Garrett Motion is trading 8.4% up at $30.88 after posting stronger-than-expected second-quarter results and raising its full-year 2026 guidance.
- The company reported revenue of $976 million and diluted EPS of $0.53, both of which topped consensus estimates.
- Management highlighted a strategic pivot toward higher-margin industrial and electrification segments, contributing to expanded adjusted EBIT margins.
- The positive market reaction reflects investor confidence in the revised outlook despite broader weakness across the industrial sector.