Track market-moving stories before they get noisy

Rate Cuts Make These 3 Income ETFs More Attractive Than EverVisteon NASDAQ: VC reported second-quarter 2026 sales of $960 million, down 1% from a year earlier, as lower customer vehicle production weighed on volumes across major regions. The automotive electronics supplier said it still outperformed its customer-weighted production by approximately 4 percentage points, helped by recent product launches in Europe and India.

President and Chief Executive Officer Sachin Lawande said customer vehicle production declined about 5% during the quarter, while Visteon’s sales remained “essentially flat year-over-year.” Adjusted EBITDA was $116 million, representing a 12.1% margin, and adjusted free cash flow was positive. The company ended the quarter with $650 million in cash and net cash of $351 million.

Get Visteon alerts:

3 Automotive Parts Makers Growing at Double-Digit Rates“Visteon delivered another quarter of solid execution despite a challenging industry production environment,” Lawande said, citing the ramp of recently launched programs and the company’s diversified customer base.

Launches and Bookings Support Second-Half Outlook Visteon launched 24 new products across 11 automakers during the quarter, bringing first-half launches to 44. More than half of the second-quarter launches were display products, reflecting what Lawande described as the industry’s continued shift toward larger, higher-content digital cockpits.

5 medical stocks growing earnings by triple digitsAmong the launches highlighted by the company were the Mercedes-Benz S-Class Superscreen, display systems on other Mercedes platforms, a dual display system for Nissan’s Elgrand minivan, a center display for Renault Boreal, digital clusters with Hyundai in India and two-wheeler programs with Royal Enfield and Hero MotoCorp.

The company also secured $2 billion of new business awards during the quarter, bringing first-half bookings to $3 billion. Visteon said it remains on track for its full-year bookings target of $6 billion. Approximately 60% of first-half wins came from its strategic software-defined vehicle portfolio, including SmartCore cockpit domain controllers, high-performance compute platforms and advanced display systems.

Lawande said second-quarter bookings included another SmartCore high-performance compute program with a premium brand under the Geely Group, two new commercial vehicle customers in North America, multiple display programs with an existing North American customer and a first digital cluster win with a Japanese OEM.

Regional Performance Mixed as China Remains Challenging Visteon said Europe was its strongest region in the quarter, with sales increasing despite weaker customer production. The company attributed the performance to display launches with Audi, Renault and Mercedes. In the rest of Asia, growth in India offset currency headwinds and the roll-off of a Mazda program in Japan, supported by SmartCore programs with Mahindra, infotainment launches with Tata and two-wheeler growth.

In the Americas, sales reflected previously discussed headwinds, including lower customer production, reduced battery management system volumes with GM and Ford vehicle discontinuations. Those pressures were partially offset by Nissan multi-display systems and Volkswagen infotainment programs.

China remained under pressure. Lawande said sales reflected weakness in the value segment after changes in government policies and incentives, as well as continued market-share losses by international OEMs. However, he said the premium domestic OEM segment was more resilient and better aligned with Visteon’s strategy.

During the question-and-answer session, Lawande said the Chinese market is undergoing what appears to be a structural change, with demand pressure concentrated in internal combustion vehicles and electric vehicles not considered “smart cars.” He said Visteon’s second-quarter sales grew with domestic OEMs that have premium technology portfolios but were hurt by lower volumes with international OEMs.

Guidance Reaffirmed, With Sales Tracking Toward High End Senior Vice President and Chief Financial Officer Jerome Rouquet said Visteon is reaffirming full-year guidance across key financial metrics. The company continues to expect:

Sales of $3.625 billion to $3.825 billion, trending toward the high end at about $3.8 billion. Adjusted EBITDA of $455 million to $495 million, trending toward the midpoint at approximately $475 million. Adjusted free cash flow of $170 million to $210 million, trending toward the low end at about $170 million. Rouquet said the sales outlook reflects year-to-date performance, continued customer recoveries, and a strong second-half launch schedule, partially offset by softer customer production. Lawande said Visteon expects sales to grow in the second half versus the prior year despite customer vehicle production being forecast to decline about 5% during the same period.

The company expects sales growth in all regions except the Americas. In Europe and the rest of Asia, Visteon expects mid-teen sales growth. In China, it expects to return to low single-digit sales growth as its first SmartCore high-performance compute programs launch with Geely and Chery.

Cost Recovery and Memory Supply Remain Key Issues Rouquet said Visteon made progress in the quarter recovering semiconductor-related cost increases, securing agreements with many customers that offset memory cost inflation incurred in the second quarter. He said the company expects to close remaining customer agreements in the second half.

Rouquet also said cost pressures initially seen in memory are now extending to other purchased components, making it difficult to fully offset inflation in 2026. He said margins are expected to improve through the rest of the year as customer recoveries and cost initiatives ramp.

In response to analyst questions, Lawande discussed a recent agreement with Micron, saying it provides better assurance of supply, improved long-term visibility into memory availability and better price predictability. However, he said Visteon still expects 2027 to be challenging for memory supply and is working with alternate suppliers while redesigning some products to allow more flexibility in the use of different memory parts.

