Stock Track | Garrett Motion Soars 14.26% Intraday on Strong Q1 Earnings Beat and Raised 2026 Outlook

Stock Track
Apr 30

Garrett Motion Inc.'s stock soared 14.26% during intraday 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%. Quarterly sales reached $985 million, surpassing the $912.28 million estimate by 7.97% and marking a 12% year-over-year increase. Net income jumped 53% to $95 million.

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10