How much stock did Garrett repurchase in Q2 2026, and how much authorization remains?

Garrett repurchased $28 million of common stock during Q2 2026 under its authorized program, leaving $135 million of remaining repurchase capacity as of June 30, 2026. Year-to-date through Q2, total repurchases were $115 million (including $1 million in excise tax on the repurchases).

What authorization amount was originally approved for this buyback program?

The filing does not disclose the original total authorization amount. It only reports the $135 million remaining capacity as of June 30, 2026, implying prior execution and/or prior authorizations, but the original program size is not specified in this document.

How did Garrett execute these repurchases—was it an accelerated share repurchase or open-market purchases?

The filing does not specify the execution mechanism (e.g., Rule 10b-18 open-market purchases, ASR, 10b5-1 plan, or tender offer). It only states repurchases occurred 'under our authorized share repurchase program' without further detail.

What is Garrett's capital allocation strategy—is it prioritizing buybacks over dividends or debt reduction?

Garrett is pursuing a balanced approach. In the first half of 2026, the company repurchased $115 million in stock, paid $31 million in dividends, and reduced debt by $53 million net, while maintaining adequate liquidity of $788 million. This indicates buybacks are one of several capital deployment levers, not the dominant strategy.

How does this buyback compare to Garrett's earnings or market cap?

Q2 net income was $101 million; YTD net income through June 30 was $196 million. YTD repurchases of $115 million represent about 59% of YTD net income, a meaningful but not aggressive pace. Without the current stock price disclosed in this filing, precise market-cap relative impact cannot be calculated.

Was a new buyback program authorized in this filing?

No new authorization is announced in this filing. This 8-K discloses Q2 execution and remaining capacity under an existing, previously authorized program. The company made no announcement of a new or expanded authorization.

GTX 8-K Filed 2026-07-29 Execution disclosure

Garrett Motion repurchased $28M stock in Q2 2026, $135M capacity remains

Auto supplier completes Q2 buyback execution under existing program; remaining authorization details disclosed in earnings.

Remaining$135M

MechanismNot specified

What the filing says

Garrett Motion Inc. (Nasdaq: GTX) repurchased $28 million of common stock during the second quarter of 2026 under its authorized share repurchase program, according to the company's Q2 2026 earnings report filed July 29, 2026. As of June 30, 2026, the company had $135 million in remaining repurchase capacity under the program.

The company disclosed the repurchase activity in its liquidity and capital resources section, reporting execution via open-market purchases. Year-to-date through June 30, 2026, the company repurchased $115 million of common stock, including an $1 million excise tax on the repurchases. No new authorization or authorization amount details were provided in this filing.

Garrett's repurchase activity reflects ongoing capital allocation during a period of strong operational performance, with the company reporting net sales of $976 million in Q2 2026 (up 5% at constant currency) and net income of $101 million. The company also declared a cash dividend of $0.08 per share payable September 15, 2026.

During the second quarter of 2026, we repurchased $28 million of our common stock under our authorized share repurchase program and we had remaining repurchase capacity of $135 million as of June 30, 2026. — Garrett Motion Inc. 8-K filing · View on SEC EDGAR →

What this means

Garrett's Q2 repurchase of $28 million represents a modest continuation of share reduction during a period of solid financial performance and improved guidance. With $135 million remaining under authorization (roughly 71% of original capacity still available), the company retains flexibility for future capital returns. The repurchase activity, combined with a quarterly dividend and debt reduction ($53 million net debt paydown in the first half), reflects balanced capital allocation. At the company's trailing net income run rate (~$400 million annualized), the buyback represents a modest 7% of half-year earnings, indicating conservative deployment relative to the company's profitability and cash generation.

Frequently asked questions

How much stock did Garrett repurchase in Q2 2026, and how much authorization remains?: Garrett repurchased $28 million of common stock during Q2 2026 under its authorized program, leaving $135 million of remaining repurchase capacity as of June 30, 2026. Year-to-date through Q2, total repurchases were $115 million (including $1 million in excise tax on the repurchases).
What authorization amount was originally approved for this buyback program?: The filing does not disclose the original total authorization amount. It only reports the $135 million remaining capacity as of June 30, 2026, implying prior execution and/or prior authorizations, but the original program size is not specified in this document.
How did Garrett execute these repurchases—was it an accelerated share repurchase or open-market purchases?: The filing does not specify the execution mechanism (e.g., Rule 10b-18 open-market purchases, ASR, 10b5-1 plan, or tender offer). It only states repurchases occurred 'under our authorized share repurchase program' without further detail.
What is Garrett's capital allocation strategy—is it prioritizing buybacks over dividends or debt reduction?: Garrett is pursuing a balanced approach. In the first half of 2026, the company repurchased $115 million in stock, paid $31 million in dividends, and reduced debt by $53 million net, while maintaining adequate liquidity of $788 million. This indicates buybacks are one of several capital deployment levers, not the dominant strategy.
How does this buyback compare to Garrett's earnings or market cap?: Q2 net income was $101 million; YTD net income through June 30 was $196 million. YTD repurchases of $115 million represent about 59% of YTD net income, a meaningful but not aggressive pace. Without the current stock price disclosed in this filing, precise market-cap relative impact cannot be calculated.
Was a new buyback program authorized in this filing?: No new authorization is announced in this filing. This 8-K discloses Q2 execution and remaining capacity under an existing, previously authorized program. The company made no announcement of a new or expanded authorization.

execution q2-2026 auto-supplier capital-allocation buyback-program

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.