Quarterly ResultJul 24, 2026, 08:05 AM
Gentex Q2 EPS $0.54, Gross Margin 37.0%; Sales Down 1%
AI Summary
Gentex Corporation reported Q2 2026 financial results with net sales of $651.3 million, a 1% decrease year-over-year. Despite the slight revenue decline, the company achieved a significant gross margin increase to 37.0% and a 26% rise in GAAP diluted EPS to $0.54. The results were supported by strong North American performance, higher content per vehicle in Europe, and continued growth in non-automotive product lines, including Premium Audio and Other Products. Gentex also updated its full-year 2026 guidance, raising the gross margin outlook.
Key Highlights
- Net sales for Q2 2026 were $651.3 million, a 1% decrease compared to Q2 2025.
- Gross margin increased to 37.0% in Q2 2026, up 280 basis points from Q2 2025.
- GAAP net income attributable to Gentex was $114.7 million, a 19% increase from Q2 2025.
- GAAP diluted earnings per share were $0.54, up 26% compared to $0.43 in Q2 2025.
- The company repurchased 2.7 million shares for $66.0 million during the quarter.
- Automotive revenue declined approximately 3% quarter over quarter.
- Premium Audio revenue grew 16% to $51.7 million, and Other Products revenue increased 12% to $39.4 million.
- Updated 2026 gross margin guidance to 34.5%-35.5% (previously 34%-35%).
Price Impact
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