Garrett Motion stock falls 1.73 percent after Q2 results

Garrett Motion stock (ISIN US3665051054) fell 1.73 percent to USD 25.50 on Nasdaq on September 23, 2026. The decline followed a quarter in which net sales reached USD 976 million and the company raised its 2026 sales outlook.

Q2 sales reach USD 976 million

Garrett Motion reported that second-quarter 2026 net sales increased 5 percent on a constant currency basis from the prior year, reaching USD 976 million. Garrett Motion also reported USD 101 million in net income and a 10.3 percent net income margin for the quarter.

The combination matters because the sales increase came with profitability data that give investors a clearer view of operating performance. The company said demand gains in passenger vehicles and performance in commercial vehicles and industrial applications supported the result.

2026 outlook rises to USD 3.7 billion

Garrett Motion raised its 2026 net sales outlook to USD 3.7 billion-USD 3.9 billion. The updated range compares with a previous forecast of USD 3.6 billion-USD 3.9 billion, while adjusted EBIT guidance increased to USD 560 million-USD 600 million from USD 520 million-USD 600 million, according to Garrett Motion.

That guidance change is the central operational counterweight to the share-price decline. It indicates that management expects higher sales and profitability than in its earlier forecast, even as the stock trades below its yearly peak.

September 23 price snapshot

At USD 25.50 on Nasdaq on September 23, 2026, Garrett Motion stock stood 29.66 percent below its 52-week high of USD 36.25. Its market capitalization was USD 4,755,582,057 on the same date, putting the reported quarterly improvement alongside a materially lower equity valuation than the yearly high.

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