Autoliv Inc 8-K, filed Oct 23, 2026

Autoliv Inc (ALV)

8-K 2026-10-23 For: 2026-10-23

Added on October 23, 2026

About this 8-K

Autoliv Inc filed this 8-K on October 23, 2026.

Autoliv reported Q3 2026 net sales of $2,693 million, a 1.1% organic sales decrease, and a 9.7% adjusted operating margin. Full-year 2026 guidance calls for around 0% organic sales growth and around 10.5% adjusted operating margin. AI summary

Items reported

Item 2.02: Financial results
Item 7.01: Regulation FD disclosure
Item 9.01: Financial statements and exhibits

Search and read filings like this one from Claude or ChatGPT with the SEC filings MCP server →


Delaware	001-12933	Not applicable
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

Klarabergsviadukten 70, Section D 5th Floor, Box 70381,
Stockholm, Sweden		SE-107 24
(Address of Principal Executive Offices)		(Zip Code)


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock (par value $1.00 per share)	ALV	New York Stock Exchange


99.1		Press Release of Autoliv, Inc. dated October 23, 2026.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).


Exhibit No.		Description

99.1		Press Release of Autoliv, Inc. dated October 23, 2026.

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


	AUTOLIV, INC

	By:		/s/ Anthony J. Nellis
	Name:		Anthony J. Nellis
	Title:		Executive Vice President, Legal Affairs and General Counsel

Autoliv Inc 8-K, filed Oct 23, 2026

About this 8-K

Items reported

FORM 8-K

Item 2.02 Results of Operations and Financial Condition.

Item 7.01 Regulation FD Disclosure.

Item 9.01 Financial Statements and Exhibits.

Key business developments in the third quarter of 2026

Comments from Mikael Bratt, President & CEO

Key definitions ------------------------------------------------------------------------------------------------------------

Adj. operating income and margin*: Operating income adjusted for capacity alignments, antitrust related matters and for FY 2023 the Andrews litigation settlement. Capacity alignments include non-recurring costs related to our structural efficiency and business cycle management programs.

Capex, net: Capital Expenditure, net, defined as Expenditures for Property, Plant and Equipment less Proceeds from sale of Property, Plant and Equipment.

Cash conversion: Free operating cash flow in relation to net income. Free operating cash flow is defined as operating cash flow less capital expenditure, net.

Consolidated sales development

Third quarter 2026

Consolidated sales development

First nine months 2026


(Dollars in millions, except per share data)	Q3 2026	Q3 2025	Change	9M 2026	9M 2025	Change
Net sales	$2,693	$2,706	(0.5)%	$8,249	$7,998	3.1%
Operating income	254	267	(5.0)%	683	769	(11)%
Adjusted operating income1)	262	271	(3.4)%	776	777	(0.1)%
Operating margin	9.4%	9.9%	(0.4)pp	8.3%	9.6%	(1.3)pp
Adjusted operating margin1)	9.7%	10.0%	(0.3)pp	9.4%	9.7%	(0.3)pp
Earnings per share - diluted	2.13	2.28	(6.8)%	5.36	6.59	(19)%
Adjusted earnings per share - diluted1)	2.19	2.32	(5.7)%	6.67	6.67	(0.1)%
Operating cash flow	239	258	(7.3)%	598	613	(2.5)%
Return on capital employed2)	24.1%	25.1%	(1.0)pp	21.5%	24.9%	(3.4)pp
Adjusted return on capital employed1,2)	24.4%	25.5%	(1.0)pp	24.2%	25.2%	(1.0)pp
Dividends paid	(63)	(65)	(2.7)%	(192)	(173)	11%
Share repurchases	(150)	(100)	50%	(350)	(201)	74%
1) Excluding effects from capacity alignments and antitrust related matters. Non-GAAP measure, see reconciliation table. 2) Annualized operating income and income from equity method investments, relative to average capital employed.


