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Magna International supplies automakers with parts and systems that go into their vehicles. Body, chassis and exterior products, together with powertrain and electronics-related systems, generate most of its sales; seating is another business. Automakers also pay Magna for tooling and engineering work and, when they outsource vehicle production, for engineering and assembling complete vehicles.
Most sales come from General Motors, Mercedes-Benz, Ford, BMW, Volkswagen and Stellantis. Revenue depends largely on these customers’ light-vehicle production in North America, Europe and China, but also on which models they build: Magna supplies different amounts and values of parts for different vehicles, rather than supplying every vehicle equally.
Supply orders generally span a vehicle model’s production life, but do not guarantee minimum purchases and customers can cancel them. Magna’s actual sales therefore follow customers’ production schedules, while its complete-vehicle assembly business also depends on automakers continuing to outsource that work.
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Magna International’s results hinge on major automakers’ production and model mix, so watch Mercedes-Benz, BMW and Volkswagen: absent from this list, they together accounted for 38% of its 2025 sales.
Lear competes with Magna International for automakers’ orders for complete seats and seat components. Its Seating results offer a closer comparison for Magna’s seating business than its electrical and electronics sales do.
BorgWarner competes with Magna International’s powertrain business to sell automakers systems that drive vehicles, including electrification systems. Watch its drivetrain and electric-drive sales rather than total revenue when comparing demand in Magna’s overlapping businesses.
General Motors’ vehicle production and model mix feed into Magna International’s component and service sales; GM accounted for 15% of Magna’s 2025 sales. Watch production news for GM’s full-size trucks and SUVs, which it identifies as key drivers of its business.
Ford’s vehicle programs and commercial settlements directly affect Magna International, which sold Ford $4.960 billion of products and services in 2025. The end of Edge and Escape programs hurt Magna’s sales, while a fourth-quarter 2025 resolution with Ford weighed on both sales and adjusted operating profit.
Adient competes with Magna International for vehicle manufacturers’ orders for complete seats and seating components. Its ability to design and manufacture both complete seats and parts such as frames and trim covers puts it up against Magna across seating programs.
Stellantis’ vehicle production drives purchases of Magna International’s components and services, accounting for 11% of Magna’s 2025 sales. Its production in North America and Europe is the key connection to watch, including its Jeep, Ram, Dodge and Chrysler business in North America.
Dauch Corporation competes with Magna International to sell automakers parts that transmit power to the wheels in combustion, hybrid and electric vehicles. Its axle and all-wheel-drive products are the concrete overlap to watch.
Dana competes with Magna International to supply automakers with systems that transmit power to the wheels and products for electric vehicles. Its Light Vehicle business, which generated 70% of 2025 external sales, is the closer demand comparison than its commercial-vehicle business.
Aptiv competes with Magna International for automakers’ spending on driver-assistance sensors, electronics and integrated safety systems. Its radar, vision-sensing and driver-assistance business is the relevant comparison, rather than its broader wiring and connection products.
Gentex is both a mirror rival and a supplier to Magna International: it sells automatic-dimming exterior mirror subassemblies to Magna Mirrors while competing for automakers’ mirror orders. Its automatic-dimming mirror sales matter on both sides of that relationship.
Autoliv and Magna International both depend on automakers’ production volumes, though Autoliv sells airbags and seatbelts while Magna supplies other vehicle systems. Autoliv’s safety-product sales offer a production-demand comparison, but its technology gains and rising market share mean they are not a pure measure of vehicle output.
Visteon and Magna International both sell electronics to automakers, exposing them to vehicle production and the timing of electronics sourcing decisions. Watch Visteon’s electronics orders and revenue alongside Magna’s disclosed delays as automakers reassess vehicle architecture.
Magna International integrates Mobileye Global Inc.’s EyeQ technology into driver-assistance systems for automakers, making Mobileye a technology supplier rather than just a comparison stock. Mobileye’s commercially deployed driver-assistance solutions generated substantially all its fiscal 2025 revenue, making that revenue line relevant to adoption of the technology Magna integrates.
General Motors Company earningsGM
General Motors accounted for 15% of Magna’s 2025 sales, so its production and model mix will show how demand at this major customer may flow into Magna’s parts orders.
