals. Gasoline growth was driven by new application launches and program ramp-ups in Europe, India and South America. Diesel growth was due to strong demand for light commercial vehicles and pickup trucks in Europe, Asia and South America and program ramp-ups in India. Commercial vehicle and industrial growth was driven by strong on-highway demand in China following program launches and North America Genset for data centers. Aftermarket volumes increased in Europe, China and Australia resulting in a favorable product mix. Cost of goods sold for the second quarter of 2026 increased to $764 million from $732 million in the second quarter of 2025, primarily driven by $35 million from higher sales volumes, $18 million of unfavorable product mix, $15 million from foreign currency impacts and $8 million from commodity, transportation and energy inflation. These increases were partially offset by $24 million productivity net of labor inflation and repositioning costs, $16 million of lower import tariffs and $4 million of lower RD&E costs. Gross profit totaled $212 million for the second quarter of 2026 as compared to $181 million in the second quarter of 2025, with a gross profit percentage for the second quarter of 2026 of 21.7% as compared to 19.8% in the second quarter of 2025. This increase in gross profit was driven by $16 million from higher sales volumes, $8 million productivity net of labor inflation and repositioning costs, $8 million of price net of inflation pass-through, $4 million of lower RD&E costs and $3 million of favorable product mix. These increases were partially offset by $8 million of commodity, transportation and energy inflation. Selling, general and administrative (“SG&A”) expenses for the second quarter of 2026 increased to $63 million from $59 million in the second quarter of 2025. This increase was driven by $3 million of higher personnel costs and $2 million of unfavorable foreign currency impact, partially offset by $1 million of lower bad debt expense. Other expense in the second quarter of 2026 was consistent with the the second quarter of 2025. Interest expense in the second quarter of 2026 was $24 million as compared to $25 million in the second quarter of 2025. This decrease was primarily due to $3 million in lower interest expense due to a different notional amount of debt outstanding during the period. In addition, we recorded offsetting net gains of $2 million on our interest derivatives in the current year, in comparison to net gains of $4 million in the prior year. Non-operating income for the second quarter of 2026 was $2 million as compared to $6 million in the second quarter of 2025, with the decrease driven by a decrease in foreign exchange transactional gains. Tax expense for the second quarter of 2026 was $25 million as compared to $15 million in the second quarter of 2025, primarily because of a decrease in U.S. taxes on international operations during 2026, the global mix of earnings from year-to-year, a one-time benefit related to the revaluation of deferred tax assets in China during 2025, and deductions related to employee share-based compensation during 2026. Net income for the second quarter of 2026 was $101 million as compared to $87 million in the second quarter of 2025 primarily driven by $31 million of increased gross profit and $1 million of lower interest expense, partially offset by $10 million of higher tax expense, $4 million of lower non-operating income and $4 million of higher SG&A expense. Net cash provided by operating activities totaled $145 million in the second quarter of 2026 as compared to $158 million in the second quarter of 2025, representing a decrease of $13 million. The decrease was primarily driven by $84 million of unfavorable impacts from working capital changes, partially offset by $60 million of favorable impacts from changes in other assets and liabilities and $11 million of higher net income net of non-cash charges. Non-GAAP Financial Measures Adjusted EBIT increased to $152 million in the second quarter of 2026 as compared to $124 million in the second quarter of 2025. The increase of $28 million was driven by $16 million from higher sales volumes, $10 million of higher productivity, $8 million of pricing net of inflation pass-through, $4 million of lower RD&E costs and $3 million of favorable product mix impact. This increase was partially offset by $8 million of commodity, transportation and energy inflation and $5 million unfavorable foreign currency impact. Adjusted free cash flow was $122 million in the second quarter of 2026 as compared to $121 million in the second quarter of 2025. The increase was driven by $30 million from other assets and liabilities, $28 million from higher Adjusted EBIT, $4 million from lower cash taxes and $1 million from higher depreciation, and were partially offset by $60 million of unfavorable impact from working capital (net of factoring) and $2 million of higher capital expenditures. Liquidity and Capital Resources As of June 30, 2026, Garrett 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. As of December 31, 2025, Garrett had $807 million in available liquidity, including $177 million in unrestricted cash and cash equivalents and $630 million of undrawn commitments under its revolving credit facility. As of June 30, 2026, total principal amount of debt outstanding was $1,386 million, compared to $1,439 million as of December 31, 2025. During the second quarter of 2026, we repurchased $28 million of our common stock under our authorized share repurchase program and we had remaining repurchase capacity of $135 million as of June 30, 2026. Full Year 2026 Outlook Garrett is providing the following outlook for the full year 2026 for certain GAAP and Non-GAAP financial measures. * See reconciliations to the nearest GAAP measures below. Garrett’s full year 2026 outlook, as of July 29, 