StocksMedium•30 October 2026•
1 min read
Magna International Stock Gains as Q3 Earnings Jump 38% and Buyback Program Launches
Key Facts
1Magna's adjusted earnings per share rose 38% to $1.83 in the third quarter of 2026.
2The company launched a new program to repurchase up to 10% of its public float.
3Sales fell 4% to $10.1 billion, while adjusted EBIT rose 11% to $683 million.
Magna International's adjusted earnings per share rose 38% to $1.83 in the third quarter of 2026. Quiver Quantitative reported that adjusted EBIT increased 11% to $683 million, even as sales fell 4% to $10.1 billion. The company also launched a new program to repurchase up to 10% of its public float.
MGA closed at $64.7 on October 29, 2026, after reaching a session high of $65.27. The results indicate improved operational efficiency, as the growth in adjusted EBIT led to a raised free cash flow outlook, prompting management to return more capital to shareholders through the buyback authorization.