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Earnings· May 04, 2026 at 07:41 PM

Magna Stock Craters 10% as Strong Q1 Fails to Lift Full-Year Outlook

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Magna International (NYSE:MGA) delivered a clean beat in the first quarter of 2026, only to see its stock punished for it. Shares fell as much as 10% intraday after the company trimmed its full-year sales guidance, undoing a chunk of the rally that had carried the stock 11.27% from April 6 through the May 1 earnings report. Going ... Magna Stock Craters 10% as Strong Q1 Fails to Lift Full-Year Outlook

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