Garrett Motion (GTX) Soars to All-Time High on Earnings Blowout, Upbeat Guidance

Garrett Motion Inc. (NASDAQ:GTX) is one of the 10 Stocks Delivering Eye-Popping Gains.

Garrett Motion soared to a fresh all-time high on Thursday, as investors took heart from the company’s strong earnings performance in the first quarter of the year, and a higher growth outlook for the full-year period.

At intra-day trade, the stock climbed to its highest price of $25.77 before paring gains to finish the session just up by 24.99 percent at $25.61 apiece.

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In an updated report, Garrett Motion Inc. (NASDAQ:GTX) said that it grew its net income by 53 percent to $95 million from $62 million in the same period last year, primarily driven by a $17 million jump in gross profits and a $7 million higher non-operating income.

Net sales grew by 12 percent to $985 million from $878 million year-on-year, driven by strong demand from commercial vehicle off-highway and industrial, supported by a higher share in passenger vehicles.

Encouraged by the results, Garrett Motion Inc. (NASDAQ:GTX) raised its GAAP net income forecast to a range of $300 million to $360 million, from $295 million to $335 million previously.

It also upgraded the upper end of its net sales growth guidance to $3.9 billion from $3.8 billion, while the lower end was maintained at $3.6 billion.

In other news, Garrett Motion Inc. (NASDAQ:GTX) announced the distribution of $0.08 in dividends to all shareholders on record as of June 1, 2026, payable on June 15.

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