Magna International Inc 6-K, filed Oct 30, 2026

Magna International Inc (MGA)

6-K 2026-10-30 For: 2026-10-30

Added on October 30, 2026

About this 6-K

Magna International Inc filed this 6-K on October 30, 2026.

Magna International Inc. reported Q3 2026 sales of 10,059, net income attributable to the company of 383, Adjusted EPS of 1.83 and Free Cash Flow of 584 (United States dollars in millions, except per share figures). AI summary

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		MAGNA INTERNATIONAL INC.
		(Registrant)
Date:	October 30, 2026
		By:	/s/ “Jason Wolkove”
			Jason Wolkove,
			Vice-President, Mergers & Acquisitions, Capital Markets and Secretary

Exhibit 99.1	Q3 2026 Financial Review

Exhibit 99.2	Q3 2026 Results Webcast Presentation (October 30, 2026)

Exhibit 99.3	Q3 2026 Results Webcast Transcript (October 30, 2026)

		2024															2025															2026
	Note	1st Q			2nd Q			3rd Q			4th Q			TOTAL			1st Q			2nd Q			3rd Q			4th Q			TOTAL			1st Q			2nd Q			3rd Q			TOTAL
VEHICLE VOLUME STATISTICS (in millions)
North America			3.975			4.101			3.713			3.721			15.510			3.689			3.981			3.933			3.700			15.303			3.641			4.062			3.750			11.453
Europe			4.556			4.450			3.705			4.133			16.844			4.220			4.366			3.761			4.382			16.729			4.219			4.454			3.860			12.533
China			6.357			7.073			7.272			9.703			30.405			7.057			7.745			8.143			10.095			33.040			6.289			7.486			7.595			21.370
Rest of World			6.625			6.607			6.684			6.969			26.885			7.024			6.838			6.841			7.651			28.354			7.122			7.295			6.759			21.176
Global			21.513			22.231			21.374			24.526			89.644			21.990			22.930			22.678			25.828			93.426			21.271			23.297			21.964			66.532
Magna Steyr vehicle assembly volumes			0.022			0.019			0.015			0.016			0.072			0.017			0.016			0.015			0.023			0.071			0.025			0.029			0.026			0.080

AVERAGE FOREIGN EXCHANGE RATES
1 Canadian dollar equals U.S. dollars			0.741			0.731			0.733			0.715			0.730			0.697			0.723			0.726			0.717			0.716			0.730			0.723			0.715			0.722
1 euro equals U.S. dollars			1.085			1.076			1.099			1.066			1.082			1.053			1.134			1.169			1.164			1.130			1.171			1.163			1.152			1.162
1 Chinese renminbi equals U.S. dollars			0.139			0.138			0.140			0.139			0.139			0.138			0.138			0.140			0.141			0.139			0.144			0.147			0.148			0.147

CONSOLIDATED STATEMENTS OF INCOME (LOSS)
Sales
Body Exteriors & Structures			4,429			4,465			4,038			4,067			16,999			3,966			4,253			4,147			4,252			16,618			4,079			4,421			4,158			12,658
Power & Vision			3,842			3,926			3,837			3,786			15,391			3,646			3,857			3,854			3,841			15,198			3,881			4,093			3,773			11,747
Seating Systems			1,455			1,455			1,379			1,511			5,800			1,312			1,433			1,520			1,633			5,898			1,340			1,448			1,247			4,035
Complete Vehicles			1,383			1,242			1,159			1,402			5,186			1,276			1,226			1,085			1,261			4,848			1,224			1,160			996			3,380
Corporate & Other			(139	)		(130	)		(133	)		(138	)		(540	)		(131	)		(138	)		(144	)		(139	)		(552	)		(143	)		(142	)		(115	)		(400	)
			10,970			10,958			10,280			10,628			42,836			10,069			10,631			10,462			10,848			42,010			10,381			10,980			10,059			31,420