Lawande said Visteon expects to pursue full recovery of memory cost increases from customers next year, while some engineering costs tied to qualifying alternate memory sources may be absorbed by the company.

Capital Returns and Insourcing Questions Addressed Visteon announced a $200 million accelerated share repurchase program, which Rouquet said is expected to be completed by early in the fourth quarter. The program will exhaust the remaining capacity under the company’s 2023 authorization and use part of the $800 million authorization announced at its June Investor Day.

Rouquet said the ASR is the first step in Visteon’s plan to return approximately $1 billion to shareholders between 2026 and 2029, primarily through share repurchases and dividends. He reiterated that the company’s net cash target is $150 million, compared with $351 million at the end of the quarter.

Analysts also asked about the risk of automakers insourcing cockpit domain controllers and high-performance compute systems. Lawande said Ford and GM remain important customers and that about 20% of Visteon’s first-half new business wins came from those two OEMs, mostly Ford display business. He said the company continues to see opportunities to collaborate with large automakers as cockpit electronics become more complex.

Lawande said OEMs face increasing challenges from technologies such as high-performance computing and artificial intelligence, particularly across multiple vehicle segments and regions. He said Chinese OEMs are actively collaborating with strategic suppliers for certain technologies, which has supported Visteon’s wins in China.

“We think that we can be a good collaborative partner and support all OEMs in their transitions through these technologies,” Lawande said.

About Visteon (NASDAQ:VC)Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company's product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

Should You Invest $1,000 in Visteon Right Now?Before you consider Visteon, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Visteon wasn't on the list.

While Visteon currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

MarketBeat just released its list of the 7 hottest IPOs expected to hit Wall Street in 2026. See which companies are preparing to go public and why investors are watching closely.

Get This Free Report

, /PRNewswire/ -- Visteon Corporation (NASDAQ: VC) today reported second quarter financial results. Highlights include:

Sales of $960 million with Growth-over-Market of 4%1  Net income attributable to Visteon of $49 million Adjusted EBITDA of $116 million, representing a 12.1% margin Operating cash flow of $37 million and adjusted free cash flow of $20 million  Strong balance sheet with net cash of $351 million at quarter end New business wins of $2.0 billion support strategic objectives for long-term growth $200 million accelerated share repurchase program Second Quarter Results

Visteon reported net sales of $960 million, compared to $969 million in the prior year. Sales reflected 4% growth-over-market1, driven by launch ramps and regional execution, despite lower customer vehicle production and legacy program roll-offs.

Gross margin in the second quarter was $118 million. Net income attributable to Visteon was $49 million or $1.80 per diluted share. Adjusted EBITDA, a non-GAAP measure defined below, was $116 million, reflecting continued operational discipline in a dynamic supply chain environment. Margin performance in the quarter benefited from customer commercial recoveries and disciplined cost execution, partially offset by higher supplier costs and continued engineering investments.

For the first six months of 2026, cash from operations was $43 million, capital expenditures were $61 million, and adjusted free cash flow, a non-GAAP measure defined below, was an outflow of $3 million. The Company ended the second quarter with cash of $650 million and debt of $299 million. The Company's strong balance sheet, with a net cash position of $351 million, provides flexibility to continue investing in the business while supporting capital allocation priorities.

Visteon secured approximately $2.0 billion in new business during the second quarter, reflecting continued momentum across the Company's strategic growth areas. Highlights included an additional next-generation SmartCore™ high-performance compute ("HPC") award with another premium vehicle brand of a large Chinese OEM, further strengthening the Company's position in next-generation cockpit computing. The quarter also included strategic awards with North American OEMs, additional wins in India, as well as commercial vehicle and two-wheeler awards. These awards reflect ongoing diversification of the Company across customers and markets.

Visteon launched 24 new products during the second quarter across 11 customers, demonstrating continued execution across its strategic growth areas. Highlights included an integrated center and passenger display system for a German premium OEM, ongoing expansion of Renault displays, a digital cluster on the Hyundai Exter, and a vehicle control unit for Royal Enfield's first electric motorcycle, the "Flying Flea." These launches demonstrate ongoing adoption of Visteon's advanced cockpit portfolio and support the industry's transition toward software-defined vehicles.

"Our second quarter results support the strategic priorities we outlined at Investor Day," said President and CEO Sachin Lawande. "Our SmartCore™ HPC momentum, progress across our strategic growth areas and successful product launches reinforce the long-term growth objectives we shared with investors."

Accelerated Share Repurchase Program

The Company today announced that it has entered into a $200 million accelerated share repurchase ("ASR") agreement under its previously announced $800 million share repurchase authorization. The ASR is expected to be completed early in the fourth quarter of 2026.

The ASR reflects the Company's capital allocation priorities, supporting shareholder returns while maintaining the flexibility to invest in future growth.