2026, includes the following expectations: 2026 light vehicle industry production down 2% to 4% from 2025; 2026 commercial vehicle industry, including both on- and off-highway, up 1% to 2% from 2025; 2026 average light vehicle battery electric vehicle penetration of ~19%; 2026 Euro/dollar exchange rate of 1.16 USD (down from 1.17 in prior outlook) RD&E investment at ~4.1% of sales; Capital expenditures at ~2.4% of sales Conference Call Garrett will hold a conference call at 8:30 am EDT / 2:30 pm CET on Thursday, July 29, 2026, to discuss its results. To participate on the conference call, please dial +1-877-883-0383 (US) or +1-412-902-6506 (international) and use the passcode 7065303. The conference call will also be broadcast over the internet and include a slide presentation. To access the webcast and supporting material, please visit the investor relations section of the Garrett Motion website at http://investors.garrettmotion.com. A replay of the conference call will be available by dialing +1-855-669-9658 (US) or +1-412-317-0088 (international) using the access code 2467399. The webcast will also be archived on Garrett’s website. Forward-Looking Statements This communication and related comments by management may include “forward-looking statements” within the meaning of the U.S. federal securities laws. Forward-looking statements are any statements other than statements of historical fact and can be identified by words such as “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will,” and similar expressions. Forward-looking statements represent our current judgment about possible future activities, events, or developments that we intend, expect, project, believe, or anticipate will or may occur in the future. In making these statement, we rely upon assumptions and analysis based on our experience and perception of historical trends, current conditions, and expected future developments, as well as other factors we consider appropriate under the circumstances. We believe these judgments are reasonable, but these statements are not guarantees of any future performance, events, or results, and actual performance, events, or results may differ materially from those envisaged by our forward-looking statements due to a variety of important factors, many of which are described in our most recent Annual Report on Form 10-K and our other filings with the U.S. Securities and Exchange Commission, including risks related to the automotive industry, the competitive landscape and our ability to compete, and macroeconomic and geopolitical conditions, among others. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made, and we undertake no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events, or other factors that affect the subject of these statement, except where we are expressly required to do so by law. Non-GAAP Financial Measures This communication includes the following non-GAAP financial measures, which are not calculated in accordance with generally accepted accounting principles in the United States (“GAAP”): Constant currency sales growth, Adjusted EBIT, Adjusted EBITDA, Adjusted EBIT margin, Adjusted EBITDA margin and Adjusted free cash flow. We believe these measures are useful to investors and management in understanding our ongoing operations and analysis of ongoing operating trends and are important indicators of operating performance because they exclude the effects of certain non-operating items, therefore making them more closely reflect our operational performance. Our calculation of these non-GAAP measures, including a reconciliation of such measures to the most closely related GAAP measure, are set forth in the Appendix to this presentation. These non-GAAP measures may not be comparable to similarly titled measures of other companies due to potential differences between companies in the method of calculation. As a result, the use of these non-GAAP measures has limitations and should not be considered superior to, in isolation from, or as a substitute for, related GAAP measures. For additional information regarding our non-GAAP financial measures, see our most recent Annual Report on Form 10-K and our other filings with the U.S. Securities and Exchange Commission.​ About Garrett Motion Inc. A differentiated technology leader, Garrett Motion has a 70-year history of innovation in the automotive sector (cars, trucks) and beyond (off-highway equipment, marine, power generators). Its well-recognized expertise in turbocharging has enabled significant reductions in engine size, fuel consumption, and CO2 emissions. Garrett is committed to advancing turbo applications while leveraging its unique technology solutions, such as fuel cell compressors for hydrogen fuel cell vehicles, as well as electric propulsion and thermal management systems for automotive and industrial applications. Garrett has six R&D centers, 13 manufacturing facilities and a team of more than 8,700 employees in more than 20 countries. For more information, please visit www.garrettmotion.com. Contacts:        INVESTOR RELATIONS        Cyril Grandjean        +1.734.392.5504        [email protected] CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS CONSOLIDATED INTERIM STATEMENTS OF COMPREHENSIVE INCOME CONSOLIDATED INTERIM BALANCE SHEETS Reconciliation of Net Income to Adjusted EBIT(1) and Adjusted EBITDA(1) Reconciliation of Constant Currency Sales % Change(1) Reconciliation of Cash Flow from Operations to Adjusted Free Cash Flow(1) Full Year 2026 Outlook Reconciliation of Reported Net Sales to Net Sales Growth at Constant Currency Full Year 2026 Outlook Reconciliation of Net Income to Adjusted EBIT and Adjusted EBITDA *  Excludes the effects of marked-to-market fluctuations from our interest rate swap contracts Full Year 2026 Outlook Reconciliation of Net Cash Provided by Operating Activities to Adjusted Free Cash Flow