Comments from Mikael Bratt, President & CEO
	We continued to deliver well across all key areas in the third quarter. Our sales in India grew by nearly 30% and our sales to Chinese OEMs grew by more than 20%. Strong sales growth in Japan contributed to our sales in Asia exceeding China in the quarter. Globally, our organic sales performance exceeded global LVP by around 1pp, significantly outpacing LVP growth in India, Japan and with Chinese OEMs.	To support our growing partnerships with Chinese OEMs, our innovation capabilities, global competitiveness and long term growth, we opened our second R&D center in China in Q3. The business environment remains uncertain but we anticipate a strong fourth quarter supported by an increasing number of product launches and significant raw material recoveries. Throughout the year, cost headwinds have increased materially, mainly related to raw materials, logistics, the recent flooding in Thailand and lower call off accuracy since Q1. We have been able to offset the majority of these cost headwinds mainly through labor efficiency, material savings through Value Engineering and successful negotiations with customers and suppliers. However, the additional headwinds narrows our full year adjusted operating margin expectation to around 10.5%, the low end of our range of around 10.5-11%. We continue to expect unchanged organic sales growth and an operating cash flow of around $1.2 billion. Based on our full year guidance, we continue to expect strong cash flow for the year, which supports our ambition to provide attractive shareholder returns through share repurchases and dividends. Finally, I would like to invite you to our 2027 Investor Day, which will take place in Shanghai, China, on April 26 and 27, 2027. It will be held in connection with the Auto Shanghai, the largest and most important auto show in the world.
We continued to successfully manage geopolitical developments during the quarter, limiting the effects of tariffs, supply chain challenges and raw material price increases. Well-executed cost reduction initiatives and increased engineering income contributed to a third quarter adjusted operating margin of 9.7%. Our cash flow remained strong, supporting our ambitious shareholder return strategy. Our leverage ratio of 1.3x was almost unchanged compared with the prior quarter, despite repurchasing around 1.23 million shares for $150 million and paying dividends of $63 million in the quarter. Over the last 12 months, we have repurchased 4.14 million shares for $500 million, in addition to paying $258 million in dividends and keeping our debt leverage ratio unchanged.


Full year 2026 Guidance
Organic sales growth	Around 0%
Adjusted operating margin1)	Around 10.5%
Operating cash flow2)	Around $1.2 billion
Capex, net, % of sales	Around 4%
1) Excluding effects from capacity alignments, antitrust related matters and other discrete items. 2) Excluding unusual items.


Full year 2026 Assumptions
LVP growth	Around 2% negative
FX impact on net sales	Around 2.5% positive
Tax rate3)	Around 30%
3) Excluding unusual tax items.


Sales Development by region	Operating and adjusted* operating income and margins


Consolidated sales	Third quarter		Reported change	Currency	Organic
(Dollars in millions)	2026	2025	(U.S. GAAP)	effects1)	change*
Airbags, Steering Wheels and Other2)	$1,847	$1,830	0.9%	0.7%	0.2%
Seatbelt Products and Other2)	845	875	(3.5)%	0.5%	(3.9)%
Total	$2,693	$2,706	(0.5)%	0.6%	(1.1)%

Americas	$901	$897	0.4%	3.3%	(2.9)%
EMEA	711	745	(4.5)%	(1.6)%	(2.9)%
Asia excl. China	553	538	2.7%	(6.1)%	8.8%
China	528	526	0.4%	6.2%	(5.8)%
Total	$2,693	$2,706	(0.5)%	0.6%	(1.1)%
1) Effects from currency translations. 2) Including Corporate sales.


Q3 2026 organic growth*	Americas	EMEA	Asia excl. China	China	Global
Autoliv	(2.9)%	(2.9)%	8.8%	(5.8)%	(1.1)%
Main growth drivers	Honda, Subaru, Toyota	Mercedes, JLR, EV OEM	Suzuki, Indian OEM, Mazda	Chery, Geely, Great Wall	Mercedes, Chery, Suzuki
Main decline drivers	Ford, Stellantis, EV OEM	VW, BMW, Stellantis	Subaru, Mitsubishi, Ford	Honda,VW, BMW	VW, Ford, Stellantis