About Visteon

Visteon (NASDAQ: VC) is advancing mobility through innovative technology solutions that enable a software-defined future. The Company's state-of-the-art product portfolio merges digital cockpit innovations, advanced displays, AI-enhanced software solutions, and integrated EV architecture solutions. With expertise spanning passenger vehicles, commercial transportation, and two-wheelers, Visteon partners with global OEMs to create safer, cleaner, and more connected journeys. Headquartered in Van Buren Township, Michigan, Visteon operates in 17 countries, employing a global network of innovation centers and manufacturing facilities. For more information, visit visteon.com.

Conference Call and Presentation

Today, Thursday, July 23, at 9 a.m. ET, the Company will host a conference call for the investment community to discuss the quarter's results and other related items. The conference call is available to the general public via a live audio webcast.

The dial-in numbers to participate in the call are:

U.S./Canada: 1-833-461-5787
Outside U.S./Canada: 1-585-542-9983
Conference ID: 113899249

(Call approximately 10 minutes before the start of the conference.)

The conference call and live audio webcast, related presentation materials and other supplemental information will be accessible in the Investors section of Visteon's website.

__

Use of Non-GAAP Financial Information

Because not all companies use identical calculations, adjusted EBITDA, adjusted net income, adjusted EPS, free cash flow and adjusted free cash flow used throughout this press release may not be comparable to other similarly titled measures of other companies.

Forward-looking Information 

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The words "will," "may," "designed to," "outlook," "believes," "should," "anticipates," "plans," "expects," "intends," "estimates," "forecasts" and similar expressions identify certain of these forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various factors, risks and uncertainties that could cause our actual results to differ materially from those expressed in these forward-looking statements, including, but not limited to:

uncertainties in U.S. or foreign policy regarding trade agreements, tariffs or other international trade policies and any response to such actions by foreign countries; continued and future impacts of the geopolitical conflicts and related supply chain disruptions, including but not limited to the conflicts in the Middle East, Russia and East Asia and the possible imposition of sanctions; significant and prolonged shortages of, or unrecoverable price increases in, critical components, including but not limited to semiconductors such as DRAM, particularly where such components are sourced from sole or primary suppliers; failure of the Company's joint venture partners to comply with contractual obligations or to exert influence or pressure in China; conditions within the automotive industry, including (i) the automotive vehicle production volumes and schedules of our customers, (ii) the financial condition of our customers and the effects of any restructuring or reorganization plans that may be undertaken by our customers, including work stoppages at our customers, and (iii) possible disruptions in the supply of commodities to us or our customers due to financial distress, work stoppages, natural disasters or civil unrest; our ability to satisfy future capital and liquidity requirements; including our ability to access the credit and capital markets at the times and in the amounts needed and on terms acceptable to us; our ability to comply with financial and other covenants in our credit agreements; and the continuation of acceptable supplier payment terms; our ability to access funds generated by foreign subsidiaries and joint ventures on a timely and cost-effective basis; our ability to grow our business with Chinese domestic OEMs and to compete with Chinese domestic suppliers as they expand their market-share outside of China; general economic conditions, currency exchange rates, interest rates, changes in foreign laws, regulations or trade policies, including export controls of certain parts or materials or political stability in foreign countries where Visteon procures materials, components, or supplies or where its products are manufactured, distributed, or sold; disruptions in information technology systems including, but not limited to, system failure, cyber-attack, malicious computer software (malware including ransomware), unauthorized physical or electronic access, or other natural or man-made incidents or disasters; increases in raw material and energy costs and our ability to offset or recover these costs; increases in our warranty, product liability and recall costs or the outcome of legal or regulatory proceedings to which we are or may become a party; changes in laws, regulations, policies or other activities of governments, agencies and similar organizations, domestic and foreign, that may tax or otherwise increase the cost of, prohibit, or otherwise affect, the manufacture, licensing, distribution, sale, ownership or use of Visteon's or its suppliers' products or assets; and those factors identified in our filings with the SEC (including our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as updated by our subsequent filings with the Securities and Exchange Commission). Caution should be taken not to place undue reliance on our forward-looking statements, which represent our view only as of the date of this release, and which we assume no obligation to update. The financial results presented herein are preliminary and unaudited; final financial results will be included in the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2026. New business wins and re-wins do not represent firm orders or firm commitments from customers, but are based on various assumptions, including the timing and duration of product launches, vehicle production levels, customer price reductions and currency exchange rates.

Visteon Contacts:

Media: 
[email protected]

Investors:
[email protected]

VISTEON CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(In millions except per share amounts) 
(Unaudited)

Three Months Ended

Six Months Ended

June 30,

June 30,

2026

2025

2026

2025

Net sales

$        960

$        969

$     1,914

$     1,903

Cost of sales

(842)

(828)

(1,683)

(1,624)

Gross margin

118

141

231

279

Selling, general and administrative expenses

(46)

(48)

(100)

(95)

Restructuring, net

1

(1)

(17)

(1)

Interest income, net

3

2

5

3

Equity in net income (loss) of non-consolidated affiliates

2

2

4

4

Other income (expense), net

(2)

1

2

2

Income (loss) before income taxes

76

97

125

192

Provision for income taxes

(26)

