Garrett Motion (GTX) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Garrett Motion published the results on October 29, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• Garrett Motion reports a single segment. The table shows net sales by product line as given in the 10-Q.
• Garrett Motion does not report an adjusted EPS figure; its main non-GAAP measures are adjusted EBIT, adjusted EBITDA and adjusted free cash flow.

Source: Garrett Motion Q3 2026 results, October 29, 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 Garrett Motion 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.

• Garrett Motion's Diesel revenue was $212 million in Q3 2026, up 5% from $201 million in Q3 2025, 23% of total revenue.
• Garrett Motion's Gas revenue was $385 million in Q3 2026, down 5% from $405 million in Q3 2025, 41% of total revenue.
• Garrett Motion's Commercial Vehicles / Industrial revenue was $202 million in Q3 2026, up 23% from $164 million in Q3 2025, 22% of total revenue.
• Garrett Motion's Aftermarket revenue was $122 million in Q3 2026, up 5% from $116 million in Q3 2025, 13% of total revenue.
• Garrett Motion's Other revenue was $9.0 million in Q3 2026, down 44% from $16.0 million in Q3 2025, under 1% 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, Garrett Motion said:

“Net sales (GAAP) $3.75 billion to $3.85 billion”

“Net income (GAAP) $337 million to $352 million”

“Adjusted EBIT (Non-GAAP)* $570 million to $590 million”

“2026 light vehicle industry production down 2% to 4% from 2025;”

Source: Garrett Motion Q3 2026 release, Oct 29, 2026.

This is the company's own guidance as of Oct 29, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the GTX forecast page.

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

GAAP net sales and diluted EPS, each as first reported in that quarter's release.

We do not hold a confirmed date for Garrett Motion'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 29, 2026

Garrett Motion reported Q3 2026 net sales of $930 million, up 3% from $902 million, including an unfavorable currency impact of $3 million. Turbochargers for gasoline engines are the largest product line at $385 million, against $405 million, followed by diesel at $212 million, commercial vehicles and industrial at $202 million and aftermarket at $122 million. (Garrett Motion Q3 2026 release, Oct 29, 2026; Garrett Motion Form 10-Q, Q3 2026, Oct 29, 2026)

Commercial vehicle and industrial sales rose 23%, which Garrett Motion tied to strong demand in North America and China for industrial and off-highway applications and higher on-highway demand in Japan, Korea and India. Gasoline sales fell 5% on demand softness in China, partly offset by program ramp-ups in Europe and Asia. Diesel rose 5% on demand for light commercial vehicles and pickup trucks, and aftermarket rose 5%. (Garrett Motion Q3 2026 release, Oct 29, 2026)

Europe is Garrett Motion's largest region by country of shipment: Germany took $112 million and the rest of Europe $344 million in the quarter. China accounted for $149 million, against $167 million, the rest of Asia $111 million and the United States $175 million. (Garrett Motion Form 10-Q, Q3 2026, Oct 29, 2026)

Garrett Motion supplies more than 60 OEMs. Its top ten customers were about 62% of 2025 net sales. Stellantis, the largest, accounted for 12%, BMW 11% and Ford 11%. OEM sales were about 86% of 2025 revenue and aftermarket and other products about 14%. (Garrett Motion Form 10-K, 2025, Feb 19, 2026)

Garrett Motion reported Q3 2026 diluted EPS of $0.51, against $0.38, on net income of $97 million, against $77 million. It does not report an adjusted EPS. Garrett Motion attributed the rise in net income mainly to $20 million of higher gross profit, $3 million of lower tax expense and $2 million of lower interest expense. (Garrett Motion Q3 2026 release, Oct 29, 2026)

Gross margin rose to 22.2% from 20.6%, helped by $21 million of favorable product mix, $20 million of productivity net of labor inflation and repositioning costs and $18 million of price net of inflation pass-through, partly offset by $18 million of commodity, transportation and energy inflation. The effective tax rate fell to 18.5% from 24.5%. (Garrett Motion Q3 2026 release, Oct 29, 2026; Garrett Motion Form 10-Q, Q3 2026, Oct 29, 2026)

Buybacks cut the share count. Diluted weighted average shares were 189,054,351, against 202,194,334 a year earlier. Garrett Motion repurchased $57 million of stock in the quarter and $172 million in the first nine months, and its board approved a new $250 million program for 2027 and a quarterly dividend of $0.08 a share. (Garrett Motion Q3 2026 release, Oct 29, 2026; Garrett Motion Form 10-Q, Q3 2026, Oct 29, 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.

Garrett Motion gives a full-year outlook in its release and narrowed it in Q3. For 2026 it now expects net sales of $3.75 billion to $3.85 billion, against a prior $3.7 billion to $3.9 billion, net income of $337 million to $352 million, adjusted EBIT of $570 million to $590 million and adjusted free cash flow of $410 million to $450 million. Its chief executive said the mid-point was reaffirmed despite unfavorable foreign exchange. (Garrett Motion Q3 2026 release, Oct 29, 2026)

The outlook assumes 2026 light vehicle industry production down 2% to 4% from 2025, commercial vehicle production up 1% to 2%, light vehicle battery electric penetration of about 19% and a Euro/USD rate of 1.15. (Garrett Motion Q3 2026 release, Oct 29, 2026)

A consensus figure is the average of the models published by the analysts who cover Garrett Motion, 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 Garrett Motion'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 GTX is on is GTX a buy or a sell?, what analysts expect next is on the GTX forecast, and what the company does is on the Garrett Motion (GTX) stock page.

Every number on this page can be traced to a document Garrett Motion 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.