Watch GM’s production and model mix, especially the full-size trucks and SUVs flagged in the relationship. Stronger production of those vehicles would support demand from a major Magna customer; weaker output could pressure related parts demand, though the effect depends on which vehicles Magna supplies and its content on each one.
VISTEON CORPORATION earningsVC
Visteon and Magna both sell electronics to automakers, so Visteon’s electronics orders and revenue will show how demand and sourcing timing in their shared market are changing.
Read Visteon’s electronics orders alongside its revenue. Strength in both would signal firmer automaker demand and sourcing in a market that includes Magna’s Power & Vision business; weakness would suggest delays or soft demand may still be weighing on both, but would not establish that Magna’s own orders moved the same way.
Gentex Corp earningsGNTX
Gentex competes with Magna for automakers’ mirror orders and supplies automatic-dimming exterior-mirror subassemblies to Magna Mirrors, so its mirror sales offer a signal from both sides of their relationship.
Watch Gentex’s automatic-dimming mirror sales. Growth would suggest support for demand in this product market, but could also mean Gentex is winning orders from suppliers such as Magna; a decline could signal softer demand. Because Gentex also supplies Magna, its results come from one link in Magna’s supply chain, but do not by themselves prove a change in Magna’s purchases or mirror orders.
Ford Motor Company earningsF
Ford is a major Magna customer, and the companies have had commercial disputes and settlements; Ford’s production and any related disclosures will show the order and cost risks in that relationship.
Watch Ford’s vehicle production and whether it reports any developments in matters involving Magna. Stronger production would support this customer’s demand for Magna’s parts and services; clearer progress on related commercial issues would reduce uncertainty about costs. Weaker production would undermine order support, while unresolved disputes would leave cost risk in place; Ford’s account cannot replace Magna’s own disclosure of its responsibility or recoveries.
BorgWarner Inc. earningsBWA
BorgWarner competes with Magna’s powertrain business for automaker orders, so its drivetrain and electric-drive sales will show how demand and competition are changing in their overlapping markets.
Focus on BorgWarner’s drivetrain and electric-drive sales, not total revenue. Strength in those businesses would show support for automaker demand in areas that overlap with Magna, but could also reflect BorgWarner winning share; weakness could mean softer demand or tougher competition, leaving less support for Magna’s powertrain business.
Mobileye Global Inc. earningsMBLY
Magna integrates Mobileye’s EyeQ technology into driver-assistance systems for automakers, and Mobileye’s revenue from commercially deployed solutions will show how widely that technology is being adopted.
Watch revenue from Mobileye’s commercially deployed driver-assistance solutions. Growth would indicate support for automaker adoption of technology Magna integrates; a decline would suggest adoption may be slowing. Mobileye’s revenue is not the same as Magna’s program count or sales, which still depend on the specific programs and supply Magna secures.
Magna International earningsThis company
Magna depends on automakers’ production orders for its parts and vehicle-assembly business, and this report will show how program mix, cost recovery and production efficiency flow through to sales and profit.
Read sales alongside adjusted EBIT margin, Magna’s non-GAAP measure of operating performance. If both strengthen, customer production, program mix or cost recoveries are more than offsetting ended programs, price concessions and labor or tariff costs; if sales or margin weakens, those pressures still outweigh efficiency gains and Magna is not yet turning automaker orders into firmer profit.
Lear Corporation earningsLEA
Lear and Magna both compete for automakers’ complete-seat and seat-component orders, so Lear’s Seating results will show demand and program-profit pressures in their shared market.
Watch Lear’s Seating sales and operating performance. Strength in both would signal support for demand or program economics in the automaker seat market, a positive market signal for Magna’s seating business; weaker sales or profit would point to softer demand or greater program-cost pressure. Their program mixes differ, so Lear’s results describe the market, not Magna’s own performance.
Industrial Production MoM (Oct)
Industrial production tracks output from factories, mines and utilities; for Magna, stronger automaker production can mean more orders for its vehicle systems and complete-vehicle assembly, while weaker output can reduce sales and leave capacity underused.
Stronger factory output points to firmer demand for industrial goods and may support automaker production, Magna’s parts and assembly sales, and capacity use; weaker output points to softer demand and may reduce those sales while leaving capacity underused.
