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Guidance history, every release

Lear (LEA) · 8 releases, Oct 24, 2024 to Jul 31, 2026 · rows are metrics, columns are releases

Raised · a change from the previous releaseSame · restated unchanged— · not stated in that releaseEvery value links to its sentence in the filing

Metric	Oct 24, 2024 FY24 Q3	Feb 6, 2025 FY24 Q4	May 6, 2025 FY25 Q1	Jul 25, 2025 FY25 Q2	Oct 31, 2025 FY25 Q3	Feb 4, 2026 FY25 Q4	May 1, 2026 FY26 Q1	Jul 31, 2026 FY26 Q2
For FY2026
Net Sales	—	—	—	—	—	New“$23,210 million - $24,010 million”	Reiterated“$23,210 million - $24,010 million”	Narrowed“$23,540 million - $24,010 million”
Adjusted EBITDA	—	—	—	—	—	New“$1,650 million - $1,820 million”	Reiterated“$1,650 million - $1,820 million”	Narrowed“$1,700 million - $1,820 million”
Core Operating Earnings	—	—	—	—	—	New“$1,030 million - $1,200 million”	Reiterated“$1,030 million - $1,200 million”	Narrowed“$1,080 million - $1,200 million”
Segment Margins	—	—	—	—	—	New“margin expansion in both segments”	—	—
2026-2027 core sales backlog	—	—	—	—	—	New“$1.325 billion”	—	—
Average exchange rate - Euro	—	—	—	—	—	New“$1.16/Euro”	—	—
Average exchange rate - RMB	—	—	—	—	—	New“7.10 RMB/$”	—	—
Average Exchange Rate Assumption	—	—	—	—	—	—	New“$1.17/Euro and 6.91 RMB/$”	—
Capital Spending	—	—	—	—	—	New“≈$660 million”	Reiterated“≈$660 million”	Reiterated“≈$660 million”
Financial Outlook	—	—	—	—	—	—	New“maintained our financial outlook for 2026 across all metrics”	—
Free Cash Flow	—	—	—	—	—	New“$550 million - $650 million”	Reiterated“$550 million - $650 million”	Raised“$590 million - $690 million”
Global Industry Production (Lear sales-weighted basis)	—	—	—	—	—	New“1% lower than in 2025”	—	—
Global Industry Production Assumption (midpoint of)	—	—	—	—	—	—	New“approximately 2% lower than in 2025”	—
Operating Cash Flow	—	—	—	—	—	New“$1,210 million - $1,310 million”	Reiterated“$1,210 million - $1,310 million”	Raised“$1,250 million - $1,350 million”
Restructuring Costs	—	—	—	—	—	New“≈$175 million”	Reiterated“≈$175 million”	Reiterated“≈$175 million”
For FY2025
Net Sales	—	New“$21,875 million - $22,875 million”	—	Raised“$22,470 million - $23,070 million”	Raised“$22,850 million - $23,150 million”	—	—	—
Revenue	—	—	—	New“$22,470 to $23,070 million”	—	—	—	—
Adjusted EBITDA	—	New“$1,535 million - $1,795 million”	—	Narrowed“$1,570 million - $1,710 million”	Narrowed“$1,605 million - $1,665 million”	—	—	—
Core Operating Earnings	—	New“$915 million - $1,175 million”	—	Narrowed“$955 to $1,095 million”	Narrowed“$995 million - $1,055 million”	—	—	—
2025-2026 core sales backlog	—	New“$1.3 billion”	—	—	—	—	—	—
Capital Spending	—	New“≈$625 million”	—	Lowered“≈$590 million”	Lowered“≈$560 million”	—	—	—
Consolidated two-year core sales backlog	—	New“$1.3 billion”	—	—	—	—	—	—
Free Cash Flow	—	New“$430 million - $630 million”	—	Lowered“$420 million - $520 million”	Raised“$475 million - $525 million”	—	—	—
Free Cash Flow Conversion	—	—	—	—	New“approach 80%”	—	—	—
Operating Cash Flow	—	New“$1,055 million - $1,255 million”	—	Lowered“$1,010 million - $1,110 million”	Narrowed“$1,035 million - $1,085 million”	—	—	—
Restructuring Costs	—	New“≈$175 million”	—	Raised“≈$215 million”	Raised“≈$235 million”	—	—	—
Total company full year net performance	—	—	—	New“≈$25 million”	—	—	—	—
For FY2024
Net Sales	New“$22,950 million - $23,150 million”	—	—	—	—	—	—	—
Adjusted EBITDA	New“$1,670 million - $1,720 million”	—	—	—	—	—	—	—
Core Operating Earnings	New“$1,040 million - $1,090 million”	—	—	—	—	—	—	—
Capital Spending	New“≈$575 million”	—	—	—	—	—	—	—
Free Cash Flow	New“$535 million - $585 million”	—	—	—	—	—	—	—
Operating Cash Flow	New“$1,110 million - $1,160 million”	—	—	—	—	—	—	—
Restructuring Costs	New“≈$150 million”	—	—	—	—	—	—	—

Values in quotation marks are the company’s words. Change labels compare each statement with the same metric and target year in the previous release. HighGravityData does not judge whether guidance was met.