Adient reports Q2 net income of $27M and raises FY26 guidance despite cost headwinds
Adient reported second quarter net income of $27 million and adjusted earnings per share of $0.52, while modestly raising its full-year guidance despite expecting $35 million in higher input costs in the second half.
$223M
$0.52
$1.6B
What Happened
Adient, a global leader in automotive seating, announced its second quarter fiscal 2026 results with GAAP net income of $27 million and diluted EPS of $0.34. Adjusted diluted EPS was $0.52, and adjusted EBITDA reached $223 million, representing a margin of 5.8%. The company reported gross debt of approximately $2.4 billion and net debt of $1.6 billion, with cash and cash equivalents of $831 million as of March 31, 2026.
Despite facing $35 million of increased input costs expected in the second half of fiscal 2026, Adient is modestly raising its full-year guidance. CEO Jerome Dorlack and CFO Mark Oswald will discuss the results in a conference call later today.
Why this matters
The results show Adient's ability to manage costs and maintain profitability in a challenging automotive market, providing confidence in its financial outlook.
Terms in This Story
- GAAP
- Generally Accepted Accounting Principles, a standard framework for financial reporting.
- EBITDA
- Earnings Before Interest, Taxes, Depreciation, and Amortization, a measure of operational profitability.
- EPS
- Earnings Per Share, net income divided by the number of outstanding shares.
Summarised from the linked release; details can be imperfect — always verify against the original source.