Consolidated sales	First nine months		Reported change	Currency	Organic
(Dollars in millions)	2026	2025	(U.S. GAAP)	effects1)	change*
Airbags, Steering Wheels and Other2)	$5,617	$5,395	4.1%	2.8%	1.3%
Seatbelt Products and Other2)	2,632	2,603	1.1%	3.1%	(2.0)%
Total	$8,249	$7,998	3.1%	2.9%	0.2%

Americas	$2,673	$2,639	1.3%	5.1%	(3.8)%
EMEA	2,378	2,337	1.8%	4.1%	(2.3)%
Asia excl. China	1,655	1,572	5.3%	(5.1)%	10%
China	1,542	1,450	6.4%	5.9%	0.5%
Total	$8,249	$7,998	3.1%	2.9%	0.2%
1) Effects from currency translations. 2) Including Corporate sales.


9M 2026 organic growth*	Americas	EMEA	Asia excl. China	China	Global
Autoliv	(3.8)%	(2.3)%	10%	0.5%	0.2%
Main growth drivers	Subaru, Honda, Stellantis	Mercedes, EV OEM, Renault	Suzuki, Indian OEM, Mazda	Chery, Nio, Geely	Suzuki, Chery, Nio
Main decline drivers	Ford, Hyundai, EV OEM	VW, Stellantis, BMW	Subaru, Ford, Mitsubishi	VW, Honda, Mercedes	VW, Ford, BMW


Condensed Income Statement	Third quarter			First nine months
(Dollars in millions, except per share data)	2026	2025	Change	2026	2025	Change
Net sales	$2,693	$2,706	(0.5)%	$8,249	$7,998	3.1%
Cost of sales	(2,197)	(2,184)	0.6%	(6,717)	(6,496)	3.4%
Gross profit	496	522	(5.0)%	1,531	1,502	2.0%
S,G&A	(138)	(137)	0.9%	(437)	(427)	2.4%
R,D&E, net	(99)	(117)	(16)%	(341)	(319)	6.8%
Other income (expense), net	(5)	(1)	559%	(70)	13	n/a
Operating income	254	267	(5.0)%	683	769	(11)%
Adjusted operating income1)	262	271	(3.4)%	776	777	(0.1)%
Financial and non-operating items, net	(24)	(27)	(13)%	(97)	(76)	28%
Income before taxes	230	240	(4.0)%	586	693	(15)%
Income taxes	(75)	(65)	16%	(188)	(183)	3.0%
Net income	$155	$175	(11)%	$398	$510	(22)%

Earnings per share - diluted2)	$2.13	$2.28	(6.8)%	$5.36	$6.59	(19)%
Adjusted earnings per share - diluted1,2)	$2.19	$2.32	(5.7)%	$6.67	$6.67	(0.1)%

Gross margin	18.4%	19.3%	(0.9)pp	18.6%	18.8%	(0.2)pp
S,G&A, in relation to sales	(5.1)%	(5.1)%	(0.1)pp	(5.3)%	(5.3)%	0.0pp
R,D&E, net in relation to sales	(3.7)%	(4.3)%	0.7pp	(4.1)%	(4.0)%	(0.1)pp
Operating margin	9.4%	9.9%	(0.4)pp	8.3%	9.6%	(1.3)pp
Adjusted operating margin1)	9.7%	10.0%	(0.3)pp	9.4%	9.7%	(0.3)pp
Tax Rate	32.5%	26.9%	5.6pp	32.2%	26.4%	5.8pp

Other data
No. of shares at period-end in millions2)	72.0	76.0	(5.2)%	72.0	76.0	(5.2)%
Weighted average no. of shares in millions, basic2)	72.6	76.4	(4.9)%	73.8	77.0	(4.1)%
Weighted average no. of shares in millions, diluted2)	72.9	76.7	(5.0)%	74.1	77.3	(4.2)%
1) Non-GAAP measure, excluding effects from capacity alignments and antitrust related matters. See reconciliation table. 2) Net of treasury shares.


