Garrett Motion(NASDAQ) GTX

Garrett Motion Inc. makes turbochargers that help car engines run more efficiently. These systems allow vehicle manufacturers to reduce fuel use and lower exhaust emissions. The company serves global vehicle makers and provides replacement parts to repair shops.

A Diverse Product Portfolio

• Gasoline Products: Turbochargers for gas-powered passenger vehicles; accounted for 43% of net sales in the three-month period ended June 30, 2026.
• Diesel Products: Boosting systems for diesel passenger and light commercial vehicles; made up 24% of net sales in the three-month period ended June 30, 2026.
• Commercial and Industrial: Heavy-duty turbochargers for trucks and stationary power generators; represented 19% of net sales in the three-month period ended June 30, 2026.
• Aftermarket Parts: Replacement components sold through a global network of distributors; contributed 12% of net sales in the three-month period ended June 30, 2026.

Expanding Beyond the Traditional Turbo

• Kicked off pre-development of a commercial vehicle electric powertrain with a Japanese truck manufacturer.
• Won new business providing turbo technology specifically for data center power systems.
• Received customer feedback on efficiency gains for its oil-free compressor technology.
• Maintained a share repurchase program that used $115 million in the first half of 2026.

Why Garrett Stays Flexible

The company uses a variable cost structure to stay flexible during changes in vehicle production volumes. It invests in zero-emission technologies to meet shifting environmental regulations across global markets.

Tracking Recent Financial Results

• Net sales reached $976 million in the three-month period ended June 30, 2026, up 6.9% year over year.
• Net income rose to $101 million in the three-month period ended June 30, 2026, from $87 million in the prior year period.
• Adjusted EBIT reached $152 million in the three-month period ended June 30, 2026, up from $124 million year over year.
• Market capitalization stood at $6.8 billion in the second quarter of 2026, up 218.5% year over year.
• Cash provided by operating activities was $243 million for the six-month period ended June 30, 2026.

Bottom Line

Garrett Motion has expanded beyond traditional engines into electric boosting and industrial power solutions. This transition helps the business stay relevant as the automotive industry moves toward cleaner energy.