Nexteer Automotive Group (1316) Q1 2026 earnings summary

Executive summary

• Launched 12 new programs in Q1 2026, including the first Steer-by-Wire (SbW) program in production and significant new business wins in APAC.

• Achieved $6.0B in bookings, with strong momentum across REPS, RWS, CEPS, and Columns, and a CEPS breakthrough with an incumbent customer.

• On track for record revenue and above-market growth, with margin expansion driven by increased revenue and performance improvements.

Financial highlights

• Q1 2026 bookings totaled $1.6B, with 75% from new conquest programs and 36% from North America.

• Sustained strong booking momentum, with expectations for additional SbW awards and the first EMB program win later in 2026.

Outlook and guidance

• Anticipates record revenue for 2026, continued above-market growth, and further margin expansion.

• Actively engaging with OEMs on tariff reimbursement, NA EV recoveries, and geopolitical cost mitigation.

• Additional SbW booking opportunities and first EMB program win targeted in the second half of 2026.