Costs and expenses
Cost of goods sold			9,642			9,494			8,828			9,073			37,037			8,827			9,127			8,973			9,094			36,021			8,958			9,368			8,433			26,759
Selling, general and administrative			516			523			487			535			2,061			539			565			531			586			2,221			557			585			591			1,733
Equity income			(34	)		(9	)		(13	)		(45	)		(101	)		(20	)		(32	)		(44	)		(47	)		(143	)		(95	)		(45	)		(35	)		(175	)
Adjusted EBITDA			846			950			978			1,065			3,839			723			971			1,002			1,215			3,911			961			1,072			1,070			3,103
Depreciation			377			373			384			376			1,510			369			388			389			401			1,547			403			395			387			1,185
Adjusted EBIT			469			577			594			689			2,329			354			583			613			814			2,364			558			677			683			1,918
Amortization of acquired intangible assets			28			28			28			28			112			26			29			27			29			111			19			17			17			53
Other expense (income), net	1		356			68			(188	)		228			464			53			6			48			629			736			415			24			79			518
Interest expense, net			51			54			54			52			211			50			52			65			42			209			37			37			35			109
Income from operations before income taxes			34			427			700			381			1,542			225			496			473			114			1,308			87			599			552			1,238
Income tax expense			8			99			192			147			446			72			102			140			111			425			88			120			152			360
Net (loss) income			26			328			508			234			1,096			153			394			333			3			883			(1	)		479			400			878
Income attributable to non-controlling interests			(17	)		(15	)		(24	)		(31	)		(87	)		(7	)		(15	)		(28	)		(4	)		(54	)		(11	)		(10	)		(17	)		(38	)
Net (loss) income attributable to Magna International Inc.			9			313			484			203			1,009			146			379			305			(1	)		829			(12	)		469			383			840
Diluted (loss) earnings per common share		$	0.03		$	1.09		$	1.68		$	0.71		$	3.52		$	0.52		$	1.35		$	1.08		$	-		$	2.93		$	(0.04	)	$	1.72		$	1.44		$	3.08
Weighted average number of Common Shares outstanding during the period (in millions):			287.1			287.3			287.3			285.9			286.9			282.0			281.7			281.8			281.2			282.5			278.1			273.2			266.0			273.0

NON-GAAP MEASURES
Adjusted EBITDA			846			950			978			1,065			3,839			723			971			1,002			1,215			3,911			961			1,072			1,070			3,103
Adjusted EBIT	2		469			577			594			689			2,329			354			583			613			814			2,364			558			677			683			1,918
Adjusted Return on Invested Capital	2		7.8	%		9.4	%		9.0	%		11.8	%		9.5	%		5.7	%		9.6	%		9.2	%		13.9	%		9.7	%		9.4	%		12.5	%		12.2	%		11.3	%
Adjusted net income attributable to Magna International Inc.	2		311			389			369			482			1,551			219			407			375			617			1,618			386			508			486			1,380
Adjusted EPS	2	$	1.08		$	1.35		$	1.28		$	1.69		$	5.41		$	0.78		$	1.44		$	1.33		$	2.18		$	5.73		$	1.38		$	1.86		$	1.83		$	5.06
Adjusted weighted average number of Common Shares outstanding during the period (in millions):	2		287.1			287.3			287.3			285.9			286.9			282.0			281.7			281.8			282.7			282.5			279.9			273.2			266.0			273.0

PROFITABILITY RATIOS
Selling, general and administrative /Sales			4.7	%		4.8	%		4.7	%		5.0	%		4.8	%		5.4	%		5.3	%		5.1	%		5.4	%		5.3	%		5.4	%		5.3	%		5.9	%		5.5	%
Adjusted EBIT /Sales			4.3	%		5.3	%		5.8	%		6.5	%		5.4	%		3.5	%		5.5	%		5.9	%		7.5	%		5.6	%		5.4	%		6.2	%		6.8	%		6.1	%
Income (loss) from operations before income taxes /Sales			0.3	%		3.9	%		6.8	%		3.6	%		3.6	%		2.2	%		4.7	%		4.5	%		1.1	%		3.1	%		0.8	%		5.5	%		5.5	%		3.9	%
Effective tax rate
Reported			23.5	%		23.2	%		27.4	%		38.6	%		28.9	%		32.0	%		20.6	%		29.6	%		97.4	%		32.5	%		101.1	%		20.0	%		27.5	%		29.1	%
Excluding Other expense (income) and amortization, net of taxes and valuation allowance adjustments			21.5	%		22.8	%		27.2	%		19.5	%		22.7	%		25.7	%		20.5	%		26.5	%		19.6	%		22.4	%		23.8	%		19.1	%		22.4	%		21.6	%

