EarningsQ2 2026 Earnings Report
MX:PHIN Q2 2026 EPS Results
Actual EPS$27.51
Consensus EPS$28.32
Beat/MissMissed by -$0.81
One Year Ago EPS$22.83
MX:PHIN Q2 2026 Revenue Results
Actual Revenue$16.90B
Expected Revenue$16.52B
Beat/MissBeat by +$380.71M
YoY Revenue Growth+5.62%
Earnings Announcement Details
QuarterQ2 2026
Date07/30/2026
TimeBefore Open
Conference CallThursday, July 30, 2026
MX:PHIN Upcoming Earnings
PHINIA Inc.'s next earnings date is estimated for October 29, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:PHIN Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a broadly positive operational and financial performance: solid revenue growth, strong free cash flow generation, improved EPS, disciplined capital returns, and an accretive tuck-in acquisition (stoba) expected to expand capabilities and margins. Offsetting items include FX and tariff-related top-line impacts, a modest decline in adjusted EBITDA margin (40 bps), increased incentive and stock‑based compensation costs, and regional weakness in China. Management retained a prudent and steady capital allocation stance while tightening guidance ranges and maintaining the midpoint, signaling confidence in execution despite external uncertainties.Company Guidance
Top-line Growth
Total net sales of $940 million in Q2, up 5.6% year-over-year. Excluding FX impacts, tariff pass-throughs and SEM contribution, revenue increased ~2% year-over-year.
Segment Performance — Fuel Systems
Fuel Systems sales of $584 million, up 5% year-over-year, with an adjusted operating margin of 11%.
Segment Performance — Aftermarket
Aftermarket sales of $356 million, up 6.6% year-over-year, with an adjusted operating margin of 17.1% driven by steady demand and expanded geographic distribution.
Profitability Metrics
Adjusted EBITDA of $130 million in the quarter (margin 13.8%), up $4 million year-over-year. Total segment adjusted operating income was $125 million (13.3% margin).
Earnings Per Share
Adjusted diluted EPS of $1.53 for the quarter vs. $1.27 prior year, a 20.5% year-over-year increase.
Cash Generation and Liquidity
Cash and cash equivalents of $370 million and total liquidity of $820 million at quarter-end. Cash flow from operations of $91 million (up $34 million YoY) and adjusted free cash flow of $74 million in the quarter.
Strong Capital Returns
Returned $53 million to shareholders in the quarter (share repurchases and dividends). Since the July 2023 spinoff through Q2 2026, returned $665 million (repurchased $534 million, ~24% of original share count, and paid $131 million in dividends).
Refined but Stable Full-Year Guidance
Tightened 2026 revenue range to $3.57B–$3.67B (mid-single-digit growth inclusive of FX) and adjusted EBITDA guidance of $485M–$515M (13.5%–14.1% margin). Adjusted free cash flow guidance updated to $210M–$250M.
Accretive Acquisition of stoba Group
Definitive agreement to acquire stoba Group (expected close Q4 2026). On a third‑party basis stoba adds ~ $80M in revenue and ~ $25M in adjusted EBITDA (purchase price ~6x EBITDA); expected to add ~40 basis points to company EBITDA margin and expand exposure to off-highway, industrial, aerospace & A&D, and semiconductor equipment components.
Product & Commercial Wins
Multiple new business wins and product launches: heated-tip MPFI system, 24V starter program for Class 8, common rail system for agricultural applications, 500bar GDi system, India fuel delivery module, next-generation GDi pump. Introduced >2,650 new SKUs in H1 and added >150,000 cross-references to catalogs.
Operational Discipline
CapEx at 2.3% of sales (below 4% target), working capital improvements, and supply-chain savings contributing to higher cash generation and improved net leverage (net leverage 1.3x, below 1.5x target).
MX:PHIN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed