Dana (DAN) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Dana published the results on October 28, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Dana reports EPS two ways: GAAP, under the accounting rules every US filer follows, and diluted adjusted EPS, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• All figures are for continuing operations. Dana sold its Off-Highway business to Allison Transmission Holdings on January 1, 2026, and reports that business as discontinued operations, so the year-ago sales exclude it.
• Diluted EPS on this page is on total net income attributable to Dana, including $0.27 per share from discontinued operations. Diluted EPS from continuing operations was -$0.13, against $0.07 a year earlier.

Source: Dana Q3 2026 results, October 28, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Dana splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Dana's Light Vehicle revenue was $1.4 billion in Q3 2026, up 1% from $1.4 billion in Q3 2025, 67% of total revenue.
• Dana's Commercial Vehicle revenue was $667 million in Q3 2026, up 18% from $564 million in Q3 2025, 33% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, Dana said:

“Dana has revised its full-year guidance, raising its sales outlook by approximately $50 million, reflecting higher demand and recoveries.”

“Sales $7.75 to $7.85 billion”

“Adjusted EBITDA $800 to $850 million”

“Diluted Adjusted EPS $1.75 to $2.25”

Source: Dana Q3 2026 release, Oct 28, 2026.

This is the company's own guidance as of Oct 28, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the DAN forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Net sales from continuing operations and total diluted EPS, as first reported. Dana's Q4 2025 and Q1 2026 releases printed no quarterly EPS, so those two rows link to the filing that does (note 22 of the 2025 Form 10-K, and the Q1 2026 Form 10-Q). Q1 2026 EPS of $9.89 includes $10.06 per share from discontinued operations, mostly the gain on the Off-Highway sale.

We do not hold a confirmed date for Dana's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 28, 2026

Dana reported Q3 2026 sales of $2,038 million from two segments: Light Vehicle, $1,371 million (against $1,353 million a year earlier), and Commercial Vehicle, $667 million (against $564 million). Both figures are continuing operations only. Dana sold its Off-Highway business to Allison Transmission Holdings on January 1, 2026, and reports it as discontinued operations. (Dana Q3 2026 release, Oct 28, 2026; Dana Form 10-Q, Q3 2026, Nov 5, 2026)

Dana said the $121 million increase was primarily driven by stronger commercial vehicle demand, backlog conversion, and commercial and cost-recovery actions. Currency added $5 million, principally from a stronger Brazilian real and South African rand, so the organic change was $116 million. (Dana Q3 2026 release, Oct 28, 2026; Dana Form 10-Q, Q3 2026, Nov 5, 2026)

Commercial Vehicle did most of the growing. Its sales excluding currency were 17% higher, while North American Class 8 production rose 32% and Classes 5-7 fell 2%, and medium/heavy-truck production in Europe rose 31%. Pricing and cost and tariff recovery actions added $24 million to the segment. Light Vehicle sales excluding currency were 1% higher, with recoveries and backlog conversion partially offset by lower global electric-vehicle product orders. (Dana Form 10-Q, Q3 2026, Nov 5, 2026)

North America supplied $1,244 million of the quarter's sales, Europe $386 million, Asia Pacific $210 million and South America $198 million. Dana's sales are concentrated in a few vehicle makers: Ford accounted for approximately 32% of 2025 sales, Stellantis approximately 13%, and the 10 largest customers approximately 76%. (Dana Form 10-Q, Q3 2026, Nov 5, 2026; Dana Form 10-K, 2025, Feb 27, 2026)

Dana's GAAP diluted EPS of $0.14 for Q3 2026 includes $0.27 per share from discontinued operations. Continuing operations lost $0.13 per diluted share, against earnings of $0.07 a year earlier, because of a $24 million loss on the extinguishment of debt and higher tax expense, including a $29 million charge for the settlement of a foreign income tax partially offset by a $12 million benefit from post Off-Highway sale restructuring. Income tax expense was $64 million on $52 million of pre-tax earnings from continuing operations. (Dana Q3 2026 release, Oct 28, 2026)

Diluted adjusted EPS was $0.41, against an adjusted loss of $0.04 a year earlier. To reach adjusted net income of $44 million, Dana adds back amortization, restructuring charges, $20 million of strategic transaction expenses and the debt-extinguishment loss, removes the $29 million of income from discontinued operations, and strips out discrete tax items. The 10-Q says the 2026 strategic transaction expenses relate mainly to the potential acquisition of Eaton's Mobility business. Interest expense fell to $20 million from $47 million after debt was repaid with the Off-Highway proceeds. (Dana Q3 2026 release, Oct 28, 2026; Dana Form 10-Q, Q3 2026, Nov 5, 2026)

Diluted weighted-average shares fell to 105.5 million from 130.8 million. Dana repurchased 6,565,350 shares for $200 million in the quarter and $369 million in the first nine months, under a $2,000 million program extended through December 31, 2030. (Dana Q3 2026 release, Oct 28, 2026; Dana Form 10-Q, Q3 2026, Nov 5, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Dana gives full-year guidance in its release. After Q3 2026 it raised its 2026 sales range by about $50 million, to $7.75 to $7.85 billion, citing higher demand and recoveries, and kept adjusted EBITDA at $800 to $850 million (an implied margin of about 10.6%), diluted adjusted EPS at $1.75 to $2.25 and adjusted free cash flow at $275 to $375 million. It also plans to repurchase an additional $100 million of shares in the fourth quarter of 2026. (Dana Q3 2026 release, Oct 28, 2026)

Dana's planned combination with Eaton's Mobility business is structured as a split-off and Reverse Morris Trust transaction. The release says it is tracking to close around the end of the first quarter of 2027 with one regulatory approval pending, and Dana expects at least $250 million of run-rate cost synergies within 24 months after closing. The 10-Q, filed on November 5, gives the anticipated closing as the second quarter of 2027. (Dana Q3 2026 release, Oct 28, 2026; Dana Form 10-Q, Q3 2026, Nov 5, 2026)

A consensus figure is the average of the models published by the analysts who cover Dana, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Dana's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning DAN is on is DAN a buy or a sell?, what analysts expect next is on the DAN forecast, and what the company does is on the Dana (DAN) stock page.

Every number on this page can be traced to a document Dana published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.