Autoliv

Q2 FY2026 EarningsQ2 FY26 results were mixed, with revenue and adjusted EPS slightly beating consensus while GAAP metrics missed significantly due to heavy restructuring. Net sales of $2,803M slightly exceeded the $2,770M expected (+1.2%), and Adjusted EPS of $2.43 beat the $2.36 mean estimate. However, GAAP EPS of $1.35 fell 19% short of the $1.67 consensus due to a $90M charge for closing Turkish operations. Strong performance in Asia, particularly 40%+ growth with Chinese OEMs, offset weakness in the Americas and EMEA. Management reiterated FY26 guidance, expecting a significant margin backload in Q4.