		2024												2025												2026
		1st Q			2nd Q			3rd Q			4th Q			1st Q			2nd Q			3rd Q			4th Q			1st Q			2nd Q			3rd Q
CONSOLIDATED BALANCE SHEETS
FUNDS EMPLOYED
Current assets:
Accounts receivable			8,379			8,219			8,377			7,376			8,198			8,258			8,406			7,593			8,215			8,376			8,298
Inventories			4,511			4,466			4,592			4,151			4,184			4,207			4,233			4,126			3,964			4,009			4,161
Prepaid expenses and other			399			314			303			344			358			333			316			407			405			371			364
Held for sale assets			-			-			-			-			-			-			-			-			316			252			38
			13,289			12,999			13,272			11,871			12,740			12,798			12,955			12,126			12,900			13,008			12,861
Current liabilities:
Accounts payable			7,855			7,639			7,608			7,194			7,376			7,127			7,261			6,895			7,216			7,262			7,080
Accrued salaries and wages			883			862			962			867			893			917			994			888			920			924			995
Other accrued liabilities			2,728			2,650			2,642			2,572			2,723			2,845			2,906			2,745			2,878			3,038			3,259
Income taxes payable (receivable)			132			79			176			192			152			88			109			106			129			121			141
Held for sale liabilities			-			-			-			-			-			-			-			-			296			195			30
			11,598			11,230			11,388			10,825			11,144			10,977			11,270			10,634			11,439			11,540			11,505
Working capital			1,691			1,769			1,884			1,046			1,596			1,821			1,685			1,492			1,461			1,468			1,356
Investments			1,195			1,161			1,165			1,045			1,062			1,129			1,098			1,103			1,289			1,248			1,287
Fixed assets, net			9,545			9,623			9,836			9,584			9,650			9,853			9,707			9,507			9,012			8,851			8,781
Goodwill, other assets and intangible assets			4,646			4,709			4,865			4,532			4,669			4,896			4,876			4,277			4,108			4,054			4,018
Operating lease right-of-use assets			1,733			1,688			1,780			1,941			2,032			2,061			2,024			1,928			1,865			1,805			1,766
Funds employed			18,810			18,950			19,530			18,148			19,009			19,760			19,390			18,307			17,735			17,426			17,208
FINANCING
Net debt and leases:
Cash and cash equivalents			(1,517	)		(999	)		(1,061	)		(1,247	)		(1,059	)		(1,536	)		(1,327	)		(1,612	)		(1,605	)		(1,430	)		(1,378	)
Short-term borrowings			838			848			828			271			614			349			433			-			136			-			-
Long-term debt due within one year			824			65			65			708			1,005			706			33			27			20			20			709
Long-term debt			4,549			4,863			4,916			4,134			3,892			4,984			4,967			4,685			4,643			4,608			3,921
Current portion of operating lease liabilities			306			306			319			293			305			318			323			328			328			321			318
Operating lease liabilities			1,407			1,378			1,458			1,662			1,742			1,759			1,722			1,649			1,573			1,520			1,483
			6,407			6,461			6,525			5,821			6,499			6,580			6,151			5,077			5,095			5,039			5,053
Long-term employee benefit liabilities			584			564			571			533			552			574			573			554			530			519			521
Other long-term liabilities			471			507			339			396			349			267			298			399			426			385			362
Deferred tax assets, net			(576	)		(592	)		(592	)		(542	)		(557	)		(564	)		(567	)		(562	)		(588	)		(625	)		(640	)
			479			479			318			387			344			277			304			391			368			279			243
Shareholders' equity			11,924			12,010			12,687			11,940			12,166			12,903			12,935			12,839			12,272			12,108			11,912
			18,810			18,950			19,530			18,148			19,009			19,760			19,390			18,307			17,735			17,426			17,208

