MAGNA INTERNATIONAL (MGA) Company Report

Analyst Coverage

Research analysts who have asked questions during MAGNA INTERNATIONAL earnings calls.

Dan Levy

Barclays PLC

4 questions for MGA

Also covers: ADNT, ALV, APTV +14 more

James Picariello

BNP Paribas

4 questions for MGA

Also covers: ADNT, APTV, AXL +11 more

Mark Delaney

The Goldman Sachs Group, Inc.

4 questions for MGA

Also covers: APH, APTV, AUR +22 more

Tamy Chen

BMO Capital Markets

4 questions for MGA

Also covers: ACB

Brian Morrison

TD Cowen

3 questions for MGA

Also covers: DOOO, GIL, PHH

Colin Langan

Wells Fargo & Company

3 questions for MGA

Also covers: ADNT, ALV, AN +12 more

Joseph Spak

UBS Group AG

3 questions for MGA

Also covers: ADNT, APH, APTV +16 more

Michael Glen

Raymond James

3 questions for MGA

Also covers: ATS

Chris McNally

Evercore ISI

2 questions for MGA

Also covers: ALV, APTV, AUR +4 more

John Murphy

Bank of America

2 questions for MGA

Also covers: ABG, ADNT, AN +16 more

Jonathan Goldman

Scotiabank

2 questions for MGA

Also covers: ATS, DOOO, STN

Adam Jonas

Morgan Stanley

1 question for MGA

Also covers: APTV, CAR, CVNA +7 more

Douglas Dutton

Evercore ISI

1 question for MGA

Also covers: AN, AUR, EVGO +1 more

Emmanuel Rosner

Wolfe Research

1 question for MGA

Also covers: ADNT, ALV, APTV +10 more

Gautam Narayan

RBC Capital Markets

1 question for MGA

Also covers: APTV, AXL, CPTN +5 more

Itay Michaeli

TD Cowen

1 question for MGA

Also covers: APTV, ASPN, AUR +11 more

Joe Spak

UBS Group AG

1 question for MGA

Also covers: ADNT, APH, APTV +7 more

Shreyas Patil

Wolfe Research, LLC

1 question for MGA

Also covers: APTV, MBLY, RIVN +3 more

Tom Narayan

RBC Capital Markets

1 question for MGA

Also covers: ALV, APTV, AXL +7 more

Latest news

Recent press releases and 8-K filings for MGA.

Magna Mining Announces 2026 Guidance and Project Updates

MGA

Guidance Update

New Projects/Investments

Magna Mining Inc. has issued its 2026 guidance for the McCreedy West Mine, projecting 16.0 million – 18.0 million pounds CuEq payable production from the 700 Copper Zone.
For 2026, Cash Costs (excluding stream payments) are estimated at US$3.40/lb CuEq – US$3.80/lb CuEq, and All-In Sustaining Costs (AISC) (excluding stream payments) are guided at US$4.20/lb CuEq – US$4.70/lb CuEq.
A Preliminary Economic Assessment (PEA) for the Levack Mine is expected to be completed in the third quarter of 2026, with underground rock hoisting anticipated in the second half of 2026.
A Pre-Feasibility Study (PFS) for the Crean Hill Mine is also underway, with completion expected in Q3 2026, and dewatering of underground workings potentially starting in the second quarter of 2026.

1 day ago

Press Release

Magnera Reports First Quarter 2026 Results

MGA

Earnings

Guidance Update

Magnera reported net sales of $792 million and Adjusted EBITDA of $93 million for the first quarter ended December 27, 2025.
Compared to the prior year's December Quarter, net sales increased by 13% and Adjusted EBITDA increased by 11%, with contributions from a recent merger and favorable foreign currency changes.
The company reaffirmed its fiscal 2026 guidance, expecting Adjusted EBITDA to be between $380 million and $410 million and free cash flow between $90 million and $110 million.
Magnera made $27 million in debt payments during the quarter.

2 days ago

Press Release

Aeron Defense Formed and Acquires General Tool Company and Magna Machine

MGA

M&A

New Projects/Investments

Ventus Industrial Partners has announced the formation of Aeron Defense and its acquisition of General Tool Company (GTC) and Magna Machine.
This strategic move was made in partnership with GenNx360 Capital Partners and Admiralty Partners.
GTC and Magna, both manufacturers of mission-critical defense components, will reunite under the GTC name, expanding their manufacturing footprint to 550,000 square feet.
The Kramer family, founders of GTC and Magna, are now minority shareholders in Aeron.

2 days ago

Press Release

Magna Mining Announces Q4 2025 Production Results

MGA

Guidance Update

Magna Mining Inc. reported Q4 2025 production results from its McCreedy West Mine, with 84,953 tons of ore produced, marking a 13% increase over Q3.
Ore grades for Q4 2025 included 1.31% copper, 0.23% nickel, 1.05 g/t platinum, 1.10 g/t palladium, 0.45 g/t gold, and 15.51 g/t silver. Precious metal grades for platinum, palladium, and gold were more than double Q3, and silver grades were up over 40%.
Underground development reached 1,688 feet, and diamond drilling increased 91% over Q3 2025 to 29,334 feet.
A Life of Mine plan for McCreedy West, which will include a maiden reserve estimate and 2026 guidance, is anticipated to be released in the coming weeks.

