Gentex Reports Third Quarter 2026 Financial Results
Gentex reported Q3 2026 net sales of $647.7 million, down slightly from $655.2 million a year ago and roughly $35 million below its beginning-of-quarter forecast due to customer issues and delayed launches. GAAP diluted EPS fell to $0.43 from $0.46 (adjusted EPS flat at $0.47), and gross margin slipped to 33.4% from 34.4% on higher precious metal costs and reduced operating leverage. The company cut FY26 guidance, trimming revenue to approximately $2.65 billion and gross margin to 34.0-34.5% from prior ranges.
Key figures
- Eps
- 0.43
- Revenue
- 647709651
- Guidance
- FY26 revenue ~$2.65B (previously $2.65-$2.75B); gross margin 34.0-34.5% (previously 34.5-35.5%); opex ex-severance/impairments $395-410M; capex $100-115M; maintained 2027 revenue outlook of $2.80-$2.90B
- Revenue Yoy
- -1.1%
- Adjusted eps
- 0.47
- Q3 buyback usd
- 132600000
- Auto revenue q3
- 552521000
- Gaap net income
- 90564884
- Gross margin q3
- 33.4%
- Ytd buyback usd
- 270200000
- Q3 buyback shares
- 5700000
- Adjusted net income
- 97763063
- Gaap operating income
- 115059201
- Premium audio revenue
- $54.7 million
- China revenue change q3
- -44%
- Premium audio growth yoy
- 27%
- Adjusted operating income
- 118836180
- Non automotive growth yoy
- 17%
- Gross margin q3 prior year
- 34.4%
- Non automotive revenue pct
- 15%
- Q3 revenue shortfall vs forecast
- $35 million
- Shares remaining under repurchase plan
- 24300000
AI analysis
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