Q3 2026	Americas	EMEA	Asia excl. China	China	Global
LVP (Oct 2026)	(3.0)%	0.8%	6.4 %	(6.9)%	(1.9)%
LVP (Jul 2026)	(2.2)%	(0.4)%	2.1%	(4.0)%	(2.1)%


Selected Cash Flow items	Third quarter			First nine months
(Dollars in millions)	2026	2025	Change	2026	2025	Change
Net income	$155	$175	(11)%	$398	$510	(22)%
Depreciation and amortization	107	103	3.1%	328	299	10%
Other non-cash adjustments, net	22	32	(30)%	26	20	26%
Changes in operating working capital	(45)	(53)	(15)%	(154)	(217)	(29)%
Operating cash flow	239	258	(7.3)%	598	613	(2.5)%
Capital expenditure, net1)	(115)	(106)	8.7%	(293)	(313)	(6.4)%
Free operating cash flow2)	$124	$153	(18)%	$305	$300	1.7%
Cash conversion3)	80%	87%	(6.9)pp	77%	59%	18pp
Shareholder returns
- Dividends paid	(63)	(65)	(2.7)%	(192)	(173)	11%
- Share repurchases	(150)	(100)	50%	(350)	(201)	74%
Cash dividend paid per share	$(0.87)	$(0.85)	2.6%	$(2.61)	$(2.25)	16%
Capital expenditures, net in relation to sales	4.3%	3.9%	0.4pp	3.6%	3.9%	(0.3)pp
1) Defined as Expenditures for property, plant and equipment less Proceeds from sale of property, plant and equipment. 2) Operating cash flow less Capital expenditure, net. Non-GAAP measure. See enclosed reconciliation table. 3) Free operating cash flow relative to Net income. Non-GAAP measure. See reconciliation table.


Selected Balance Sheet items	Third quarter
(Dollars in millions)	2026	2025	Change
Trade working capital1)	$1,451	$1,504	(3.6)%
Trade working capital in relation to sales2)	13.5%	13.9%	(0.4)pp
- Receivables outstanding in relation to sales3)	22.5%	21.8%	0.7pp
- Inventory outstanding in relation to sales4)	9.5%	9.6%	(0.1)pp
- Payables outstanding in relation to sales5)	18.5%	17.5%	1.0pp
Cash & cash equivalents	197	225	(12)%
Gross Debt6)	1,934	2,027	(4.6)%
Net Debt7)	1,763	1,772	(0.5)%
Capital employed8)	4,233	4,331	(2.3)%
Return on capital employed9)	24.1%	25.1%	(1.0)pp
Total equity	2,470	2,559	(3.5)%
Return on total equity10)	25.0%	27.9%	(2.8)pp
Leverage ratio11)	1.3	1.3	(0.0)
1) Outstanding receivables and outstanding inventory less outstanding payables. Non-GAAP measure, see reconciliation table. 2) Outstanding receivables and outstanding inventory less outstanding payables relative to annualized quarterly sales. Non-GAAP measure, see reconciliation table. Annualized quarterly sales is calculated as the quarterly sales amount multiplied by four. 3) Outstanding receivables relative to annualized quarterly sales. 4) Outstanding inventory relative to annualized quarterly sales. 5) Outstanding payables relative to annualized quarterly sales. 6) Short- and long-term interest-bearing debt. 7) Short- and long-term debt less cash and cash equivalents and debt-related derivatives. Non-GAAP measure. See reconciliation table. 8) Total equity and net debt. 9) Annualized operating income and income from equity method investments, relative to average capital employed. See definitions of "Annualized operating income" in footnote to the reconciliation tables below. 10) Annualized net income relative to average total equity. See definitions of "Annualized net income" in footnote to the reconciliation tables below. 11) Net debt adjusted for pension liabilities in relation to EBITDA. Non-GAAP measure. See reconciliation table.


