LEA

EX-99.1

2 lear-2026jul31_8xkxex991.htm

EX-99.1

Document

FOR IMMEDIATE RELEASE

Lear Reports Second Quarter 2026 Results; Raises Full-Year Guidance

SOUTHFIELD, Mich., July 31, 2026 -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today reported results for the second quarter 2026 and raised the midpoints of its financial outlook for the full year 2026.

Second Quarter 2026 Financial Highlights

•Revenue of $6.2 billion, an increase of 3%, compared to $6.0 billion in the second quarter of 2025

•Net income of $193 million and adjusted net income of $217 million, compared to $165 million and $188 million, respectively, in the second quarter of 2025

•Core operating earnings of $313 million, an increase of 7%, compared to $292 million in the second quarter of 2025

•Earnings per share of $3.79 and adjusted earnings per share of $4.28, compared to $3.06 and $3.47, respectively, in the second quarter of 2025

•Earnings per share increased 24% year-over-year and adjusted earnings per share increased 23% year-over-year, reflecting higher earnings and the benefit of our share repurchase program

•Net cash provided by operating activities increased 55% to $461 million and free cash flow increased 69% to $288 million, compared to $296 million and $171 million, respectively, in the second quarter of 2025

•Repurchased $100 million of shares and paid $39 million in dividends

•Cash and cash equivalents at quarter-end of $1.0 billion and total liquidity of $3.0 billion

Second Quarter 2026 Business Highlights

•Expanded our Seating leadership position through significant new and conquest awards with Audi for complete seats, ComfortFlex™ and FlexAir® in Europe and North America, a complete seat award with Leapmotor in South America (an important award with a Chinese automaker outside of China) and being named the 2025 General Motors Supplier of the Year as well as a 2026 Automotive News PACE Award finalist for our modular thermal comfort systems (ComfortFlexTM and ComfortMax Seat by LearTM)

•Continued to grow our core E-Systems products with new awards for wire with a luxury Chinese automaker and BAIC in China, a replacement and partial conquest award for low- and high-voltage wire with Renault in Europe, new awards with Stellantis in North America, and being named the 2025 General Motors Supplier of the Year for Wire for the first time

“Lear continued its strong start to 2026 despite a dynamic operating environment, delivering improved year-over-year revenue and operating income in both segments - results that give us the confidence to raise our full-year guidance. We continue to win significant new business awards, including key new and conquest program awards with Audi, while accelerating our growth with Chinese automakers, including our award with Leapmotor in South America,” said Ray Scott, Lear’s President and Chief Executive Officer. “We also opened our Advanced

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Manufacturing Integration Center in Rochester Hills, Michigan, showcasing our industry-leading capabilities in automation and digital tools through IDEA by LearTM. Our innovations continue to be recognized as our modular thermal comfort systems were named as a finalist for the 2026 Automotive News PACE Awards. Our strong cash generation enabled us to further increase the pace of share repurchases, driving strong earnings per share growth while sustaining our dividend.”

Second Quarter Financial Results

(in millions, except per share amounts)

20262025

Reported

Sales$6,209.4 $6,030.4

Net income$192.8 $165.2

Earnings per share$3.79 $3.06

Adjusted(1)

Core operating earnings$313.2 $291.8

Adjusted net income$217.4 $187.8

Adjusted earnings per share$4.28 $3.47

In the second quarter, global vehicle production was flat compared to a year ago, with North America flat, Europe down 2% and China down 4%. Global vehicle production was down approximately 1% on a Lear sales-weighted basis(2).

Sales in the second quarter were $6.2 billion, up 3% year-over-year. Sales excluding the impact of commodities, foreign exchange and tariff recoveries were up 1%, reflecting commercial recoveries and the addition of new business, partially offset by lower production on key Lear platforms.

Core operating earnings were $313 million, or 5.0% of sales, as compared to $292 million, or 4.8% of sales, in 2025. Earnings were impacted by the addition of new business and changes in foreign exchange rates, offset by lower production on key Lear platforms.

In the Seating segment, margins and adjusted margins were 6.2% and 6.7% of sales, respectively, a decrease from 6.4% and flat compared to 6.7%, respectively, in 2025. In the E-Systems segment, margins and adjusted margins were 5.4% and 5.8% of sales, respectively, an increase from 3.5% and 4.9%, respectively, in 2025.

Net income was $193 million, an increase of 17%, compared to $165 million in 2025. Adjusted net income was $217 million, an increase of 16%, compared to

EX-99.1

2 lear-2026may1_8xkxex991.htm

EX-99.1

Document

FOR IMMEDIATE RELEASE

Lear Reports First Quarter 2026 Results;

The Highest EPS Since 2021 And The Highest Adjusted EPS Since 2019

SOUTHFIELD, Mich., May 1, 2026 -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today reported results for the first quarter 2026 and reaffirmed its financial outlook for the full year 2026.

