| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 144.78 | 4.0% | 7.0% |
| Total Income | 144.78 | 4.0% | 7.0% |
| Expenditure | 117.98 | 0.6% | 4.8% |
| PBT | 26.24 | 21.1% | 14.2% |
| Net Profit | 19.16 | 11.4% | 3.4% |
| OPM | 18.51% | 2.72pp | 1.71pp |
| NPM | 13.24% | 0.88pp | 0.46pp |
| EPS | 0.67 | 11.7% | 8.1% |
CTS Corporation Announces Second Quarter 2026 Results
28 Jul 2026 · 28 Jul, 5:32 pm
Summary
CTS Corporation announced strong second quarter 2026 results, with sales reaching $144.8 million, up 7% year-over-year, driven by a 15% increase in diversified end-market sales. The company achieved record margins, with Adjusted Gross margin at 41.5% and Adjusted EBITDA margin at 25.4%. Net income was $19.2 million, and diluted EPS was $0.66. Management raised the full-year 2026 outlook for both sales and adjusted diluted EPS, reflecting confidence in continued diversification momentum and operational execution.
Key Highlights
- 1
CTS Corporation reported second quarter 2026 sales of $144.8 million, an increase of 7% year-over-year.
- 2
Net income for the second quarter of 2026 was $19.2 million, with diluted EPS of $0.66.
- 3
Adjusted Gross margin improved to 41.5% in Q2 2026, up 270 basis points from 38.7% in the prior year period.
- 4
Adjusted EBITDA margin reached 25.4% in Q2 2026, an increase of 240 basis points compared to 23.0% in Q2 2025.
- 5
Sales to diversified end-markets increased by 15% year-over-year, now representing 59% of total revenue.
- 6
The company raised its 2026 guidance for sales to a range of $565-$585 million and adjusted diluted EPS to $2.55-$2.70.
Management Comments
Pratik Trivedi
CTS’s diversification strategy is translating into stronger, more resilient performance with those end market sales up 15% year over year and now represent 59% of total revenue. Transportation sales modestly declined with strong growth in new wins. We delivered another quarter of outstanding execution, driving profitable growth, record margins, and strong cash generation. Our focus remains on the transformation of our portfolio through continued growth in our diversified end markets to accelerate long term value creation.
Informational and educational content only. Not investment advice.