Lear Corp (NYSE: LEA) is an automotive parts supplier that designs and manufactures seating systems and electrical distribution systems for vehicle manufacturers worldwide. Revenue is generated by selling components and assemblies directly to original equipment manufacturers on a per-vehicle basis, tying Lear's top line closely to global automotive production volumes. The company operates two reportable segments: Seating, which produces complete seat systems, seat covers, and mechanisms, and E-Systems, which produces wire harnesses, connectors, and related electrical components. Lear is headquartered in Southfield, Michigan. Customer concentration is a structural feature of the business, as revenues depend on production schedules and sourcing decisions of a relatively small number of global automakers. The filing was made February 13, 2026, covering the fiscal year ended in 2025.

Revenue model

Transactional, per-vehicle sales of seating systems and electrical distribution components to OEM automakers. Revenue tracks customer production volumes rather than a subscription or royalty model.

Products and services

Complete automotive seat systems, seat covers, seat mechanisms, wire harnesses, electrical connectors, and electrical distribution assemblies across Seating and E-Systems segments.

Customers and end markets

Original equipment manufacturer automakers globally. End market is light vehicle production. Customer concentration among a limited number of large global automakers is material.

Value-chain role

Tier 1 automotive supplier. Designs and manufactures components delivered directly to OEM assembly plants.

Geographic exposure

Global operations serving automakers across multiple regions. Specific revenue breakdown by geography not supported by the provided filing excerpts.

Source: SEC 10-K, filed 2026-02-13

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