Thx
EPS of $1.33 beat estimates of $1.25; revenue of $10.46B beat estimates of $10.27B. EBITDA of $1.03B beat estimates by 8%. Magna's 2026 earnings growth could be supported by a margin recovery, driven by improving production at OEMs and stronger program economics. The company's upbeat 4Q guidance is likely due to tariff and commercial recoveries, along with healthy productionfrom key OEM customers. MG's supplier's continuous cost-cutting and operational excellence could further release margin gains in 2026. In the US, major customers are benefiting from a more profitable sales mix, with higher sales of pickups and SUVs offsetting lower EV production, which should enhance Magna's program economics for upcoming 2026 launches. Meanwhile, the Nexperia chip shortage is being actively mitigated through alternative sourcing, with the overall impact expected to be manageable. Things are improving here.