Quarterly ResultMay 7, 2026, 07:38 AM
Stoneridge Q1 Sales $160.8M, Gross Margin 21.7%; Raises FY Revenue Guidance
AI Summary
Stoneridge, Inc. reported solid first-quarter 2026 results with sales of $160.8 million, a 9.2% increase from Q4 2025, and a gross profit of $35.0 million, representing a 400 basis point margin improvement. The company also announced over $135 million in new program awards, including a MirrorEye program with a fourth North American OEM and an electronic controls program for an off-highway manufacturer. Stoneridge updated its full-year 2026 revenue guidance to $645 million - $670 million and adjusted operating margin guidance to break-even to 0.5%, while reaffirming adjusted EBITDA guidance.
Key Highlights
- Q1 2026 sales reached $160.8 million, up 9.2% from Q4 2025.
- Gross profit was $35.0 million (21.7% of sales), a 400 bps improvement from Q4 2025.
- Adjusted operating loss improved to $(3.0) million, a 180 bps improvement from Q4 2025.
- Adjusted EBITDA was $2.0 million (1.3% of sales).
- Secured over $135 million in estimated lifetime revenue from new program awards.
- Updated full-year 2026 revenue guidance to $645 million - $670 million, an increase of $20 million.
- Adjusted operating margin guidance raised to break-even to 0.5%, up 50 bps.
- Net debt improved by $42.0 million to $85.9 million as of March 31, 2026.