ADNT earnings analysis
What we found in ADNT's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Adient's Q2 2026 results showed a strong recovery with net sales increasing to $3.865 billion, up 7% year-over-year, and a turnaround in net income to $27 million from a loss of $335 million a year earlier. Operating margins improved despite some headwinds in production volumes, particularly in the EMEA region. The company is dealing with rising costs but has been able to recover some losses through strategic pricing adjustments.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Improvement
- Net sales increased by $254 million, or 7%, year-over-year to $3.865 billion compared to $3.611 billion in Q2 2025.
- EPS Turnaround
- Reported diluted EPS of $0.52 for Q2 2026, rebounding from a loss of $3.99 in the same quarter last year.
- Operating Cash Flow Increase
- Operating cash flow was reported at $90 million, compared to a loss of $45 million a year ago.
- Reduced Restructuring Costs
- Restructuring costs fell 99% to $5 million, down from $351 million in Q2 2025.
- Segment Revenue Growth
- The Americas segment saw an 11% increase in net sales, reaching $1.884 billion.
- Stable Operating Expenses
- SG&A expenses decreased by 4% to $138 million from $144 million in the prior year.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Production Volatility
- Overall production volumes decreased 0.9% globally, with North America and China seeing significant declines.
- Currency Fluctuations
- Adient's revenues are affected by foreign currency exchange rates, exposing it to potential financial volatility.
- Increased Costs from Geopolitical Factors
- Ongoing geopolitical uncertainties, particularly from the Middle East and Ukraine, could elevate costs and disrupt supply chains.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.52
- Gross margin
- 6.6%
- Operating margin
- 3.3%
- Segment
- Americas: $1.884B
- Segment
- EMEA: $1.272B
- Segment
- Asia: $734M
What they said about what is next.
No numerical guidance provided; management comments indicate a watchful approach due to external economic factors.
The filing reads better than the one before it.
What came before.
- 10-Q · August 6, 2025
- Adient reported quarterly net sales of $3,741 million and GAAP diluted EPS of $0.43 for the three months ended June 30, 2025, with gross profit of $237 million and operating income of $118 million. Liquidity remains…
- 10-Q · May 7, 2025
- Adient reported revenue of $3,611 million for the quarter ended March 31, 2025 (up $111 million QoQ from ~$3,500M and down $139 million YoY from $3,750M). Gross profit improved to $261 million (7.2% margin) but the…
- 10-Q · January 28, 2025
- Adient reported net sales of $3,495 million for the quarter ended December 31, 2024, down $165 million versus $3,660 million a year earlier. Gross profit fell to $216 million and operating income (EBIT) to $93 million,…
- 10-Q · August 6, 2024
- Adient reported Q3 net sales of $3,716 million and gross profit of $207 million, with operating income of $94 million but a loss attributable to Adient of $(11) million (diluted EPS $(0.12)). Revenue and gross profit…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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