ASSET UTILIZATION RATIOS
Days in accounts receivable			68.7			67.5			73.3			62.5			73.3			69.9			72.3			63.0			71.2			68.7			74.2
Days in accounts payable			73.3			72.4			77.6			71.4			75.2			70.3			72.8			68.2			72.5			69.8			75.6
Inventory turnover - cost of goods sold			8.5			8.5			7.7			8.7			8.4			8.7			8.5			8.8			9.0			9.3			8.1
Working capital turnover			25.9			24.8			21.8			40.6			25.2			23.4			24.8			29.1			28.4			29.9			29.7
Total asset turnover			2.3			2.3			2.1			2.3			2.1			2.2			2.2			2.4			2.3			2.5			2.3

CAPITAL STRUCTURE
Net debt and leases			34.1	%		34.1	%		33.4	%		32.1	%		34.2	%		33.3	%		31.7	%		27.7	%		28.7	%		28.9	%		29.4	%
Long-term employee benefit liabilities, other long-term liabilities & deferred tax liabilities, net			2.5	%		2.5	%		1.6	%		2.1	%		1.8	%		1.4	%		1.6	%		2.1	%		2.1	%		1.6	%		1.4	%
Shareholders' equity			63.4	%		63.4	%		65.0	%		65.8	%		64.0	%		65.3	%		66.7	%		70.1	%		69.2	%		69.5	%		69.2	%
			100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%
Adjusted Debt to Adjusted EBITDA	2		1.98	x		1.91	x		1.93	x		1.75	x		1.92	x		2.03	x		1.88	x		1.59	x		1.50	x		1.42	x		1.40	x
Debt to total capitalization			39.9	%		38.3	%		37.4	%		37.2	%		38.3	%		38.6	%		36.6	%		34.3	%		35.3	%		34.8	%		35.1	%

		2024										2025										2026
	Note	1st Q		2nd Q		3rd Q		4th Q		TOTAL		1st Q		2nd Q		3rd Q		4th Q		TOTAL		1st Q		2nd Q		3rd Q		TOTAL
CONSOLIDATED STATEMENTS OF CASH FLOWS
Operating activities
Net income		26		328		508		234		1,096		153		394		333		3		883		(1	)	479		400		878
Items not involving current cash flows		565		353		277		662		1,857		394		368		454		1,152		2,368		638		382		406		1,426
		591		681		785		896		2,953		547		762		787		1,155		3,251		637		861		806		2,304
Changes in operating assets and liabilities		(330	)	55		(58	)	1,014		681		(470	)	(135	)	125		827		347		40		93		144		277
Cash provided from operating activities		261		736		727		1,910		3,634		77		627		912		1,982		3,598		677		954		950		2,581

Investment activities
Fixed asset additions		(493	)	(500	)	(476	)	(709	)	(2,178	)	(268	)	(246	)	(267	)	(532	)	(1,313	)	(219	)	(269	)	(307	)	(795	)
Increase in investments, other assets and intangible assets		(125	)	(170	)	(115	)	(207	)	(617	)	(148	)	(94	)	(100	)	(157	)	(499	)	(168	)	(77	)	(75	)	(320	)
Proceeds from dispositions		87		57		38		37		219		26		14		27		54		121		82		9		16		107
Investment in Public and Private Equity Investments		(23	)	2		(1	)	10		(12	)	(1	)	(3	)	(2	)	(2	)	(8	)	(1	)	(4	)	-		(5	)
Proceeds from divestitures, net of funding provided	1(f), 1(g)	4		-		78		-		82		-		-		-		-		-		-		(31	)	33		2
Business combinations		(30	)	(56	)	-		-		(86	)	(4	)	4		(1	)	-		(1	)	-		-		-		-
Cash used for investment activities		(580	)	(667	)	(476	)	(869	)	(2,592	)	(395	)	(325	)	(343	)	(637	)	(1,700	)	(306	)	(372	)	(333	)	(1,011	)