(22)

(42)

(48)

Net income (loss)

50

75

83

144

Less: Net (income) loss attributable to non-controlling interests

(1)

(4)

(3)

(6)

Net income (loss) attributable to Visteon Corporation

$         49

$         71

$         80

$        138

Comprehensive income (loss)

$         57

$        112

$         79

$        201

Less: Comprehensive (income) loss attributable to non-controlling
interests

1

(9)

(2)

(12)

Comprehensive income (loss) attributable to Visteon Corporation

$         58

$        103

$         77

$        189

Basic earnings (loss) per share attributable to Visteon Corporation

$       1.84

$       2.60

$       2.99

$       5.07

Diluted earnings (loss) per share attributable to Visteon Corporation

$       1.80

$       2.57

$       2.93

$       5.02

Average shares outstanding (in millions)

Basic

26.7

27.3

26.8

27.2

Diluted

27.2

27.6

27.3

27.5

VISTEON CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In millions)

(Unaudited)

June 30,

December 31,

2026

2025

ASSETS

Cash and equivalents

$             648

$             771

Restricted cash

2

2

Accounts receivable, net

666

613

Inventories, net

328

269

Other current assets

158

130

Total current assets

1,802

1,785

Property and equipment, net

524

524

Intangible assets, net

233

222

Right-of-use assets

131

126

Investments in non-consolidated affiliates

25

29

Deferred tax assets

512

511

Other non-current assets

229

189

Total assets

$           3,456

$           3,386

LIABILITIES AND EQUITY

Short-term debt

$               15

$               18

Accounts payable

620

540

Accrued employee liabilities

85

122

Current lease liability

24

21

Other current liabilities

271

291

Total current liabilities

1,015

992

Long-term debt, net

284

283

Employee benefits

80

88

Non-current lease liability

111

109

Deferred tax liabilities

47

51

Other non-current liabilities

230

212

Stockholders' equity:

Common stock

1

1

Additional paid-in capital

1,398

1,398

Retained earnings

2,897

2,838

Accumulated other comprehensive loss

(243)

(240)

Treasury stock

(2,442)

(2,429)

Total Visteon Corporation stockholders' equity

1,611

1,568

Non-controlling interests

78

83

Total equity

1,689

1,651

Total liabilities and equity

$           3,456

$           3,386

VISTEON CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS 
 (In millions) 
(Unaudited)

Three Months Ended

Six Months Ended

June 30,

June 30,

2026

2025

2026

2025

OPERATING

Net income (loss)

$         50

$       75

$          83

$        144

Adjustments to reconcile net income (loss) to net cash provided from
(used by) operating activities:

Depreciation and amortization

29

27

58

52

Non-cash stock-based compensation

12

12

24

23

Equity in net loss (income) of non-consolidated affiliates, net of
 dividends remitted

(2)

(2)

(4)

(4)

Tax valuation allowance expense (benefit)

—

(6)

—

(8)

Other non-cash items

1

(3)

1

(4)

Changes in assets and liabilities:

Accounts receivable

13

21

(58)

(3)

Inventories

(12)

24

(63)

4

Accounts payable

(3)

(11)

86

40

Other assets and other liabilities

(51)

(42)

(84)

(79)

Net cash provided from operating activities

37

95

43

165

INVESTING

Capital expenditures, including intangibles

(25)

(31)

(61)

(66)

Acquisition of business, net of cash acquired

(20)

(50)

(20)

(50)

Net investment hedge transactions

—

1

(12)

2

Other

—

(2)

—

(1)

Net cash used by investing activities

(45)

(82)

(93)

(115)

FINANCING

Borrowing on debt

2

—

2

—

Principal repayment of term debt facility

—

(5)

(4)

(9)

Dividend to shareholders

(10)

—

(20)

—

Dividends to non-controlling interests

(9)

(14)

(9)

(18)

Repurchase of common stock

(6)

—

(36)

(7)

Stock-based compensation tax withholding payments

(2)

(1)

(9)

(7)

Proceeds from the exercise of stock options

4

—

8

3

Contingent consideration payments

(7)

—

(7)

—

Other

(2)

—

(2)

—

Net cash used by financing activities

(30)

(20)

(77)

(38)

Effect of exchange rate changes on cash

6

20

4

33

Net increase (decrease) in cash, equivalents, and restricted cash

(32)

13

(123)

45

Cash, equivalents, and restricted cash at beginning of the period

682

658

773

626

Cash, equivalents, and restricted cash at end of the period

$       650

$      671

$        650

$        671

VISTEON CORPORATION AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(In millions except per share amounts) 
(Unaudited)

Adjusted EBITDA: Adjusted EBITDA is presented as a supplemental measure of the Company's performance that management believes is useful to investors because the excluded items may vary significantly in timing or amounts and/or may obscure trends useful in evaluating and comparing the Company's operating activities across reporting periods. The Company defines adjusted EBITDA as net income attributable to the Company adjusted to eliminate the impact of depreciation and amortization, net restructuring, provision for (benefit from) income taxes, non-cash, stock-based compensation expense, net interest (income) expense, net income (loss) attributable to non-controlling interests, equity in net (income) loss of non-consolidated affiliates, and other gains and losses not reflective of the Company's ongoing operations. Because not all companies use identical calculations, this presentation of adjusted EBITDA may not be comparable to similarly titled measures of other companies.

