Magna Targets at Least 15% Annual Earnings Growth Through 2030
Magna International expects adjusted earnings to grow at least 15% a year through 2030, even as it anticipates modest growth in the vehicle market. The Canadian auto-parts supplier’s plan also calls for wider operating margins, strong cash conversion and the completion of a major share buyback.
By Money Talk·November 11, 2026·2 min read·2,492 reads
The company said Wednesday it expects to outpace overall vehicle production growth by 2% to 4% annually and increase its adjusted operating margin by more than 200 basis points over the period. It is targeting average free cash flow conversion of at least 85% of adjusted net income.
Magna said existing business and awarded programs support more than 90% of its expected 2028 sales and over 60% of expected 2030 sales. Chief Executive Swamy Kotagiri said the company sees a path to grow faster than the market, expand margins and create long-term value for shareholders despite a modest growth environment.
Magna recently renewed its share buyback program and plans to complete the repurchase of almost 26 million shares over the next 12 months. The targets follow a late-October cut to its sales guidance, when the company cited lower expected vehicle production in China and the impact of product transitions.
For 2026, Magna now forecasts sales of $41.2 billion to $42 billion, down from its previous range of $41.3 billion to $42.5 billion.
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