	Sep 30	Jun 30	Sep 30
	2026	2026	2025
Total headcount	64,400	63,500	65,200
Whereof: Direct headcount in manufacturing	47,000	46,200	47,900
Indirect headcount	17,400	17,300	17,300
Temporary personnel	13%	11%	9%


This report contains statements that are not historical facts but rather forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those that address activities, events or developments that Autoliv, Inc. or its management believes or anticipates may occur in the future. All forward-looking statements are based upon our current expectations, various assumptions and/or data available from third parties. Our expectations and assumptions are expressed in good faith, and we believe there is a reasonable basis for them. However, there can be no assurance that such forward-looking statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual future results, performance or achievements to differ materially from the future results, performance or achievements expressed in or implied by such forward-looking statements. In some cases, you can identify these statements by forward-looking words such as “estimates”, “expects”, “anticipates”, “projects”, “plans”, “intends”, “believes”, “may”, “likely”, “might”, “would”, “should”, “could”, or the negative of these terms and other comparable terminology, although not all forward-looking statements contain such words. Because these forward-looking statements involve risks and uncertainties, the outcome could differ materially from those set out in the forward-looking statements for a variety of reasons, including without limitation: general global and regional economic conditions, including the impact of inflation; changes in light vehicle production; fluctuation in vehicle production schedules for which the Company is a supplier; global supply chain disruptions, including port, transportation, and distribution delays or interruptions; supply chain disruptions, and component shortages specific to the automotive industry or the Company; potential changes to beneficial free trade agreements and regulations, such as the United States-Mexico-Canada Agreement; changes in geopolitical and other economic and political conditions or developments, including inflation, changes trade policies, tariff regimes, and other developments in and by countries in which we do business that could materially impact supply chains, margins, access to capital, or overall business performance; political stability or geopolitical conflicts; changes in general industry or market conditions, including regional economic growth or decline; changes in and the successful execution of our capacity alignment, restructuring, cost reduction, and efficiency initiatives and the market reaction thereto; loss of business from increased competition; volatility or increases in raw material, fuel, and energy costs, changes in consumer and customer preferences for end products; loss of customers or sales; legislative or regulatory changes; customer bankruptcies, consolidations or restructuring or divestiture of customer brands; unfavorable fluctuations in currencies or interest rates among the various jurisdictions in which we operate; market acceptance of our new products; costs or difficulties related to the integration of any new or acquired businesses and technologies; continued uncertainty in pricing and other negotiations with		customers, including inflation and tariff compensations; successful integration of acquisitions and operations of joint ventures; successful implementation of strategic partnerships and collaborations; our ability to be awarded new business; product liability, warranty and recall claims and investigations and other litigation, civil judgments or financial penalties and customer reactions thereto; higher expenses for our pension and other postretirement benefits, including higher funding needs for our pension plans; work stoppages or other labor issues; possible adverse results of pending or future litigation or infringement claims, and the availability of insurance with respect to such matters; our ability to protect our intellectual property rights; negative impacts of antitrust investigations or other governmental investigations and associated litigation relating to the conduct of our business; tax assessments or results of tax audits by governmental authorities and changes in our effective tax rate; dependence on key personnel; our ability to meet our sustainability targets, goals and commitments; dependence on and relationships with customers and suppliers; the conditions necessary to hit our financial targets; and other risks and uncertainties identified under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Reports and Quarterly Reports on Forms 10-K and 10-Q and any amendments thereto. For any forward-looking statements contained in this or any other document, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we assume no obligation to update publicly or revise any forward-looking statements in light of new information or future events, except as required by law.


	Third quarter		First nine months		Latest 12	Full Year
(Dollars in millions, except per share data, unaudited)	2026	2025	2026	2025	months	2025
Airbags, Steering Wheels and Other1)	$1,847	$1,830	$5,617	$5,395	$7,524	$7,302
Seatbelt products and Other1)	845	875	2,632	2,603	3,542	3,513
Total net sales	2,693	2,706	8,249	7,998	11,066	10,815

Cost of sales	(2,197)	(2,184)	(6,717)	(6,496)	(8,963)	(8,741)
Gross profit	496	522	1,531	1,502	2,104	2,074

Selling, general & administrative expenses	(138)	(137)	(437)	(427)	(581)	(571)
Research, development & engineering expenses, net	(99)	(117)	(341)	(319)	(435)	(413)
Other income (expense), net	(5)	(1)	(70)	13	(85)	(2)
Operating income	254	267	683	769	1,003	1,088

