• Lear’s Q1 2026 earnings call drew CEO Raymond Scott, CFO Jason Cardew, and investor relations chief Timothy Brumbaugh, with questions from analysts including Barclays, Wells Fargo, UBS, Goldman Sachs, BNP Paribas, and Wolfe Research.
• Q1 sales rose 5% to USD 5.8 billion; core operating earnings increased 10% to USD 297 million; adjusted EPS climbed 24% to USD 3.87; operating cash flow was USD 98 million.
• Management kept its full-year outlook unchanged despite a USD 385 million revenue headwind versus the February view from tariff-policy changes, citing offsets from foreign exchange, commodity pass-throughs, favorable program mix, and incremental backlog launches in the second half.
• Tariff accounting lifted Q1 margins by about 20 basis points in Seating and 40 basis points in E-Systems; copper inventory revaluation also benefited E-Systems in Q1, with the effect expected to unwind over the rest of the year.
• Executives flagged accelerating E-Systems conquest opportunities in wiring and higher-margin electronics wins tied to next-generation electrical architectures, while targeting more than 80% free cash flow conversion to support at least USD 300 million of share repurchases in 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lear Corporation published the original content used to generate this news brief on May 21, 2026, and is solely responsible for the information contained therein.