First Quarter 2026 Financial Highlights

•Revenue of $5.8 billion, an increase of 5%, compared to $5.6 billion in the first quarter of 2025

•Net income of $172 million and adjusted net income of $200 million, compared to $81 million and $169 million, respectively, in the first quarter of 2025

•Core operating earnings of $297 million, an increase of 10%, compared to $270 million in the first quarter of 2025

•Earnings per share of $3.34 and adjusted earnings per share of $3.87, compared to $1.49 and $3.12, respectively, in the first quarter of 2025

•Adjusted earnings per share grew 24% year over year, reflecting higher earnings and the benefit of our share repurchase program

•Net cash provided by (used in) operating activities of $98 million and free cash flow of $(27) million, compared to $(128) million and $(232) million, respectively, in the first quarter of 2025

•Repurchased $75 million of shares and paid $43 million in dividends

•Cash and cash equivalents at quarter-end of $882 million and total liquidity of $2.9 billion

First Quarter 2026 Business Highlights

•Growing our core E-Systems products with key wins, including wire awards for a subset of harnesses for General Motors’ full-size SUVs, with SAIC in China launching in 2027 and with Geely and Dongfeng for new products launching in the second half of 2026; and electronics awards for a power distribution module with a North American automaker for their next generation electrical architecture on major platforms and a high-voltage power distribution module with Audi

•Expanding our leadership position in Seating with new complete seat awards with Toyota in China through a non-consolidated joint venture; ComfortFlexTM awards with Audi and BMW; and a ComfortMax SeatTM award with Geely

“Lear started 2026 strong in a dynamic operating environment, delivering the highest quarterly adjusted earnings per share since 2019 and improved year-over-year margins in both segments. Our differentiated capabilities continue to drive significant new business awards and accelerated growth with Chinese automakers increasing our backlog in both segments, building on the momentum from the largest Seating conquest win in our history secured at the end of last year” said Ray Scott, Lear’s President and Chief Executive Officer. “Our targeted investments in automation and digital tools are supporting our long-term growth strategy and allowing us to launch key programs such as the seats for the GM full-size SUVs and pickup

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trucks in Orion with unprecedented speed. Our strong cash generation outlook enabled us to continue returning excess cash to shareholders by increasing the pace of share repurchases in the quarter, resulting in strong earnings per share growth while maintaining our dividend.”

First Quarter Financial Results

(in millions, except per share amounts)

20262025

Reported

Sales$5,822.8 $5,560.3

Net income$172.3 $80.7

Earnings per share$3.34 $1.49

Adjusted(1)

Core operating earnings$297.3 $270.4

Adjusted net income$199.5 $169.3

Adjusted earnings per share$3.87 $3.12

In the first quarter, global vehicle production was down 3% compared to a year ago, with North America down 2%, Europe down 1% and China down 10%. Global vehicle production was up 3% on a Lear sales-weighted basis(2) impacted by Lear’s fiscal calendar.

Sales in the first quarter were $5.8 billion, up 5% year-over-year. Organic sales (sales excluding the impact of commodities, foreign exchange, tariff recoveries, acquisitions and divestitures) were up 3%, reflecting increased production on key Lear platforms and the addition of new business.

Core operating earnings were $297 million, or 5.1% of sales, as compared to $270 million, or 4.9% of sales, in 2025. Earnings were impacted by increased production on key Lear platforms and changes in foreign exchange rates.

In the Seating segment, margins and adjusted margins increased to 6.3% and 6.9% of sales, respectively, from 5.2% and 6.7%, respectively, in 2025. In the E-Systems segment, margins and adjusted margins were 5.2% and 6.1% of sales, respectively, increasing from 3.9% and 5.2%, respectively, last year.

Net income was $172 million, as compared to $81 million in 2025. Adjusted net income was $200 million, an increase of 18%, compared to $169 million in 2025.

Earnings per share were $3.34 and adjusted earnings per share were $3.87, as compared to $1.49 and $3.12, respectively, a year ago, reflecting increased earnings, lower share count and lower effective tax rate. Adjusted earnings per share grew 2

lear-202602040000842162false00008421622026-02-042026-02-04

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 4, 2026

LEAR CORPORATION

(Exact name of Registrant as specified in its charter)

Delaware1-1131113-3386776 (State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification Number)

21557 Telegraph Road, Southfield, MI 48033 (Address of principal executive offices)

(248) 447-1500 (Registrant’s telephone number, including area code)

N/A (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:

Title of Each ClassTrading Symbol(s)Name of Each Exchange on Which Registered Common stock, par value $0.01 LEANew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐

Section 2 - Financial Information

Item 2.02     Results of Operations and Financial Condition.

On February 4, 2026, Lear Corporation issued a press release reporting financial results for the fourth quarter and full year 2025 and providing its financial outlook for full year 2026. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference herein.

The information contained in Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Section 9 - Financial Statements and Exhibits

Item 9.01    Financial Statements and Exhibits (d)    Exhibits

Exhibit Number Exhibit Description

99.1 Press release issued February 4, 2026, furnished herewith.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.

Lear Corporation

February 4, 2026  By: /s/ Jason M. Cardew Name: Jason M. Cardew Title: Senior Vice President and Chief Financial Officer