Three Months Ended

Six Months Ended

Estimated

June 30,

June 30,

Full Year

Visteon:

2026

2025

2026

2025

2026

Net income (loss) attributable to Visteon Corporation*

$        49

$        71

$        80

$       138

$       190

  Depreciation and amortization

29

27

58

52

120

  Restructuring, net

(1)

1

17

1

25

  Provision for (benefit from) income taxes*

26

22

42

48

90

  Non-cash, stock-based compensation expense

12

12

24

23

50

  Interest (income) expense, net

(3)

(2)

(5)

(3)

(5)

  Net income (loss) attributable to non-controlling interests

1

4

3

6

10

  Equity in net loss (income) of non-consolidated affiliates

(2)

(2)

(4)

(4)

(10)

  Other, net

5

1

5

2

5

Adjusted EBITDA

$       116

$       134

$       220

$       263

$      4752

*Amounts shown reflect the change in accounting principle related to the method for assessing the realizability of U.S. deferred tax assets
described in the Company's 2025 Form 10-K.

Adjusted EBITDA is not a recognized term under U.S. GAAP and does not purport to be a substitute for net income as an indicator of operating performance or cash flows from operating activities as a measure of liquidity. Adjusted EBITDA has limitations as an analytical tool and is not intended to be a measure of cash flow available for management's discretionary use, as it does not consider certain cash requirements such as interest payments, tax payments and debt service requirements. In addition, the Company uses adjusted EBITDA (i) as a factor in incentive compensation decisions, (ii) to evaluate the effectiveness of the Company's business strategies, and (iii) because the Company's credit agreements use similar measures for compliance with certain covenants.

VISTEON CORPORATION AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(In millions except per share amounts) 
(Unaudited)

Free Cash Flow and Adjusted Free Cash Flow: Free cash flow and adjusted free cash flow are presented as supplemental measures of the Company's liquidity that management believes are useful to investors in analyzing the Company's ability to service and repay its debt. The Company defines free cash flow as cash flow provided from operating activities less capital expenditures, including intangibles. The Company defines adjusted free cash flow as cash flow provided from operating activities less capital expenditures, including intangibles as further adjusted for restructuring related payments. Because not all companies use identical calculations, this presentation of free cash flow and adjusted free cash flow may not be comparable to other similarly titled measures of other companies.

Three Months Ended

Six Months Ended

Estimated

June 30,

June 30,

Full Year

Visteon:

2026

2025

2026

2025

2026

Cash provided from operating activities

$         37

$         95

$         43

$        165

$        300

Capital expenditures, including intangibles

(25)

(31)

(61)

(66)

(150)

Free cash flow

$         12

$         64

$        (18)

$         99

$        150

Restructuring related payments

8

3

15

6

20

Adjusted free cash flow

$         20

$         67

$         (3)

$        105

$        170

Free cash flow and adjusted free cash flow are not recognized terms under U.S. GAAP and do not purport to be a substitute for cash flows from operating activities as a measure of liquidity. Free cash flow and adjusted free cash flow have limitations as analytical tools as they do not reflect cash used to service debt and do not reflect funds available for investment or other discretionary uses. In addition, the Company uses free cash flow and adjusted free cash flow (i) as factors in incentive compensation decisions and (ii) for planning and forecasting future periods.

VISTEON CORPORATION AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(In millions except per share amounts) 
(Unaudited)

Adjusted Net Income and Adjusted Earnings Per Share: Adjusted net income and adjusted earnings per share are presented as supplemental measures that management believes are useful to investors in analyzing the Company's profitability, providing comparability between periods by excluding certain items that may not be indicative of recurring business operating results. The Company believes management and investors benefit from referring to these supplemental measures in assessing company performance and when planning, forecasting and analyzing future periods. The Company defines adjusted net income as net income attributable to Visteon adjusted to eliminate the impact of net restructuring, other gains and losses not reflective of the Company's ongoing operations and related tax effects. The Company defines adjusted earnings per share as adjusted net income divided by diluted shares. Because not all companies use identical calculations, this presentation of adjusted net income and adjusted earnings per share may not be comparable to other similarly titled measures of other companies.

Three Months Ended

Six Months Ended

June 30,

June 30,

2026

2025

2026

2025

Net income (loss) attributable to Visteon*

$         49

$         71

$         80

$        138

Diluted earnings (loss) per share:

Net income (loss) attributable to Visteon*

$         49

$         71

$         80

$        138

Average shares outstanding, diluted

27.2

27.6

27.3

27.5

Diluted earnings (loss) per share

$       1.80

$       2.57

$       2.93

$       5.02

Adjusted net income (loss) and adjusted earnings (loss) per share:

Net income (loss) attributable to Visteon*

$         49

$         71

$         80

$        138

Restructuring, net

(1)

1

17

1

Other

5

1

5

2

Tax impacts of adjustments

(1)

(1)

(5)

(1)

Adjusted net income (loss)

$         52

$         72

$         97

$        140

Average shares outstanding, diluted

27.2

27.6

27.3

27.5

Adjusted earnings (loss) per share

$       1.91

$       2.61

$       3.55

$       5.09

*Amounts shown reflect the change in accounting principle related to the method for assessing the realizability of U.S. deferred tax assets
described in the Company's 2025 Form 10-K.

Adjusted net income and adjusted earnings per share are not recognized terms under U.S. GAAP and do not purport to be a substitute for profitability. Adjusted net income and adjusted earnings per share have limitations as analytical tools as they do not consider certain restructuring and transaction-related payments and/or expenses. In addition, the Company uses adjusted net income and adjusted earnings per share for internal planning and forecasting purposes.

_______________

1

Visteon y/y sales growth (ex. FX and net pricing) compared to production for Visteon customers weighted on Visteon sales contribution.

2

Based on mid-point of the range of the Company's financial guidance

SOURCE Visteon Corporation

Visteon (VC - Free Report) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 23. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis auto parts supplier is expected to post quarterly earnings of $2.23 per share in its upcoming report, which represents a year-over-year change of -6.7%.

Revenues are expected to be $956.91 million, down 1.3% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 3.15% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Visteon?For Visteon, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.47%.

On the other hand, the stock currently carries a Zacks Rank of #2.

So, this combination indicates that Visteon will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Visteon would post earnings of $1.96 per share when it actually produced earnings of $1.65, delivering a surprise of -15.82%.

Over the last four quarters, the company has beaten consensus EPS estimates three times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Visteon appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

, /PRNewswire/ -- Visteon Corporation (NASDAQ: VC), a global leader in automotive cockpit electronics, will release its second quarter 2026 financial results before the market opens on Thursday, July 23. The company will host a conference call for the investment community at 9 a.m. ET to discuss the results and related matters. The conference call is also available to the public via live audio webcast.

The dial-in numbers to participate in the call are:

U.S./Canada Participants Toll-Free Dial-In Number: 1-833-461-5787 International Participants Toll Dial-In Number: 1-585-542-9983 Conference ID: 113899249 (Dial-in approximately 10 minutes before the start of the conference.)

The conference call and live audio webcast, related presentation materials, news release and other supplemental information will be accessible in the Investors section of Visteon's website. Shortly after the call, a replay of the webcast will be available on the company's website.

About Visteon
Visteon (NASDAQ: VC) is advancing mobility through innovative technology solutions that enable a software-defined future. The Company's state-of-the-art product portfolio merges digital cockpit innovations, advanced displays, AI-enhanced software solutions, and integrated EV architecture solutions. With expertise spanning passenger vehicles, commercial transportation, and two-wheelers, Visteon partners with global OEMs to create safer, cleaner, and more connected journeys. Headquartered in Van Buren Township, Michigan, Visteon operates in 17 countries, employing a global network of innovation centers and manufacturing facilities. For more information, visit visteon.com.

Visteon Contacts

Media: [email protected] 
Investors: [email protected]

SOURCE Visteon Corporation

Investors interested in Automotive - Original Equipment stocks are likely familiar with Visteon (VC - Free Report) and Atmus Filtration Technologies (ATMU - Free Report) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.

The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits.

Visteon and Atmus Filtration Technologies are sporting Zacks Ranks of #2 (Buy) and #3 (Hold), respectively, right now. The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that VC has an improving earnings outlook. However, value investors will care about much more than just this.

Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.

Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use.

VC currently has a forward P/E ratio of 12.01, while ATMU has a forward P/E of 18.24. We also note that VC has a PEG ratio of 1.29. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. ATMU currently has a PEG ratio of 2.31.

Another notable valuation metric for VC is its P/B ratio of 1.68. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, ATMU has a P/B of 10.9.

Based on these metrics and many more, VC holds a Value grade of A, while ATMU has a Value grade of C.

VC has seen stronger estimate revision activity and sports more attractive valuation metrics than ATMU, so it seems like value investors will conclude that VC is the superior option right now.

Visteon Corporation (VC) Analyst/Investor Day June 25, 2026 9:00 AM EDT

Company Participants

Ryan Ghazaeri
Sachin Lawande - President, CEO & Director
Bob Vallance
Francis Kim
Joao Ribeiro - Senior VP of Operations, Supply Chain & Procurement
Jerome Rouquet - Senior VP & CFO

Conference Call Participants

Yan Dong - Deutsche Bank AG, Research Division

Conversation

Ryan Ghazaeri

Great. All right. We're going to go ahead and get started. Good morning, everyone. Welcome to Visteon's 2026 Investor Day. I'm Ryan Ghazaeri, Vice President of Investor Relations and Corporate Strategy. On behalf of Visteon executive team, the speakers and everyone else here from this down in the room, I want to like to thank you guys for all coming here today. I really appreciate you guys being here in person as well as on the webcast.

