Garrett Motion (NASDAQ:GTX) Issues Quarterly Earnings Results

Posted by Brian Himes on Jul 29th, 2026

Garrett Motion (NASDAQ:GTX – Get Free Report) posted its earnings results on Wednesday. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.46 by $0.07, FiscalAI reports. Garrett Motion had a net margin of 9.29% and a negative return on equity of 42.77%. The firm had revenue of $976.00 million during the quarter. During the same period in the prior year, the business posted $0.42 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis.

Here are the key takeaways from Garrett Motion’s conference call:

Strong second-quarter performance: Net sales rose 7% year over year to $976 million, while Adjusted EBIT increased 22% to a record $152 million, with margin expanding 200 basis points to 15.6%.
Garrett generated $122 million of Adjusted Free Cash Flow, repaid $50 million of term debt, reduced net leverage to 1.8 times, and returned capital through $28 million of share repurchases and $15 million of dividends.
Full-year 2026 guidance was raised: The company now expects approximately $3.8 billion of sales, $580 million of Adjusted EBIT at a 15.3% margin, and $430 million of Adjusted Free Cash Flow, with the EBIT outlook lifted by $20 million at the midpoint.
Industrial demand is accelerating, particularly for power-generation turbochargers, with full-year industrial sales now expected to reach about $200 million versus roughly $100 million-plus previously anticipated; Garrett also secured new genset awards, including its first MEG200 data-center power-generation award.
Management acknowledged softer light-vehicle production and continued macroeconomic and geopolitical uncertainty, although share gains and stronger commercial-vehicle and industrial demand are expected to offset much of the weakness. Zero-emission initiatives—including electric powertrain, e-cooling, and air-compressor programs—continue progressing, with initial data-center production expected between late 2027 and early 2028.

Garrett Motion Price Performance

Shares of NASDAQ:GTX traded down $1.05 during trading on Wednesday, hitting $28.87. 1,789,917 shares of the company’s stock were exchanged, compared to its average volume of 2,597,690. Garrett Motion has a 52-week low of $12.26 and a 52-week high of $36.25. The company has a market cap of $5.40 billion, a price-to-earnings ratio of 16.90, a PEG ratio of 0.91 and a beta of 0.78. The business’s 50-day simple moving average is $32.78 and its 200 day simple moving average is $24.67.

Garrett Motion Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a dividend of $0.08 per share. The ex-dividend date was Monday, June 1st. This represents a $0.32 annualized dividend and a dividend yield of 1.1%. Garrett Motion’s dividend payout ratio (DPR) is currently 18.71%.

Insider Activity at Garrett Motion

In other news, CFO Sean Deason sold 110,000 shares of Garrett Motion stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $31.93, for a total transaction of $3,512,300.00. Following the sale, the chief financial officer owned 261,909 shares in the company, valued at $8,362,754.37. This trade represents a 29.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mark Albert Rodrigues sold 6,140 shares of the business’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $33.30, for a total transaction of $204,462.00. Following the completion of the transaction, the senior vice president directly owned 77,038 shares in the company, valued at $2,565,365.40. This trade represents a 7.38% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 213,834 shares of company stock valued at $6,918,710. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GTX. Handelsbanken Fonder AB boosted its stake in Garrett Motion by 62.6% during the second quarter. Handelsbanken Fonder AB now owns 53,000 shares of the company’s stock valued at $1,920,000 after buying an additional 20,400 shares during the last quarter. Franklin Street Advisors Inc. NC purchased a new position in shares of Garrett Motion in the second quarter valued at $234,000. Longboard Asset Management LP bought a new stake in Garrett Motion in the second quarter worth $203,000. Assenagon Asset Management S.A. raised its stake in Garrett Motion by 126.8% during the second quarter. Assenagon Asset Management S.A. now owns 468,646 shares of the company’s stock valued at $16,979,000 after purchasing an additional 261,986 shares in the last quarter. Finally, Baron Wealth Management LLC grew its stake in shares of Garrett Motion by 5.1% in the 2nd quarter. Baron Wealth Management LLC now owns 28,723 shares of the company’s stock worth $1,041,000 after buying an additional 1,399 shares in the last quarter. Hedge funds and other institutional investors own 86.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on GTX shares. Wall Street Zen cut Garrett Motion from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Stifel Nicolaus increased their price objective on shares of Garrett Motion from $29.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Royal Bank Of Canada set a $42.00 target price on shares of Garrett Motion in a research note on Thursday, May 21st. BWS Financial restated a “buy” rating and issued a $42.00 price objective on shares of Garrett Motion in a report on Monday, July 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Garrett Motion in a research note on Friday. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Garrett Motion has a consensus rating of “Moderate Buy” and an average price target of $35.40.

View Our Latest Stock Report on Garrett Motion

About Garrett Motion

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Garrett Motion Inc is a technology leader specializing in the design, development and manufacture of turbocharging systems and related technologies for the global automotive industry. Its product portfolio includes conventional exhaust gas turbochargers, variable-geometry turbochargers, electric and e-boost turbochargers, as well as electronic actuators, sensors and thermal management systems. The company’s solutions are engineered to improve engine efficiency, reduce emissions and support automakers’ efforts to meet evolving regulatory standards for fuel economy and air quality.

Garrett Motion traces its roots to the founding of AiResearch by Cliff Garrett in 1936, a pioneer in aircraft and automotive turbocharging technologies.