Jan 20, 2026, 11:45 AM

Press Release

Magna Mining to Initiate Pre-Feasibility Study for Crean Hill Project

MGA

New Projects/Investments

Magna Mining Inc. has engaged Technica Mining Inc. to commence a pre-feasibility study (PFS) for its Crean Hill Project in Sudbury, Ontario.
The PFS is scheduled to begin in January 2026 and is expected to be completed in Q3 2026.
This study will build upon the September 2024 Preliminary Economic Assessment (PEA), which projected a 13-year mine life and highlighted an after-tax Net Present Value (NPV) (8%) of $194.1 million with an Internal Rate of Return (IRR) of 129%. The PEA also indicated pre-production capital costs of $27.7 million.

Dec 16, 2025, 11:45 AM

Press Release

Magna Mining Provides Exploration Update for Levack Mine's R2 Target

MGA

New Projects/Investments

Magna Mining Inc. announced on December 9, 2025, that ongoing exploration at the past-producing Levack Mine's R2 target in Sudbury, Ontario, continues to intersect multiple high-grade copper and precious metal veins.
Highlights from new assay results include 12.9% Cu, 140.7 g/t Pt+Pd+Au and 78.0 g/t Ag over 0.3 metres from hole FNX6083-W3, and 25.0% Cu, 34.7 g/t Pt+Pd+Au and 151.0 g/t Ag over 0.4 metres from hole FNX2026-W2.
The mineralization within the R2 target area has been intersected over a vertical extent of greater than 200 metres and remains open, with diamond drilling continuing to expand the target area and test for other prospective targets.

Dec 9, 2025, 11:45 AM

Press Release

Magna International Discusses Q4 Margins, 2026 Outlook, and Capital Allocation

MGA

Guidance Update

New Projects/Investments

Share Buyback

Magna anticipates a significant increase in fourth-quarter margins to approximately 7%, up from 5% year-to-date, primarily due to commercial and tariff recoveries.
The company projects an additional 35-40 basis points of margin expansion in 2026, building on previous gains and driven by ongoing operational excellence initiatives, assuming a flattish production environment.
MegaTrend engineering spend is expected to be optimized to around $800 million in 2026, a reduction from $1.2 billion two years prior and $900 million this year, as significant core technology development is largely complete.
Magna's China operations are accretive to the company's average margins and are forecast to achieve +10% year-over-year growth, with 65% of business conducted with Chinese OEMs.
The company is focused on deleveraging, expecting to be below 1.7x by year-end and targeting 1.5x, which positions them for potential share buybacks in 2026.

Nov 20, 2025, 6:10 PM

Transcript

Magna International Discusses Q4 Margin Outlook and 2026 Strategic Initiatives

MGA

Guidance Update

Share Buyback

New Projects/Investments

Magna International anticipates a significant step up in Q4 margins to approximately 7%, primarily driven by commercial recoveries and tariff benefits.
The company expects an additional 35-40 basis points of margin expansion year-over-year into 2026, assuming a flattish production environment, through initiatives such as cost structure optimization, productivity improvements, automation, and digitization.
Magna has optimized its engineering spend, reducing it from $1.2 billion two years ago to approximately $900 million this year, with an expectation to be around $800 million in 2026.
Magna's China business, with 65% of its revenue from Chinese OEMs, is growing at 10%+ year-over-year and is accretive to the company's average margins.
The company is focused on free cash flow generation and expects to be below 1.7x leverage by year-end, setting up 2026 for potential share buybacks. New contract economics include resetting labor economics at the start of production and risk-adjusted higher returns for new programs.

Nov 20, 2025, 6:10 PM

Transcript

Magna Discusses Q4 Margin Outlook, 2026 Operational Improvements, and Capital Allocation

MGA

Guidance Update

Share Buyback

New Projects/Investments

Magna anticipates Q4 margins to be around 7%, a sequential increase from the year-to-date 5%, driven by commercial and tariff recoveries and lower engineering spend.
The company expects to achieve an additional 35-40 basis points of year-over-year margin improvement in 2026 through operational excellence initiatives, including cost structure optimization, material savings, productivity, automation, and digitization, assuming a flattish light vehicle production environment.
MegaTrend engineering spend has been optimized from $1.2 billion two years ago to approximately $900 million this year, with a further reduction to around $800 million expected in 2026.
Magna's China business, with 65% exposure to Chinese OEMs, is growing at over 10% annually and is accretive to the company's average margins.
The company is deleveraging, with a target of 1.5x net debt, and expects 2026 to be favorable for share buybacks due to strong free cash generation and anticipated margin expansion.

Nov 20, 2025, 6:10 PM

Transcript

Magnera Reports Fourth Quarter and Fiscal Year 2025 Results and Provides 2026 Guidance

MGA

Earnings

Guidance Update

Demand Weakening

Magnera reported Q4 2025 net sales of $839 million and operating income of $10 million, with Adjusted EBITDA of $90 million.
For Fiscal Year 2025, the company achieved net sales of $3.2 billion, operating income of $5 million, and Adjusted EBITDA of $362 million.
Magnera generated $126 million in post-merger adjusted free cash flow for Fiscal Year 2025, ending the year with a leverage of 3.8x.
The company provided Fiscal Year 2026 guidance for Adjusted EBITDA between $380 million and $410 million and free cash flow between $90 million and $110 million.