As a heads up materials for today's presentation will be posted online or actually have been posted online to visteon.com/investors. For the fun stuff now. Before we begin today, I'd like to remind everybody that this presentation contains forward-looking information. Forward-looking statements are not guarantees of future results and conditions, but rather are subject to various risks factors and uncertainties that could cause our results to differ materially from those expressed in these statements. Please refer to the page entitled forward-looking statements here as well as the presentation posted online and in our SEC filings.

So as -- to kick off our presentation today, we have Sachin Lawande, our President and Chief Executive Officer, to go through the company overview, the secular trends in our industry and the -- how Visteon is positioned to win in this market going forward. You'll also hear from several of our business leaders to provide a deeper overview of our product technology, customer strategies and the innovation we're bringing to our manufacturing operations.

Doha, Qatar--(Newsfile Corp. - June 23, 2026) - Invest Qatar, the country's investment promotion agency, today announced the launch of the Venture Capital (VC) Funding Module on the Invest Qatar Gateway, developed in collaboration with Qatar Investment Authority (QIA). The new offering enhances startups access to capital and investment opportunities, marking a significant milestone in Qatar's efforts to strengthen its entrepreneurship ecosystem.

The new module, accessible to all Invest Qatar Gateway members, consolidates the VC discovery and application process into a single, streamlined platform.

Through this module, startups can explore the investment focus areas and eligibility criteria of participating VC funds, many of which are backed by QIA through its $3 billion Fund of Funds programme. Startups can also access value-added services and support programmes and submit their pitches directly to fund managers.

By centralising these resources, the platform enhances efficiency, transparency and accessibility throughout the fundraising journey. It also reflects Invest Qatar's continued commitment to fostering innovation and supporting emerging businesses by directly connecting founders with a curated network of VC funds.

In its initial phase, the module features a growing network of participating funds and ecosystem partners, including Tech Venture Fund by Qatar Science & Technology Park (QSTP), and QIA-backed funds A-Typical Ventures, B Capital, Builders VC MENA, Deerfield, The Utopia Studio, Founders Circle Capital, Greycroft, Human Capital, Ion Pacific, Liberty City Ventures, Rasmal Ventures, Shorooq, Speedinvest and The Radical Fund.

Commenting on the new launch, Dr. Hamad Rashid Al-Naimi, Chief Strategy Officer at Invest Qatar, said: "The VC Funding Module is the latest addition to the Invest Qatar Gateway, a platform we have built deliberately to streamline and simplify every stage of a founder's journey. By bringing QIA-backed funds together on a single, transparent platform, we offer startups something rare in emerging ecosystems: a clear, direct path from idea to institutional capital, with access to the networks, expertise and resources needed to scale and succeed globally."

"As Qatar's venture capital ecosystem continues to evolve, this module will provide entrepreneurs with a centralised platform that enables them to have greater visibility of the opportunities available, and clearer pathways to connect with the relevant fund managers," said Haya Al Ghanim, Director of Qatar Funds at QIA. "This module supports our shared mission of establishing Qatar as a leading destination for innovation and entrepreneurship."

Startups seeking access to venture capital are encouraged to visit the Invest Qatar Gateway and explore the newly launched VC Funding Module. Through the platform, entrepreneurs can review participating QIA-backed funds, assess investment criteria and formally submit their pitch to fund managers. To register, learn more or get in touch with the Invest Qatar team, please visit: https://gateway.invest.qa/.

Invest Qatar Gateway launches new VC Funding feature

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12047/302335_27ce4adf2445dab4_003full.jpg

Dr. Hamad Rashid Al-Naimi, Chief Strategy Officer at Invest Qatar

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12047/302335_27ce4adf2445dab4_001full.jpg

Haya Al Ghanim, Director of Qatar Funds at QIA

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12047/302335_27ce4adf2445dab4_002full.jpg

ENDS

About Invest Qatar

The Investment Promotion Agency Qatar's (Invest Qatar) mission is to accelerate Qatar's economic diversification and global competitiveness by proactively attracting targeted investment, developing priority economic clusters and delivering an exceptional end-to-end investor experience.

Invest Qatar partners with investors throughout their journey, from exploration and setup to expansion, supporting their long-term growth by providing comprehensive insights into Qatar's business landscape, sector-specific market knowledge and tailored investment facilitation.

For more information, please visit www.invest.qa.

@InvestQatar | #InvestQatar

About Qatar Investment Authority

Qatar Investment Authority (QIA) is the sovereign wealth fund of the State of Qatar. QIA was founded in 2005 to invest and manage the state reserve funds. QIA is among the largest and most active sovereign wealth funds globally. QIA invests across a wide range of asset classes and regions as well as in partnership with leading institutions around the world to build a global and diversified investment portfolio with a long-term perspective that can deliver sustainable returns and contribute to the prosperity of the State of Qatar.

