Visteon (VC) Q2 2026 earnings summary

Executive summary

• Q2 2026 sales were $960 million, reflecting 4% growth over market despite a slight year-over-year decline, with 24 new product launches across 11 automakers and $2 billion in new business wins.

• Adjusted EBITDA reached $116 million (12.1% margin), with net income attributable to shareholders of $49 million and positive adjusted free cash flow.

• Announced a $200 million accelerated share repurchase program as part of an $800 million to $1 billion capital return plan through 2029.

• Focused on technology innovation, premium and software-defined vehicle products, and balanced capital allocation supported by a strong balance sheet.

Financial highlights

• Q2 2026 sales were $960 million, down $9 million year-over-year, with 4% growth over market.

• Adjusted EBITDA was $116 million (12.1% margin), down $18 million year-over-year, impacted by FX and higher engineering costs.

• Net income attributable to shareholders was $49 million; adjusted EPS was $1.91.

• Adjusted free cash flow was $20 million for Q2; net cash position was $351 million at quarter end.

• Gross margin for Q2 was $118 million (12.3%), down from $141 million (14.6%) in Q2 2025.

Outlook and guidance

• Full-year 2026 sales guidance reaffirmed at $3.625–$3.825 billion, trending toward $3.8 billion.

• Adjusted EBITDA expected between $455–$495 million, trending toward $475 million midpoint.

• Adjusted free cash flow guidance of $170–$210 million, trending toward the low end.

• Management reaffirmed long-term growth objectives, supported by new business momentum and product launches.

• Global light-vehicle production expected to decrease by 2% in 2026, with key customer volumes down 4%.