Q2 2026 Garrett Motion Inc. (Delaware) Earnings Call Transcript

Jul 29, 2026 / 12:30PM GMT

Transcript 10-Q8-K

Key Points

Positve

Garrett Motion Inc (GTX) reported a strong quarter with net sales of $976 million, up 7% on a reported basis and 5% at constant currency.
The company achieved a record adjusted EBIT of $152 million, with an adjusted EBIT margin of 15.6%.
Garrett Motion Inc (GTX) generated a healthy adjusted free cash flow of $122 million, demonstrating strong earnings to cash conversion.
The company secured multiple gasoline awards and power generation awards, including the first award for the Garrett MEG200 turbo for data center power generation.
Garrett Motion Inc (GTX) raised its full-year outlook, reflecting strong first-half performance and a positive mix trend.

Negative

The company noted a backdrop of lower light vehicle production, which could impact future growth.
There is an unfavorable foreign currency impact of 80 basis points on the adjusted EBIT margin.
The industry outlook has been updated to reflect softer light vehicle demand, which could affect future sales.
The geopolitical situation and macroeconomic conditions remain uncertain, posing risks to future performance.
Despite strong performance, the company remains cautious about the macroeconomic overlay and potential impacts on margins.

Operator

Hello, my name is Bailey and I will be your operator this morning. I would like to welcome everyone to the Garrett Motion's second-quarter 2026 financial results conference call. This call is being recorded, and a replay will be available later today. After the company's presentation, there will be a Q&A session.

I would now like to hand over the call to Cyril Grandjean, Garrett's Vice President, Investor Relations and Treasurer. Please go ahead.

Cyril Grandjean;Delaware;IR Contact Officer

Garrett Motion Inc.

()-

Thank you, Bailey, and good morning, everyone. We appreciate you joining us to review Garrett Motion's second-quarter 2026 financial results. Our presentation and press release are available on the Investor Relations section of our website.

Today's discussion includes forward-looking statements that involve risks and uncertainties. Please refer to our SEC filings, including our most recent annual report on Form 10-K for discussion of factors that could cause our results to differ materially from

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