2026 Financial Outlook

We have maintained our financial outlook for 2026 across all metrics. 

At the midpoint of our guidance range, we have assumed that global industry production will be approximately 2% lower than in 2025 on a Lear sales-weighted basis. The industry volume assumptions underlying our 2026 financial outlook are derived from several sources, including internal estimates, customer production schedules and the most recent S&P Global Mobility production estimates for our vehicle platforms. 

Our outlook excludes any future impact of potential changes to tariffs or Company or industry-wide production disruptions.

Our 2026 financial outlook is summarized below: 



 		Full Year 2026 Financial Outlook

 
Net Sales$23,210 million - $24,010 million

 
Core Operating Earnings$1,030 million - $1,200 million

 
Adjusted EBITDA$1,650 million - $1,820 million

 
Restructuring Costs≈$175 million

 
Operating Cash Flow$1,210 million - $1,310 million

 
Capital Spending≈$660 million

 
Free Cash Flow$550 million - $650 million

 

The financial outlook is based on a full year average exchange rate of $1.17/Euro and 6.91 RMB/$.