BorgWarner increased its full-year revenue forecast on Thursday, supported by improved global vehicle production and advantageous exchange rates.
The company continues to benefit from solid demand for hybrid systems and turbochargers, despite cost pressures from tariffs across the automotive supply chain.
The Michigan-based auto parts supplier now expects revenue in the range of $14 billion to $14.4 billion for the full year, up from a prior forecast of $13.6 billion to $14.2 billion. The revised outlook contributed to a rise in the company’s shares, which were up more than 2% in premarket trading.
For the second quarter ending in June, BorgWarner reported sales of $3.64 billion, marking a 1% year-on-year increase.
The result exceeded analyst estimates, which stood at $3.61 billion. Adjusted earnings per share came in at $1.21, outperforming expectations of $1.08, according to data compiled by LSEG.
The company has managed to offset some of the impact from new trade tariffs by capitalizing on sustained interest in hybrid powertrains and performance-boosting technologies.
BorgWarner continues to position itself for long-term growth in electrified vehicle components as the global auto industry transitions away from internal combustion engines.