filecrux
Oct 23, 10:29 AM
$ALV Autoliv trims its 2026 margin guide to around 10.5%, the bottom of its range.
✂️ Autoliv narrowed its full-year 2026 adjusted operating margin guide to around 10.5%, the low end of its prior around 10.5-11% range, blaming raw materials, logistics, flooding in Thailand and weaker customer call-off accuracy
⚠️ Even the lowered guide needs a big fourth quarter: a 9.4% adjusted margin through nine months implies roughly 13-14% in Q4 on our math, which Autoliv says will come from more product launches and significant raw material recoveries
💰 Sales and cash guidance held at around 0% organic growth and around
$1.2B of operating cash flow, which funds a buyback that retired 1.23 million shares for
$150M in Q3
📅 Next: Earnings call at 2:00 p.m. CEST today, October 23, 2026; Investor Day in Shanghai on April 26 and 27, 2027
Source: Autoliv Q3 release + SEC 8-K, Oct 23
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