Income from equity method investments	0	2	2	4	4	6
Interest income	2	3	7	7	10	10
Interest expense	(23)	(25)	(76)	(77)	(102)	(103)
Other non-operating items, net	(2)	(7)	(30)	(10)	(35)	(15)
Income before income taxes	230	240	586	693	879	986

Income taxes	(75)	(65)	(188)	(183)	(256)	(250)
Net income	155	175	398	510	623	736

Less: Net income attributable to non-controlling interest	0	0	1	1	1	1
Net income attributable to controlling interest	$155	$175	$397	$509	$622	$735

Earnings per share - diluted	$2.13	$2.28	$5.36	$6.59	$8.36	$9.55
1) Including Corporate sales.


	Sep 30	Jun 30	Mar 31	Dec 31	Sep 30
(Dollars in millions, unaudited)	2026	2026	2026	2025	2025
Assets
Cash & cash equivalents	$197	$377	$342	$604	$225
Receivables, net	2,422	2,387	2,422	2,236	2,357
Inventories, net	1,020	945	947	992	1,036
Prepaid expenses	229	224	206	212	226
Other current assets	83	76	71	57	102
Total current assets	3,951	4,009	3,987	4,101	3,946

Property, plant & equipment, net	2,349	2,340	2,356	2,417	2,402
Operating leases right-of-use assets	159	157	166	171	167
Goodwill and intangible assets, net	1,398	1,394	1,392	1,386	1,387
Investments and other non-current assets	571	597	567	568	561
Total assets	8,427	8,497	8,468	8,644	8,463

Liabilities and equity
Short-term debt	251	350	393	419	654
Accounts payable	1,990	1,982	1,862	2,007	1,889
Accrued liabilities	1,189	1,130	1,024	1,050	1,172
Operating lease liabilities - current	41	41	43	43	44
Other current liabilities	387	394	386	404	383
Total current liabilities	3,859	3,897	3,708	3,923	4,141

Long-term debt	1,683	1,688	1,699	1,734	1,374
Pension liability	175	180	176	169	167
Operating lease liabilities - non-current	113	110	117	122	118
Other non-current liabilities	127	122	125	113	105
Total non-current liabilities	2,098	2,099	2,115	2,138	1,763

Total parent shareholders’ equity	2,459	2,490	2,634	2,572	2,549
Non-controlling interest	11	11	10	10	10
Total equity	2,470	2,501	2,644	2,582	2,559

Total liabilities and equity	$8,427	$8,497	$8,468	$8,644	$8,463


(Dollars in millions)	2024	2023	2022	2021
Operating income (GAAP)	$979	$690	$659	$675
Non-GAAP adjustments:
Capacity alignments1)	19	218	(61)	8
The Andrews litigation settlement	-	8	-	-
Antitrust related items	8	4	-	-
Total Non-GAAP adjustments to operating income	27	230	(61)	8
Adjusted Operating income (Non-GAAP)	$1,007	$920	$598	$683
1) For 2022, including a gain on divestiture of property of $80 million.

Autoliv Inc 8-K, filed Oct 23, 2026

About this 8-K

Items reported

FORM 8-K

Item 2.02 Results of Operations and Financial Condition.

Item 7.01 Regulation FD Disclosure.

Item 9.01 Financial Statements and Exhibits.

Key business developments in the third quarter of 2026

Comments from Mikael Bratt, President & CEO

Key definitions ------------------------------------------------------------------------------------------------------------

Adj. operating income and margin*: Operating income adjusted for capacity alignments, antitrust related matters and for FY 2023 the Andrews litigation settlement. Capacity alignments include non-recurring costs related to our structural efficiency and business cycle management programs.

Capex, net: Capital Expenditure, net, defined as Expenditures for Property, Plant and Equipment less Proceeds from sale of Property, Plant and Equipment.

Cash conversion*: Free operating cash flow* in relation to net income. Free operating cash flow is defined as operating cash flow less capital expenditure, net.

Consolidated sales development

Third quarter 2026

Consolidated sales development

First nine months 2026

Cash conversion: Free operating cash flow in relation to net income. Free operating cash flow is defined as operating cash flow less capital expenditure, net.