Financing activities
Net issues (repayments) of debt		757		(416	)	(47	)	(513	)	(219	)	322		341		(583	)	(747	)	(667	)	135		(141	)	(2	)	(8	)
Common Shares issued on exercise of stock options		30		-		-		-		30		-		-		-		2		2		86		21		-		107
Repurchase of Common Shares		(3	)	(2	)	-		(202	)	(207	)	(51	)	-		-		(86	)	(137	)	(440	)	(465	)	(529	)	(1,434	)
Tax withholdings on vesting of equity awards		(4	)	(1	)	-		(3	)	(8	)	(4	)	-		-		(1	)	(5	)	(9	)	(3	)	-		(12	)
Acquisition of non-controlling interest		-		-		-		-		-		-		-		(40	)	(82	)	(122	)	-		-		-		-
Dividends paid to non-controlling interests		-		(26	)	(10	)	(10	)	(46	)	-		(25	)	(15	)	(19	)	(59	)	-		(32	)	(29	)	(61	)
Dividends paid		(134	)	(134	)	(138	)	(133	)	(539	)	(136	)	(137	)	(136	)	(135	)	(544	)	(135	)	(133	)	(129	)	(397	)
Cash provided from (used for) financing activities		646		(579	)	(195	)	(861	)	(989	)	131		179		(774	)	(1,068	)	(1,532	)	(363	)	(753	)	(689	)	(1,805	)

Effect of exchange rate changes on cash, cash equivalents and restricted cash equivalents		(8	)	(8	)	6		6		(4	)	(1	)	(4	)	(4	)	8		(1	)	8		(4	)	9		13
Net increase (decrease) in cash, cash equivalents and restricted cash equivalents during the period		319		(518	)	62		186		49		(188	)	477		(209	)	285		365		16		(175	)	(63	)	(222	)
Cash, cash equivalents and restricted cash equivalents, beginning of period	4	1,198		1,517		999		1,061		1,198		1,247		1,059		1,536		1,327		1,247		1,612		1,628		1,453		1,612
Cash, cash equivalents and restricted cash equivalents, end of period		1,517		999		1,061		1,247		1,247		1,059		1,536		1,327		1,612		1,612		1,628		1,453		1,390		1,390

NON-GAAP MEASURES
Free Cash Flow	2	(270	)	123		174		1,031		1,058		(313	)	301		572		1,347		1,907		372		617		584		1,573

Note 1:	OTHER EXPENSE (INCOME), NET

	Other expense (income), net consists of significant items such as: impairment charges; restructuring costs generally related to significant plant closures or consolidations; net losses (gains) on investments; gains or losses on disposal of facilities or businesses; and other items not reflective of on-going operating profit or loss. Other expense (income), net consists of:

[a]		Loss on assets held for sale

		The Company concluded that the assets and liabilities of the Lighting and Rooftop Systems businesses met the criteria to be classified as held for sale as of March 31, 2026, and recognized an impairment loss of $485 million in the first quarter. In the second quarter, the loss of $11 million comprised an impairment loss of $13 million, partially offset by a $2 million gain on the sale of the Lighting Europe business, which closed on June 29, 2026. In the third quarter, the loss of $5 million comprised an impairment loss of $4 million and a $3 million loss on the sale of the Lighting North America business, partially offset by a $2 million gain on the sale of the Rooftop Systems business. Both third-quarter sales closed on August 4, 2026.

		The sale of the Lighting South America and China business is expected to close during the fourth quarter of 2026, subject to customary closing conditions and regulatory approvals.

[c]		Impacts related to Fisker Inc. [“Fisker”]

		During 2023 and 2024, the Company recorded impairment charges on its Fisker related net assets, including its Fisker warrants, which were received in connection with the agreements with Fisker for platform sharing, engineering and manufacturing of the Fisker Ocean SUV. The Company also recorded additional restructuring charges during the first quarter of 2024 related to its Fisker related assembly operations. In the course of such bankruptcy proceedings, the Company terminated its manufacturing agreement for the Fisker Ocean SUV and recognized the remaining $196 million of deferred revenue into income.

		During the second and third quarter of 2026, the Company recognized a gain of $2 million and $4 million, respectively, related to the settlement of claims associated with Fisker's bankruptcy.

[e]		Impairments

		During 2025, the Company concluded that indicators of impairment were present for finite-lived intangible assets and goodwill in the Electronics reporting unit within the Power & Vision segment and recorded $591 million impairment. During 2025, the Company also recorded an impairment charge of $24 million on fixed assets and other assets at a European facility in its Body Exteriors & Structures segment. During 2024, the Company recorded an impairment charge of $79 million on fixed assets, right of use assets and intangible assets at two European facilities in its Power & Vision segment.

