Analyst Consensus ?
ConsensusHold28 ratings
Bullish1035.7%
Neutral1760.7%
Bearish13.6%
Magna International Inc. · MGA · FY2026 Q1 · Calendar Q2 2026
Magna maintains 2026 outlook as margins expand and portfolio shifts
Magna's maintained 2026 outlook and Q1 improvement support a constructive operating picture, while the thesis depends on continued operational gains, EV and hybrid program execution, and recovery of commercial and prior EV investments.
Reported Before market openNYSEConsumer Cyclical
$16.94B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.38
Consensus $1.01
EPS surprise
+36.6%
Reported versus consensus
Reported revenue
$10.13B
Consensus $10.14B
Revenue surprise
-0.1%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-4.5%
Event window
SPY move
+0.3%
Same window
Abnormal move
-4.7%
Stock minus SPY
Volume
2.4×
Versus trailing sessions
Subsequent drift
+7.1%
Up to 20 sessions
MGASPY benchmark
Ask FN2 about MGA FY2026 Q1
Transcript, numbers and history already loaded
Why did MGA fall 4.5% after beating EPS estimates in FY2026 Q1?What changed in MGA's guidance and outlook in FY2026 Q1?Give me the bull and bear case for MGA after FY2026 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter, the company reported stronger Q1 operating momentum, shifted its capex outlook from increasing to stable, and added portfolio optimization through planned lighting and rooftop-systems divestitures. The current analysis also highlights a dedicated hybrid driveline and cash recovery from prior EV program investments.
Guidance delta
Management maintained 2026 guidance despite modest production-outlook revisions; the call highlighted tariff and raw-material exposure as uncertainties.
Key takeaways
- Q1 margin expansion and EPS growth were supported by operational excellence and strong cash generation.
- New EV and hybrid programs, including GAC and XPENG launches in Europe, remain key growth drivers.
- Lighting and rooftop-systems divestitures are planned for the second half of 2026.
- Tariffs, resin costs and second-half production volumes remain important variables.
Management priorities
- Advance the dedicated hybrid driveline and EV program launches
- Continue operational-excellence and cost-reduction initiatives
- Complete the lighting and rooftop-systems divestitures in H2 2026
- Continue share repurchases under the NCIB program
- Advance digital architecture and factory-of-the-future initiatives
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$63.82Current
$38Low
$70.4Average
$105High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 1, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| CIBC | Neutral | Outperform | Downgrade | Oct 21, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Oct 15, 2026 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Oct 12, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Oct 9, 2026 |
| BMO Capital | Market Perform | Outperform | Downgrade | Sep 18, 2026 |
| JP Morgan | Neutral | Overweight | Downgrade | Sep 15, 2026 |
| Evercore ISI Group | In Line | In Line | Maintain | Aug 4, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Aug 3, 2026 |
| Scotiabank | Sector Outperform | Sector Outperform | Maintain | Aug 3, 2026 |
| UBS | Neutral | Neutral | Maintain | Jul 9, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Jun 4, 2026 |
| Goldman Sachs | Sell | Sell | Maintain | Apr 14, 2026 |
| TD Securities | Buy | Buy | Maintain | Feb 17, 2026 |
| B of A Securities | Neutral | Neutral | Maintain | Jun 16, 2025 |
| Raymond James | Market Perform | Market Perform | Maintain | Feb 18, 2025 |
| Exane BNP Paribas | Outperform | Neutral | Upgrade | Jul 1, 2024 |
| CFRA | Hold | Sell | Upgrade | May 5, 2023 |
| Benchmark | Buy | Buy | Maintain | Nov 8, 2022 |
| Credit Suisse | Outperform | Outperform | Maintain | May 2, 2022 |
| Keybanc | Overweight | Overweight | Maintain | Apr 21, 2021 |
| Seaport Global | Buy | Buy | Maintain | Apr 16, 2019 |
| Deutsche Bank | Buy | Buy | Maintain | Feb 23, 2018 |
| Bank of America | Buy | Underperform | Upgrade | Oct 18, 2017 |
| Edward Jones | Hold | Buy | Downgrade | Jul 26, 2017 |
| Macquarie | Neutral | Outperform | Downgrade | Nov 9, 2016 |
