AI-extracted from the 10-Q filed 2026-07-31 — Q2 FY2026 (quarter ended July 4, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Q2 revenue rose 3% YoY to $6.2B, with net income climbing 17% to $192.8M as restructuring benefits and favorable operating performance offset price reductions.
Biggest Revenue Drivers
Seating$4.6B+3% YoY
New business and FX gains offset lower Lear platform production volumes and selling price reductions
E-Systems$1.6B+2% YoY
FX gains offset lower production volumes and business winddown, partially by commercial recoveries
Biggest Revenue Drivers
Total revenue: $6.2B+3% YoY
Seating$4.6B+3% YoY
New business and FX gains offset lower Lear platform production volumes and selling price reductions
E-Systems$1.6B+2% YoY
FX gains offset lower production volumes and business winddown, partially by commercial recoveries
Largest Expense Items
Cost of sales$5.7B+3% YoY
Material cost and labor increases offset by lower production volumes
Selling, general and administrative expenses$197.5M+6% YoY
Increased from $186.3M in Q2 2025
Interest expense, net$24.2M-5% YoY
Decreased from $25.4M in Q2 2025
Margins: Gross margin improved to 7.6% in Q2 2026 from 7.3% in Q2 2025, driven by favorable operating performance and restructuring benefits net of selling price reductions, partially offset by lower Lear platform volumes in Asia and North America.
Watch Items from the Filing
Tariff exposure: In 2025, company paid $110M auto parts tariffs and $85M IEEPA tariffs. While mitigation via customer recovery has been successful to date, tariff landscape continues evolving with uncertain duration, scope and government judicial review outcomes.
Material costs as % of sales: 63.4% in H1 2026 vs. 63.7% in H1 2025, with ongoing exposure to steel, copper, leather volatility; price index agreements cover ~88% of copper but risks remain on other commodities.
E-Systems segment margin expansion: E-Systems margin improved to 5.4% in Q2 2026 from 3.5% in Q2 2025 despite lower volumes, reflecting restructuring benefits and lower restructuring costs.
Restructuring committed: Additional $26M Seating and $10M E-Systems restructuring charges expected in next twelve months; company expects $36M total incremental charges from initiated activities.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Lache RodReporting ownerGrant or award · May 14, 2026
Foster Jonathan FReporting ownerGrant or award · May 14, 2026
Lewis Patricia LReporting ownerGrant or award · May 14, 2026
Jepsen Mary LouReporting ownerGrant or award · May 14, 2026
About LEAR CORP (LEA): stock profile, AI score and financials
LEAR CORP (LEA) stock profile, AI quality score, and SEC EDGAR financial data, a Industrials sector company. 13F Pro's AI-powered ranking engine scores LEA at 54.5/100 on a composite quality score built from its SEC filings, placing it at rank #1,314 of 2,925 stocks — the top half of the AI-ranked universe. LEA scores in the top quartile across revenue scale (93.4), earnings quality (83.1). Areas of concern include revenue growth (25.3) and free cash flow (38.1), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), LEAR CORP reports quarterly revenue of $6.2B, net income of $192.8M, an operating margin of 4.3%. Top institutional holders of LEA by reported 13-F value include PZENA INVESTMENT MANAGEMENT, BlackRock, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. LEA trades on the NYSE exchange and files with the SEC under CIK 842162. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate LEA daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for LEAR CORP directly from SEC EDGAR.