J P M O R G A N North America Equity Research 10 July 2026 US Auto Suppliers Updated Thoughts and 2Q26 EPS Preview: Risk- Reward Balanced as Bar Higher; Focus on GoM Visibility (inc. Non-Auto), Commodities/DRAM, and Capital Return; Stay Selective Sector bar higher after optimistic intra-quarter 2Q commentary, though recent de-rating keeps relative multiples attractive within broader ecosystem: We see the average auto supplier to come in marginally ahead of consensus on EBITDA with potential for upside given ...