| Susquehanna | Neutral | Neutral | Maintain | Dec 23, 2015 |
| Canaccord Genuity | Buy | Hold | Upgrade | Jan 15, 2015 |
| Guggenheim | Neutral | Neutral | Maintain | Dec 21, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $63.82. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| CIBC | Analyst unavailable | $70 | $66.39 | +9.7% | Oct 21, 2026 |
| Morgan Stanley | Andrew Percoco | $68 | $65.75 | +6.5% | Oct 15, 2026 |
| RBC Capital | Tom Narayan | $68 | $63.56 | +6.5% | Oct 12, 2026 |
| Barclays | Dan Levy | $70 | $63.82 | +9.7% | Oct 9, 2026 |
| BMO Capital | Analyst unavailable | $70 | $64.82 | +9.7% | Sep 18, 2026 |
| Morgan Stanley | Andrew Percoco | $69 | $70.75 | +8.1% | Aug 18, 2026 |
| Barclays | Analyst unavailable | $68 | $67.82 | +6.5% | Aug 7, 2026 |
| Evercore ISI | Analyst unavailable | $70 | $68.93 | +9.7% | Aug 4, 2026 |
| Scotiabank | Jonathan Goldman | $78 | $68.78 | +22.2% | Aug 3, 2026 |
| RBC Capital | Analyst unavailable | $69 | $69.02 | +8.1% | Aug 3, 2026 |
| TD Securities | Analyst unavailable | $80 | $68.66 | +25.4% | Aug 3, 2026 |
| Goldman Sachs | Mark Delaney | $55 | $68.6 | -13.8% | Aug 1, 2026 |
| Scotiabank | Jonathan Goldman | $74 | $66.88 | +16.0% | Jul 20, 2026 |
| RBC Capital | Analyst unavailable | $66 | $64.48 | +3.4% | Jul 13, 2026 |
| UBS | Analyst unavailable | $64 | $64.4 | +0.3% | Jul 9, 2026 |
| Veritas Investment Research | Analyst unavailable | $68 | $58.99 | +6.5% | May 4, 2026 |
| TD Securities | Brian Morrison | $76 | $59.51 | +19.1% | May 4, 2026 |
| Scotiabank | Analyst unavailable | $72 | $62.2 | +12.8% | Apr 23, 2026 |
| Goldman Sachs | Analyst unavailable | $52 | $58.26 | -18.5% | Apr 14, 2026 |
| UBS | Analyst unavailable | $62 | $58.26 | -2.9% | Apr 14, 2026 |
| Morgan Stanley | Andrew Percoco | $65 | $67.13 | +1.8% | Feb 18, 2026 |
| CIBC | Analyst unavailable | $76 | $66.82 | +19.1% | Feb 18, 2026 |
| Scotiabank | Jonathan Goldman | $69 | $65.4 | +8.1% | Feb 17, 2026 |
| TD Securities | Brian Morrison | $75 | $65.67 | +17.5% | Feb 17, 2026 |
| Evercore ISI | Analyst unavailable | $66 | $68.73 | +3.4% | Feb 17, 2026 |
| Goldman Sachs | Analyst unavailable | $49 | $67.11 | -23.2% | Feb 17, 2026 |
| Barclays | Analyst unavailable | $67 | $68.73 | +5.0% | Feb 17, 2026 |
| Wells Fargo | Colin Langan | $69 | $68.73 | +8.1% | Feb 16, 2026 |
| Scotiabank | Jonathan Goldman | $57 | $53.74 | -10.7% | Jan 27, 2026 |
| Barclays | Dan Levy | $58 | $53.41 | -9.1% | Jan 23, 2026 |
| Goldman Sachs | Mark Delaney | $68 | $56.53 | +6.5% | Jan 15, 2026 |
| UBS | Analyst unavailable | $61 | $56.96 | -4.4% | Jan 14, 2026 |
| Wells Fargo | Analyst unavailable | $58 | $56.21 | -9.1% | Jan 12, 2026 |
| Morgan Stanley | Analyst unavailable | $54 | $49.16 | -15.4% | Dec 8, 2025 |
| Evercore ISI | Analyst unavailable | $52 | $47.95 | -18.5% | Nov 24, 2025 |
| BMO Capital | Tamy Chen | $52 | $48.3 | -18.5% | Nov 3, 2025 |
| Scotiabank | Analyst unavailable | $47 | $44.65 | -26.4% | Oct 17, 2025 |
| Evercore ISI | Analyst unavailable | $47 | $44.13 | -26.4% | Oct 13, 2025 |
| RBC Capital | Analyst unavailable | $47 | $43.84 | -26.4% | Oct 10, 2025 |
| Barclays | Dan Levy | $52 | $44.54 | -18.5% | Oct 10, 2025 |
| UBS | Analyst unavailable | $49 | $49.63 | -23.2% | Oct 6, 2025 |
| Wells Fargo | Colin Langan | $45 | $48.5 | -29.5% | Oct 3, 2025 |
| Goldman Sachs | Analyst unavailable | $42 | $46.62 | -34.2% | Sep 29, 2025 |
| TD Securities | Analyst unavailable | $52 | $41.77 | -18.5% | Aug 5, 2025 |
| Scotiabank | Jonathan Goldman | $44 | $41.88 | -31.1% | Jul 14, 2025 |
| CIBC | Krista Friesen | $38 | $33.28 | -40.5% | May 5, 2025 |
| Barclays | Dan Levy | $37 | $32.32 | -42.0% | Apr 15, 2025 |
| Morgan Stanley | Analyst unavailable | $40 | $35.33 | -37.3% | Mar 3, 2025 |
| Raymond James | Michael Glen | $50 | $37.85 | -21.7% | Feb 18, 2025 |
| CIBC | Krista Friesen | $47 | $39.11 | -26.4% | Aug 6, 2024 |
| Wells Fargo | Colin Langan | $43 | $40.43 | -32.6% | Aug 4, 2024 |
| Barclays | Dan Levy | $55 | $44.45 | -13.8% | Jul 16, 2024 |
| Scotiabank | Jonathan Goldman | $52 | $42.31 | -18.5% | Jul 5, 2024 |
| Morgan Stanley | Adam Jonas | $60 | $46.4 | -6.0% | May 10, 2024 |
| TD Securities | Brian Morrison | $62 | $46.4 | -2.9% | May 6, 2024 |
| BMO Capital | Tamy Chen | $60 | $46.62 | -6.0% | May 6, 2024 |
| Evercore ISI | Chris McNally | $62 | $49.84 | -2.9% | Apr 15, 2024 |
| RBC Capital | Tom Narayan | $55.86 | $55.92 | -12.5% | Feb 14, 2023 |
| BMO Capital | Analyst unavailable | $74 | $64.94 | +16.0% | Feb 1, 2023 |
| Wells Fargo | Analyst unavailable | $60 | $56.46 | -6.0% | Dec 21, 2022 |
| Citigroup | Analyst unavailable | $62 | $50.13 | -2.9% | Sep 28, 2022 |
| Morgan Stanley | Adam Jonas | $79 | $61.05 | +23.8% | Jul 23, 2022 |
| Wells Fargo | Analyst unavailable | $77 | $55.39 | +20.7% | Jul 11, 2022 |
| Goldman Sachs | Analyst unavailable | $72 | $64.92 | +12.8% | Jun 1, 2022 |
| Barclays | Analyst unavailable | $64 | $60.77 | +0.3% | May 3, 2022 |
| RBC Capital | Joseph Spak | $79 | $60.77 | +23.8% | May 3, 2022 |
| Credit Suisse | Analyst unavailable | $78 | $58.91 | +22.2% | May 2, 2022 |
| Wells Fargo | Analyst unavailable | $72 | $59.63 | +12.8% | May 2, 2022 |
| Citigroup | Analyst unavailable | $77 | $60.27 | +20.7% | May 2, 2022 |
| Citigroup | Itay Michaeli | $81 | $61.27 | +26.9% | Apr 9, 2022 |
| Credit Suisse | Dan Levy | $100 | $76.16 | +56.7% | Feb 14, 2022 |
| Bank of America Securities | John Murphy | $105 | $84.94 | +64.5% | Jan 6, 2022 |
| TD Securities | Brian Morrison | $98 | $82.2 | +53.6% | Oct 21, 2021 |
| CIBC | Kevin Chiang | $101.86 | $78.3 | +59.6% | Oct 5, 2021 |
| Evercore ISI | Chris McNally | $110 | $82.32 | +72.4% | Aug 6, 2021 |
| KeyBanc | James Picariello | $105 | $94.16 | +64.5% | Apr 21, 2021 |
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Start freeCompany context
Snapshot as of publicationBased in Aurora, Canada, and established in 1957, Magna International Inc. operates as a leading global partner to the automotive industry. The company specializes in the conceptualization, development, and production of an extensive range of components, integrated systems, and complete modules, serving original equipment manufacturers of passenger vehicles and light trucks across the globe. Its comprehensive activities are structured into four key business segments: The Body Exteriors & Structures division focuses on foundational vehicle architecture. This includes essential body and chassis elements, exterior trims, and roof systems, along with advanced battery enclosures. This segment also provides specialized engineering and testing capabilities, delivering products such as bumper fascia, integrated front-end modules, liftgate assemblies, active aerodynamic components, specialized automotive glass, running boards, truck bed access systems, and side door structures.…
Historical context
All MGA earningsConsumer Cyclical peers this season
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|---|---|---|---|---|
| H Hyatt Hotels Corporation | FY2026 Q3 · Calendar Q4 2026 | +67.1% | +6.3% | Hyatt raises RevPAR and fee-growth outlook after strong Q3 |
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| SBUX Starbucks Corporation | FY2026 Q4 · Calendar Q4 2026 | +11.3% | -1.7% | Starbucks posts resilient comps and sets FY27 margin targets |
| RIVN Rivian Automotive, Inc. | FY2026 Q3 · Calendar Q4 2026 | +25.4% | +6.2% | Rivian’s R2 scale-up lifted Q3 output and software momentum |
| AMZN Amazon.com, Inc. | FY2026 Q3 · Calendar Q4 2026 | -4.1% | -1.6% | Amazon pairs accelerating AWS AI demand with sustained capital intensity |
Latest beats and misses
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Missed on EPS
- GLPIFY2026 Q3 · October 29, 2026-11.5% EPS-1.3% move
- LYBFY2026 Q3 · October 30, 2026-1.2% EPS+5.0% move
- CCJFY2026 Q3 · October 30, 2026-101.4% EPS-7.9% move
- VALEFY2026 Q3 · October 29, 2026-24.6% EPS+1.9% move
- DLR-PLFY2026 Q3 · October 29, 2026-8.4% EPS— move
- DLR-PKFY2026 Q3 · October 29, 2026-8.4% EPS— move
Get the MGA recap when the next report posts
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-11-01T17:50:40.536326+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-01T17:50:40.533601+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-01. For educational purposes only; not investment advice.