[f]		Gain on business combination

		During 2024, the Company acquired a business in the Body Exteriors & Structures segment for $5 million, resulting in a bargain purchase gain of $9 million.

Note 2:	NON-GAAP MEASURES

	The Company presents Adjusted EBIT (Earnings before interest, taxes, Other expense (income), net and amortization of acquired intangible assets); Adjusted Net Income (Net Income before Other expense (income), net, net of tax excluding significant income tax valuation allowance adjustments, and amortization of acquired intangible assets); Adjusted Diluted Earnings per Share ("Adjusted EPS"); Adjusted EBIT as a percentage of sales; Free Cash Flow; Adjusted Return on Invested Capital; and Adjusted Debt to Adjusted EBITDA. The Company presents these financial figures because such measures are widely used by analysts and investors in evaluating the operating performance of the Company. However, such measures do not have any standardized meaning under U.S. generally accepted accounting principles and may not be comparable to the calculation of similar measures by other companies.

	The following table reconciles Income from operations before income taxes to Adjusted EBIT:

Note 2:	NON-GAAP MEASURES (Continued)

	The following table reconciles Net income attributable to Magna International Inc. to Adjusted net income attributable to Magna International Inc.:

			The Company records quarterly adjustments to the valuation allowance against its deferred tax assets and liabilities in continents like North America, Europe, Asia, and South America. The net effect of these adjustments is an increase to income tax expense in the fourth quarter of 2024.

	The following table reconciles Diluted weighted average number of Common Shares outstanding to Adjusted Diluted weighted average number of Common Shares outstanding:

Note 2:	NON-GAAP MEASURES (Continued)

	The following table shows the calculation of Rating Agency Adjusted Debt to Adjusted EBITDA:

	[iii]	The long-term employee benefit liabilities, capitalized operating lease expense, interest income and pension adjustment figures included in the Adjusted EBITDA calculations are based on the annual figures for the years ended December 31, 2025, December 31, 2024, and December 31, 2023, respectively.
	[iv]	Pension adjustment calculated as Net Periodic Pension Benefit Cost less Current Service Cost for defined benefit pension plans.

		2024								2025								2026
		1st Q		2nd Q		3rd Q		4th Q		1st Q		2nd Q		3rd Q		4th Q		1st Q		2nd Q		3rd Q
Debt and leases per balance sheet		7,924		7,460		7,586		7,068		7,558		8,116		7,478		6,689		6,700		6,469		6,431
Long-Term Employee Benefit Liabilities	[iii]	125		125		125		127		127		127		127		131		131		131		131
Adjusted Debt	[A]	8,049		7,585		7,711		7,195		7,685		8,243		7,605		6,820		6,831		6,600		6,562

Rolling four quarter Adjusted EBITDA		3,718		3,699		3,704		3,839		3,716		3,737		3,761		3,911		4,149		4,250		4,318
Capitalized operating lease expense	[iii]	353		353		353		410		410		410		410		428		428		428		428
Pension adjustment	[iii], [iv]	4		4		4		(20	)	(20	)	(20	)	(20	)	2		2		2		2
Interest income	[iii]	86		86		86		98		98		98		98		66		66		66		66
Rolling four quarter cash portion of other expense, net		(94	)	(161	)	(149	)	(219	)	(203	)	(161	)	(196	)	(106	)	(90	)	(88	)	(127	)
	[B]	4,067		3,981		3,998		4,108		4,001		4,064		4,053		4,301		4,555		4,658		4,687

Adjusted Debt to Adjusted EBITDA	[A] / [B]	1.98	_x	1.91	_x	1.93	_x	1.75	_x	1.92	_x	2.03	_x	1.88	_x	1.59	_x	1.50	_x	1.42	_x	1.40	_x

Note 4:	CASH, CASH EQUIVALENTS AND RESTRICTED CASH EQUIVALENTS

	A reconciliation of Cash and cash equivalents and Restricted cash equivalents (included in prepaid expenses) to Total cash, cash equivalents and restricted cash equivalents is as follows: