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Lear (LEA) guidance and outlook
Lear (LEA) lowered its guidance on Oct 30, 2026: Revenue $23.4B–$23.8B for FY2026; Operating income $1.1B–$1.2B for FY2026; EBITDA $1.7B–$1.8B for FY2026; Operating cash flow $1.2B–$1.3B for FY2026. Lear's 10-Q filed Oct 30, 2026 makes 9 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | FY2026 | $23.4B–$23.8B | lowered |
| Operating income | FY2026 | $1.1B–$1.2B | reaffirmed |
| EBITDA | FY2026 | $1.7B–$1.8B | reaffirmed |
| Operating cash flow | FY2026 | $1.2B–$1.3B | lowered |
| Capital expenditures | FY2026 | $660M | reaffirmed |
| Free cash flow | FY2026 | $565M–$665M | lowered |
From the earnings release filed Oct 30, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Oct 30, 2026
- While the USMCA currently remains in force, there are no assurances that the USMCA will continue to be renewed or, if renewed, any newly negotiated terms in the USMCA will not adversely affect our business.
- To mitigate the impact of tariffs, we have entered into contractual agreements with our customers to recover substantially all tariff costs incurred to date; however, no assurance can be provided that our customers will continue to provide such recovery.
- In light of these uncertainties, we can provide no assurances that any mitigating actions that may become available to us will be successful.
- We also seek to enhance our financial performance by investing in product development, design capabilities and new product initiatives that respond to and anticipate the needs of our customers and consumers.
- We expect to incur approximately $33 million of additional restructuring costs related to activities initiated as of October 3, 2026, all of which are expected to be incurred in the next twelve months.
- We plan to implement additional restructuring actions in order to align our manufacturing capacity and other costs with prevailing regional automotive production levels.
- Together with cash provided by operating activities, we believe that these liquidity sources will enable us to meet our liquidity needs for the foreseeable future and to satisfy ordinary course business obligations.
- In addition, we expect to continue to pay quarterly cash dividends and repurchase shares of our common stock pursuant to our Repurchase Program, although such actions are at the discretion of our Board and will depend upon our financial condition, results of operations, capital requirements, prevailing market conditions, alternative uses of capital and other factors that our Board may consider at its discretion.
- Our future financial results and our ability to continue to meet our liquidity needs are subject to, and will be affected by, cash flows from operations, as well as restructuring activities, automotive industry conditions, the financial condition of our customers and suppliers, supply chain disruptions and other related factors.
Lear's latest quarter
Lear, Q3 2026: revenue $5.8B (+2% year over year), operating margin 3.4%, net earnings $137M, operating cash flow $329M. The chart follows the revenue to costs, profit and cash.
Questions
Did Lear raise or lower its guidance?
Lear (LEA) lowered its guidance on Oct 30, 2026: Revenue $23.4B–$23.8B for FY2026; Operating income $1.1B–$1.2B for FY2026; EBITDA $1.7B–$1.8B for FY2026; Operating cash flow $1.2B–$1.3B for FY2026.
What does Lear expect?
While the USMCA currently remains in force, there are no assurances that the USMCA will continue to be renewed or, if renewed, any newly negotiated terms in the USMCA will not adversely affect our business. To mitigate the impact of tariffs, we have entered into contractual agreements with our customers to recover substantially all tariff costs incurred to date; however, no assurance can be provided that our customers will continue to provide such recovery. In light of these uncertainties, we can provide no assurances that any mitigating actions that may become available to us will be successf
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.