The raised guidance and stoba acquisition integration will be key catalysts. Watch Q4 for margin accretion from stoba and whether the aftermarket momentum (+4.2% sales) can offset Power Systems softness (-1.8%). The 104% adjusted FCF payout ratio in Q3 signals aggressive capital return may moderate if cash flow remains pressured.
Price Chart
Executive Summary
PHINIA reported Q3 2026 net sales of $912M (flat YoY excluding FX) and adjusted EPS of $1.83, beating the $1.68 consensus. Full-year guidance was raised: net sales now $3.625B-$3.675B (from $3.565B-$3.665B) and adjusted EBITDA $500M-$520M (from $485M-$515M), including the stoba Group acquisition that closed Oct 1. The raised guidance and adjusted EPS beat are the main stock-moving facts.
Key Financial Metrics
Key Facts
- Q3 2026 net sales $912M, up 0.4% YoY; flat excluding FX
- Adjusted EPS $1.83 vs consensus $1.68 (beat of +8.9%)
- GAAP EPS $1.80 vs $0.33 in Q3 2025 (boosted by lower separation costs)
- Adjusted EBITDA $135M, up $2M YoY; margin 14.8% (+20 bps)
- Full-year 2026 guidance raised: net sales $3.625B-$3.675B, adjusted EBITDA $500M-$520M
- stoba Group acquisition closed Oct 1, 2026; included in updated guidance
- Repurchased $65M of stock in Q3; paid $11M in dividends
- Operating cash flow $87M, down $32M YoY due to tax payments and working capital
- Adjusted free cash flow $73M, down $31M YoY
Financial Impact
Adjusted EPS beat of $0.15 (+8.9%) on consensus $1.68; full-year adjusted EBITDA guidance raised by $15M at midpoint to $510M
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Power Systems | $561.0M | -1.8% |
| Aftermarket Solutions | $351.0M | +4.2% |
Risk Factors
- Tariff-related volatility continues to distort reported net sales and margins
- Operating cash flow declined 27% YoY; free cash flow down 30%
- Net debt increased to $657M from $611M at year-end 2025
- Power Systems segment sales declined 1.8% YoY
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001968915-26-000152 |
| Document: phin-20261029.htm | 0001968915-26-000152 |
| Document: 0001968915-26-000152-index-headers.html | 0001968915-26-000152 |
| Document: 0001968915-26-000152-index.html | 0001968915-26-000152 |
| Document: 0001968915-26-000152.txt | 0001968915-26-000152 |
| 8-K Data (Synthetic) | 0001968915-26-000152 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 3d ago | 8-K | $61.06 | awaiting T+20 | awaiting T+20 | $62.92 (+3.05%) |
Sep 17, 2026 6w ago | Insider Cluster | $61.42 $57.90 | ▼ −5.73% | ▼ −5.94% | $62.92 (+2.44%) |
Sep 17, 2026 6w ago | Insider Cluster | $61.42 $57.90 | ▲ +5.73% | ▲ +5.94% | $62.92 (−2.44%) |
Sep 17, 2026 6w ago | Insider Cluster | $61.42 $57.90 | ▲ +5.73% | ▲ +5.94% | $62.92 (−2.44%) |
Sep 14, 2026 6w ago | Insider Cluster | $61.50 $56.54 | ▼ −8.06% | ▼ −10.79% | $62.92 (+2.31%) |
Sep 11, 2026 7w ago | Insider Cluster | $62.81 $56.43 | ▼ −10.16% | ▼ −12.42% | $62.92 (+0.18%) |
Sep 11, 2026 7w ago | 144 | $66.24 $57.83 | ▼ −12.70% | ▼ −14.56% | $62.92 (−5.01%) |
Jul 30, 2026 13w ago | 8-K | $73.06 $68.07 | ▲ +6.83% | ▲ +10.80% | $62.92 (+13.88%) |
Apr 9, 2026 29w ago | DEFA14A | $74.03 $78.36 | ▲ +5.85% | ▼ −1.72% | $62.92 (−15.01%) |
Mar 4, 2026 34w ago | Insider Cluster | $71.93 $69.62 | ▼ −3.21% | ▲ +1.21% | $62.92 (−12.52%) |
US Market Status
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