For more information, please visit https://www.qia.qa/.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302335

Source: Invest Qatar

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

Contact Us

Technology leader with deep semiconductor, artificial intelligence, and automotive experience joins board

, /PRNewswire/ -- Visteon Corporation (NASDAQ: VC), a global leader in automotive cockpit electronics, today announced the appointment of Gary Hicok to its board of directors, effective July 1. Mr. Hicok will serve on the Technology Committee of the board.

"We are delighted to welcome Gary Hicok to Visteon's board of directors," said Francis Scricco, chair of Visteon's board. "Gary brings a unique combination of automotive, semiconductor and systems leadership experience gained over decades at the forefront of technology innovation. His leadership in building NVIDIA's automotive business and advancing complex computing platforms will provide valuable perspective as Visteon continues to accelerate innovation for software-defined vehicles and next-generation cockpit solutions."

"Visteon's leadership in digital cockpit technologies, software-defined architectures and AI-enhanced solutions provides a strong foundation for growth," said Hicok. "Beyond automotive applications, the company's AI and software capabilities have the potential to address opportunities across a range of intelligent, connected systems markets. I am excited to join the board and contribute to Visteon's continued innovation, growth and value creation."

Hicok is a seasoned semiconductor and systems executive with nearly 25 years of leadership experience at NVIDIA, where he served as Senior Vice President across multiple business units. Most notably, he led NVIDIA's Automotive business while helping advance technologies that power intelligent and increasingly autonomous vehicles. He also led the company's Mobile (Tegra) and PC core logic businesses and directed Xbox chip development programs. In addition, Hicok played a key role in developing foundational infrastructure for AI-driven platforms, robotics systems and real-time computing solutions.

Prior to NVIDIA, Hicok held engineering and business leadership positions at Trident Microsystems, Cirrus Logic and VLSI Technology, where he worked on PC audio, 3D graphics and system-on-chip architectures. Earlier in his career, he developed custom processor systems for military flight simulators and led flight simulation integration programs supporting advanced helicopter platforms. He holds a Bachelor of Science degree in Electrical Engineering from Arizona State University, completed graduate coursework toward a Master of Science in Electrical Engineering and is named on 40 U.S. patents.

About Visteon

Visteon (NASDAQ: VC) is advancing mobility through innovative technology solutions that enable a software-defined future. The Company's state-of-the-art product portfolio merges digital cockpit innovations, advanced displays, AI-enhanced software solutions, and integrated EV architecture solutions. With expertise spanning passenger vehicles, commercial transportation, and two-wheelers, Visteon partners with global OEMs to create safer, cleaner, and more connected journeys. Headquartered in Van Buren Township, Michigan, Visteon operates in 17 countries, employing a global network of innovation centers and manufacturing facilities. In 2025, the Company recorded annual sales of approximately $3.77 billion and secured $7.4 billion in new business. For more information, visit visteon.com.

Visteon Contacts:

Media: 
[email protected]

Investors:
[email protected]

SOURCE Visteon Corporation

Visteon Corporation (NASDAQ: VC - Get Free Report) saw a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 2,892,988 shares, a growth of 18.0% from the February 12th total of 2,451,435 shares. Based on an average trading volume of 791,370 shares, the days-to-cover ratio is

Visteon (VC +1.39%) CEO and President Sachin Lawande exercised 49,453 employee stock options and immediately sold the resulting shares on March 4, 2026, for a total of roughly $4.62 million, according to an SEC Form 4 filing.

Assenagon Asset Management S.A. boosted its holdings in shares of Visteon Corporation (NASDAQ: VC) by 33.4% during the undefined quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,061 shares of the company's stock after buying an additional 8,283 shares during the period. Assenagon

VAN BUREN TOWNSHIP, Mich., April 9, 2026 /PRNewswire/ -- Visteon Corporation (NASDAQ: VC), a global leader in automotive cockpit electronics, will release its first quarter 2026 financial results before the market opens on Thursday, April 23.

Carbon Streaming (OTCMKTS:OFSTF - Get Free Report) and Visteon (NASDAQ: VC - Get Free Report) are both auto/tires/trucks companies, but which is the superior stock? We will contrast the two businesses based on the strength of their earnings, profitability, analyst recommendations, valuation, dividends, risk and institutional ownership. Valuation and Earnings This table compares Carbon Streaming and

Visteon (VC) came out with quarterly earnings of $1.65 per share, missing the Zacks Consensus Estimate of $1.96 per share. This compares to earnings of $2.4 per share a year ago.

VAN BUREN TOWNSHIP, Mich., April 27, 2026 /PRNewswire/ -- Visteon Corporation (NASDAQ: VC), a global leader in automotive cockpit electronics, will host an Investor Day in New York City on June 25, 2026, starting at 9:00 a.m.

VAN BUREN TOWNSHIP, Mich., May 18, 2026 /PRNewswire/ -- Visteon Corporation (NASDAQ: VC), a global leader in automotive cockpit electronics, today announced that its Board of Directors has declared its regular quarterly dividend to common shareholders.

[url="]SS&C Technologies Holdings, Inc.[/url] (Nasdaq: SSNC) today announced the publication of the [url="]SS&C Intralinks 2026 Global Private Capital[/url] (T