Magna International's stock soared 14.15% in pre-market trading on Friday following the release of its fourth-quarter financial results and optimistic guidance for 2026.
The automotive parts supplier reported adjusted earnings per share of $2.18 for the fourth quarter, significantly beating analyst consensus estimates ranging from $1.79 to $1.84. Quarterly sales reached $10.85 billion, also surpassing market expectations.
Additionally, Magna provided encouraging guidance for 2026, projecting adjusted EPS in the range of $6.25 to $7.25, which exceeds the FactSet estimate of $6.10. The company's margin guidance of 6% to 6.6% for 2026 is also ahead of consensus expectations, with analysts noting the positive outlook despite flat industry production forecasts.