Financial Performance - Magna reported strong Q2 2025 financial performance, exceeding expectations [19, 51] - Adjusted EBIT increased by 1% year-over-year, with a margin of 55%, a 20 bps increase [20, 37] - Adjusted Diluted EPS increased by 7% year-over-year to $144 [20, 37] - Free Cash Flow increased by $178 million year-over-year to $301 million [20, 37] Updated Outlook - Magna increased its 2025 outlook, raising the low end of the Adjusted EBIT margin range to 52%-56% [20, 34, 51] - The company also increased its Adjusted Net Income Attributable to Magna forecast to $135 billion - $155 billion [20, 34, 51] - Total sales are projected to be $404 billion - $420 billion [34] Tariff Mitigation - Magna reduced its estimated 2025 annualized net tariff exposure to approximately $200 million, down from approximately $250 million in Q1 [20, 32, 51] - The company has settled with multiple OEMs for substantially all of its 2025 net tariff exposure with them [20, 32, 51] Sales Performance - Consolidated sales decreased by 3% to $10631 billion [39, 45] - Weighted Sales Growth over Market (GoM) was -1% (-1% excluding Complete Vehicles) [37, 39]