Visteon Corporation · NASDAQ:VC
Visteon — Q2 2026 Earnings Presentation
26 slides from Visteon's earnings presentation, Jul 23, 2026
Slide 1: Visteon Q2 2026 Earnings
Visteon Q2 2026 Earnings July 23, 2026
Slide 2: Q2 2026 in Review
Q2 2026 in Review Strong execution drives growth and reinforces long-term confidence Sales Adj. EBITDA Adj. FCF $960 Million $116 Million $20 Million +4% Growth-over-Market 12.1% Margin $351 Million Net Cash NEW LAUNCHES NEW BUSINESS DELIVERING ON EXECUTING CAPITAL DRIVING GROWTH WINS OF $2B STRATEG
Slide 3: Q2 2026 Sales Highlights
Q2 2026 Sales Highlights Resilient regional execution in a challenging production environment Q2 2026 Visteon Sales by Region Regional Drivers (Dollars in millions) • Performance broadly in-line with market despite Q2 2025 reduced GM BMS and Ford vehicle discontinuations Q2 2026 Americas • Nissan mu
Slide 4: Q2 2026 New Product Launches
Q2 2026 New Product Launches 24 launches with 11 OEMs reinforce momentum in strategic growth areas Key Q2 2026 Model Launches In the Spotlight ICE & Hybrid ICE Vehicle ICE & Hybrid Flagship Mercedes launch reinforces premium display leadership and execution excellence Renault Boreal Hyundai Exter Me
Slide 5: Q2 2026 New Business Wins
Q2 2026 New Business Wins Diversified wins aligned with strategic growth priorities H1 2026 New Business Wins New Business Win Highlights SmartCore HPC Clusters Expansion of HPC on premium vehicle brand of large Chinese OEM for AI-enabled cockpit 29% Electrification CV Integrated Cockpit System & Ot
Slide 6: Second-Half Sales Outlook
Second-Half Sales Outlook Robust launch activity driving growth versus prior year despite declining customer vehicle production Americas Europe Rest-of-Asia China Declining Strong Growth Strong Growth Growth H2 Y/Y H2 Y/Y H2 Y/Y H2 Y/Y • Legacy cluster roll-off and • Strong launch cadence supports •
Slide 7: Q2 2026 Summary
Q2 2026 Summary Continued Market Outperformance Delivered 4% growth-over-market driven by ramp-up of product launches Commercial and Operational Discipline Secured memory recoveries to offset cost inflation and established strategic memory supply agreement Building the Foundation for Future Growth R
Slide 8: Visteon Q2 Financial Results
Visteon Q2 Financial Results July 23, 2026
Slide 9: Q2 2026 Financial Review
Q2 2026 Financial Review Solid quarter with continued commercial and operational discipline Sales Margin Cash Flow Capital Balance Drivers Performance Generation Allocation Sheet Sales Adj. EBITDA Adj. FCF Capital Deployed Net Cash $960 Million 12.1% Margin $20 Million $36 Million $351 Million Stron
Slide 10: Q2 2026 Sales & EBITDA Performance
Q2 2026 Sales & EBITDA Performance Disciplined execution supports resilient financial performance (Dollars in millions) Key Performance Drivers Sales Adj. EBITDA ($9) ($18) Customer Production Customer-weighted production declined 5%, driven by all regions but India $969 $960 $134 Growth-Over-Market
Slide 11: H1 2026 Cash Flow
H1 2026 Cash Flow Cash impacted in H1 by inventory increases and various non-recurring cash flow items H1 H1 Key H1 Drivers (Dollars in millions) 2025 2026 Adj. EBITDA $263 $220 Lower EBITDA Impacted by timing of recoveries, FX, and Trade Working Capital 41 (35) 2025 non-recurring items of ($25M) Ca
Slide 12: Full Year 2026 Outlook
Full Year 2026 Outlook Trending toward high end of 2026 sales and midpoint of Adj. EBITDA guidance Sales Adj. EBITDA Adj. FCF Trending toward Trending toward Trending toward $3.8B $475M $170M Guidance Guidance Guidance $3.625B - $3.825B $455M - $495M $170M - $210M • Launch cadence expected to offset
Slide 13: Continued Capital Return to Shareholders
