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Magna International delivered solid Q2 results, with EPS and net income rising year-over-year due to operational efficiency and disciplined cost control, despite a 3% drop in revenue.
Revenue declined 3% year-over-year to $10.63 billion due to lower light vehicle production.
Adjusted EBIT margin improved to 5.5%, driven by operational improvements.
Net income rose to $379 million, up from $313 million in Q2 2024.
Cash and cash equivalents grew to $1.536 billion by the end of the quarter.
Magna raised its 2025 full-year outlook, forecasting higher sales, adjusted EBIT margin, and adjusted net income.