Q2 sales reached US$6.2 billion, up from US$6.0 billion a year earlier. Core operating earnings increased to US$313 million from US$292 million, while adjusted earnings per share rose to US$4.28 from US$3.47. Operating cash flow improved significantly to US$461 million, compared with US$296 million in the second quarter of 2025.
Lear said it secured US$2.9 billion in new business awards during the quarter, across both Seating and E-Systems. The company highlighted new ComfortFlex and FlexAir awards with Audi, BMW and a North American electric vehicle automaker, as well as awards with Chinese automakers including Leapmotor in South America and a luxury Chinese automaker and BAIC.
The company also continued to focus on automation and operational efficiency through its IDEA by Lear initiative, including an automation pilot at its Wismar Connection Systems plant. Lear said it had delivered positive operating performance in both segments, with Seating margins reaching 6.7% and E-Systems margins 5.8% in the second quarter.
Looking ahead, Lear raised its 2026 full-year outlook, forecasting sales of US$23.54–24.01 billion, core operating earnings of US$1.08–1.20 billion and free cash flow of US$590–690 million. The outlook excludes any future impact from potential changes to tariffs or company- or industry-wide production disruptions.
Lear to cut 180 jobs in Germany
Despite these results, Lear is to cease production and logistics operations at its Gründau facility in Germany, with around 180 jobs expected to be affected. Read more here.
