Magna Q1 earnings: Net income fell 41% amid microchip, inflation, war disruption Magna Q1 earnings: Net income fell 41% amid microchip, inflation, war disruption April 29, 2022 dzadmin Comments 0 Comment Magna reported that net income plunged 41 percent to $364 million in the quarter ended March 31, down from $615 million in the same period a year earlier.