Continued Capital Return to Shareholders $200M accelerated share repurchase agreement Current Repurchase Today Announcing Authorization 2026 ASR $800M Authorization Announced at 2026 Investor Day $200M ASR to be Completed $38M by Early Q4 Remaining from 2023 Authorization 13
Slide 14: Investment Thesis
Investment Thesis Visteon continues to be a compelling long-term investment opportunity Digital Cockpit Innovative Product Competitive Cost Balanced Capital Electronics Leader Portfolio Structure Allocation Leader in digital cockpit Industry leader in AI-enabled Optimizing spend through Stro
Slide 15: Earnings Q&A
Earnings Q&A July 23, 2026
Slide 16: Appendix
Appendix July 23, 2026
Slide 17: Forward-Looking Statements
Forward-Looking Statements This presentation 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," "forecast
Slide 18: Use of Non-GAAP Financial Information
Use of Non-GAAP Financial Information • Because not all companies use identical calculations, Adjusted Gross Margin, Adjusted SG&A, Adjusted EBITDA, Adjusted Net Income, Adjusted EPS, Free Cash Flow and Adjusted Free Cash Flow used throughout this presentation may not be comparable to other similarl
Slide 19: Reconciliation of Non-GAAP Financial Information
Reconciliation of Non-GAAP Financial Information Adjusted Gross Margin The Company defines Adjusted Gross Margin as gross margin, adjusted to eliminate the impacts of stock-based compensation expense, intangibles amortization and other non-operating costs. 2025 2026 (Dollars in millions) Q1 Q2 Q3 Q4
Slide 20: Reconciliation of Non-GAAP Financial Information (cont'd)
Reconciliation of Non-GAAP Financial Information (cont’d) Adjusted Net Income and Adjusted EPS • The Company defines Adjusted Net Income as net income / (loss) attributable to Visteon adjusted to eliminate the impact of restructuring and impairment expense, and related tax effects and other gains an
Slide 21: Reconciliation of Non-GAAP Financial Information (cont'd)
Reconciliation of Non-GAAP Financial Information (cont’d) Adjusted EBITDA The Company defines Adjusted EBITDA as net income / (loss) attributable to the Company adjusted to eliminate the impact of depreciation and amortization, restructuring and impairment expense, net interest expense, equity in ne
Slide 22: Reconciliation of Non-GAAP Financial Information (cont'd)
Reconciliation of Non-GAAP Financial Information (cont’d) Free Cash Flow and Adjusted Free Cash Flow • The Company defines Free Cash Flow as cash flow from (for) operating activities less capital expenditures. • The Company defines Adjusted Free Cash Flow as cash flow from (for) operating activities
Slide 23: Reconciliation of Non-GAAP Financial Information (cont'd)
Reconciliation of Non-GAAP Financial Information (cont’d) Adjusted EBITDA Build-up (Dollars in millions) 2025 2026 Q1 Q2 Q3 Q4 Full Year Q1 Q2 YTD Sales $934 $969 $917 $948 $3,768 $954 $960 $1,914 Gross margin $138 $141 $131 $122 $532 $113 $118 $231 Intangibles amortization — 1 1 2 4 1 1 2 Stock-bas
Slide 24: Net Engineering
Net Engineering 2025 2026 (Dollars in millions) Q1 Q2 Q3 Q4 Full Year Q1 Q2 YTD Engineering costs, gross (80) (88) (90) (106) (364) (94) (97) (191) Recoveries 28 36 32 48 144 37 35 72 Engineering costs, net ($52) ($52) ($58) ($58) ($220) ($57) ($62) ($119) 24
Slide 25: Financial Results – U.S. GAAP
Financial Results – U.S. GAAP 2025 2026 (Dollars in millions, except per share data) Q1 Q2 Q3 Q4 Full Year Q1 Q2 YTD Income Statement Sales $934 $969 $917 $948 $3,768 $954 $960 $1,914 Gross margin $138 $141 $131 $122 $532 $113 $118 $231 SG&A $47 $48 $53 $54 $202 $54 $46 $100 Net income / (loss) attr
Slide 26: Visteon
Visteon