Garrett Motion Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on October 29, 2026, reporting third-quarter net income of $97 million on net sales of $930 million.

Key Highlights

  • Net sales: $930 million for the three months ended September 30, 2026, compared with $902 million in the same period of 2025, according to the filing.
  • Net income: $97 million for Q3 2026, up from $77 million in Q3 2025, as reported in the consolidated statements of operations.
  • Diluted EPS: $0.51 for Q3 2026, versus $0.38 in Q3 2025, based on diluted weighted average shares of 189,054,351.
  • Nine-month net income: $293 million for the nine months ended September 30, 2026, compared with $226 million for the same period of 2025.
  • Operating cash flow: $378 million for the nine months ended September 30, 2026, versus $314 million in the prior-year period.
  • Share repurchases: $172 million in common stock repurchases during the nine months ended September 30, 2026, with treasury shares totaling 60,222,446 as of September 30, 2026.
  • Shares outstanding: 184,605,654 shares of common stock outstanding as of October 23, 2026, as disclosed on the cover page.

Garrett Motion Reports Higher Sales and Earnings for Third Quarter and First Nine Months of 2026

According to the filing, Garrett Motion Inc. (NASDAQ:GTX) recorded net sales of $930 million for the three months ended September 30, 2026, up from $902 million in the comparable quarter of 2025. Gross profit for Q3 2026 was $206 million, compared with $186 million a year earlier. Income before taxes reached $119 million for the quarter, versus $102 million in Q3 2025. Tax expense was $22 million for the quarter, resulting in net income of $97 million.

For the nine months ended September 30, 2026, the company reported net sales of $2,891 million against $2,693 million in the prior-year period, and net income of $293 million compared with $226 million. Basic earnings per share for the nine-month period were $1.56, and diluted earnings per share were $1.53, according to the filing. Net cash provided by operating activities for the nine months was $378 million, while capital expenditures totaled $61 million. The company made $172 million in common stock repurchases and $46 million in dividend payments during the nine-month period.

As of September 30, 2026, the consolidated balance sheet reflected total assets of $2,532 million and total liabilities of $3,150 million, resulting in a total deficit of $618 million. Long-term debt stood at $1,359 million, down from $1,411 million at December 31, 2025. Cash and cash equivalents were $211 million at September 30, 2026, compared with $177 million at December 31, 2025. Treasury stock totaled $714 million at quarter-end, reflecting 60,222,446 shares repurchased and held at cost, the filing stated.

What Was Disclosed

Garrett Motion filed its quarterly report covering the period ended September 30, 2026, disclosing income statement, balance sheet, and cash flow results, along with share count, repurchase activity, and dividend payments for the quarter and the nine-month period.