Stock Track | Garrett Motion Soars 5.27% Pre-Market on Strong Q1 Earnings Beat and Raised 2026 Outlook

Stock Track
Apr 30

Garrett Motion Inc.'s stock surged 5.27% during pre-market trading on Thursday, following the release of its first-quarter 2026 financial results.

The automotive technology provider reported quarterly earnings of $0.49 per share, beating the analyst consensus estimate of $0.42 by 16.67%. This represents a 63.33% increase over earnings from the same period last year. Quarterly sales reached $985 million, surpassing the $912.28 million estimate by 7.97% and marking a 12.19% year-over-year increase.

The company also raised its full-year 2026 outlook, increasing its net sales guidance to a range of $3.6 billion to $3.9 billion from the previous $3.6 billion to $3.8 billion. Net income guidance for 2026 was raised to $300 million-$360 million from $295 million-$335 million. Additionally, Garrett repurchased $87 million of its common stock during the quarter, demonstrating confidence in its financial position and commitment to shareholder returns.

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