Lear Corporation filed its quarterly report on Form 10-Q for the period ended October 3, 2026, disclosing third-quarter and nine-month financial results including net sales, earnings per share, and balance sheet positions.

Key Highlights

  • Q3 Net Sales: Net sales for the three months ended October 3, 2026 were $5,773.0 million, compared with $5,679.8 million for the same period in 2025, according to the filing.
  • Q3 Net Income Attributable to Lear: Net income attributable to Lear was $136.6 million for the third quarter, versus $108.2 million in the prior-year quarter.
  • Diluted EPS: Diluted net income per share attributable to Lear was $2.74 for the quarter ended October 3, 2026, compared with $2.02 for the quarter ended September 27, 2025.
  • Nine-Month Net Sales: For the nine months ended October 3, 2026, net sales were $17,805.2 million, versus $17,270.5 million for the nine months ended September 27, 2025.
  • Share Repurchase: During the third quarter, the company repurchased 1,375,917 shares of common stock at an average price of $127.19 per share, for a total of $176.7 million, as disclosed in the equity statement.
  • Cash and Cash Equivalents: Cash and cash equivalents stood at $889.4 million as of October 3, 2026, down from $1,033.0 million at December 31, 2025.
  • Shares Outstanding: As of October 27, 2026, 48,192,039 shares of common stock were outstanding, the filing stated.

Lear Corporation Third-Quarter 2026 Financial Results and Balance Sheet Position

Lear Corporation (NYSE:LEA), headquartered in Southfield, Michigan, reported third-quarter net sales of $5,773.0 million for the three months ended October 3, 2026, according to the Form 10-Q filed with the Securities and Exchange Commission. Cost of sales for the same quarter was $5,390.7 million, with selling, general and administrative expenses of $180.6 million. Consolidated income before provision for income taxes and equity in net income of affiliates was $172.8 million for the quarter, the filing disclosed.

For the nine months ended October 3, 2026, the company reported net income attributable to Lear of $501.7 million, or $9.89 per diluted share, compared with $354.1 million, or $6.56 per diluted share, for the nine months ended September 27, 2025. The provision for income taxes for the nine-month period was $129.1 million. Equity in net income of affiliates contributed $52.6 million for the nine months ended October 3, 2026, versus $40.4 million in the comparable prior-year period.

On the balance sheet as of October 3, 2026, total assets were $15,267.6 million and total liabilities and equity were $15,267.6 million. Long-term debt was $2,075.4 million, while the current portion of long-term debt increased to $641.3 million from $3.7 million at December 31, 2025. Accounts receivable were $4,076.0 million and inventories were $1,759.8 million. Accumulated other comprehensive loss widened to $640.0 million from $544.3 million at year-end 2025. Cash dividends declared per share were $0.77 for the quarter and $2.31 for the nine-month period, consistent with the same periods in 2025, according to the filing.

What Was Disclosed

Lear Corporation's Form 10-Q for the quarter ended October 3, 2026 disclosed third-quarter net sales of $5,773.0 million, diluted EPS of $2.74, a share repurchase of 1,375,917 shares at an average of $127.19, and total assets of $15,267.6 million.