Magna International stock reports a Q2 earnings beat as Hold prevails
Published on 10/05/2026 at 22:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Magna International (ISIN CA5592224011) was last at USD 64.92 on the NYSE on October 5, 2026, up 0.55 percent from the prior close. The latest company results showed adjusted Q2 earnings of USD 1.86 per share against a USD 1.53 consensus estimate, giving the stock a fresh earnings benchmark.
Q2 earnings beat estimates
According to MarketBeat, Magna reported USD 1.86 in quarterly earnings per share for the quarter reported on July 31, 2026, beating the USD 1.53 estimate by USD 0.33. The result also exceeded the USD 1.44 per-share result from the year-earlier quarter.
Revenue reached USD 10.84 billion, up 3.3 percent year over year and above the USD 10.63 billion analyst estimate. MarketBeat also reported fiscal 2026 guidance of USD 6.70 to USD 7.30 in earnings per share, while analysts projected USD 7.06 for the full year.
Hold consensus leaves room
The analyst picture is measured rather than uniformly bullish. MarketBeat identified 19 covering analysts: 11 Holds, six Buys, one Strong Buy and one Sell, producing a Hold consensus and a USD 69.07 average 12-month target. That target lies 6.4 percent above the October 5 price of USD 64.92.
Recent individual research has also stayed cautious. Markets Insider reported on October 3, 2026, that J.P. Morgan maintained a Hold rating and a USD 72.00 price target.
Stock remains below yearly high
MGA's October 5 trading range was USD 64.11 to USD 65.19, with 670,840 shares traded. The 52-week range was USD 43.11 to USD 73.22, placing the last price 11.3 percent below the yearly high and 50.6 percent above the yearly low.
The market capitalization stood at USD 17.7 billion on October 5, 2026. Magna's investor-relations page identifies NYSE trading under MGA and describes the company as a global automotive supplier serving automakers across North America, Europe and Asia.
Q3 results date is set
MarketBeat lists October 30, 2026, as Magna's Q3 2026 reporting date before the market opens, with a consensus EPS estimate of USD 1.56. That upcoming figure will test whether the Q2 earnings improvement is carrying into the second half.
NYSE price and market value
Magna International was last at USD 64.92 on the NYSE on October 5, 2026 at 4:00 p.m. ET. Its USD 17.7 billion market capitalization and USD 69.07 analyst consensus target frame the next earnings checkpoint without creating a recommendation.
Magna International stock details
- Company: Magna International Inc.
- ISIN: CA5592224011
- Ticker: MGA
- Trading venue: NYSE
- Price as of October 5, 2026, 4:00 p.m. ET: USD 64.92
- Market capitalization: USD 17.7 billion (as of October 5, 2026)
- 52-week range: USD 43.11-USD 73.22 (as of October 5, 2026)
- Sector / Industry: Consumer Cyclical / Auto Parts
Upcoming dates for Magna International stock
- October 30, 2026: Q3 2026 earnings report before the market opens
