Lear Corporation Q1 2026 revenue rises 5%, adjusted EPS up 24% amid strong automotive tech demand

Lear Corporation reported a 5% increase in Q1 2026 revenue to $5.8 billion and a 24% rise in adjusted earnings per share to $3.87, driven by growth in its Seating and E-Systems segments. The company secured new contracts with major automakers including GM, Toyota, Audi, and BMW, boosting its backlog especially in China. Despite a global vehicle production decline, Lear improved margins and cash flow, repurchased $75 million in shares, and maintained its 2026 financial outlook with expected sales between $23.2 billion and $24 billion. This strong start reflects Lear's focus on innovation and operational efficiency in a dynamic market.