GENTEX CORP (GNTX) Form 8-K — Oct 23, 2026
Gentex reported Q3 2026 net sales of $647.7 million, roughly flat versus $655.2 million a year ago but approximately $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, while adjusted EPS held steady at $0.47. Gross margin slipped to 33.4% from 34.4%, pressured by higher precious metal costs and lost operating leverage, prompting Gentex to cut full-year 2026 gross margin guidance to 34.0%-34.5% and tighten revenue guidance to approximately $2.65 billion. China revenue dropped 44% year over year and the VW program loss created a $16.6 million quarterly headwind.
Key figures
- Eps
- 0.43
- Revenue
- 647700000
- Guidance
- FY2026 revenue ~$2.65B (lowered from $2.65-$2.75B); gross margin 34.0%-34.5% (cut from 34.5%-35.5%); 2027 revenue outlook maintained at $2.80-$2.90B
- Net Income
- 90600000
- Revenue Yoy
- -1.1%
- Shares Outstanding
- not stated
- Adjusted eps
- $0.47
- Q3 repurchases
- 5.7M shares for $132.6M at avg $23.44
- Ytd repurchases
- 11.6M shares for $270.2M
- Effective tax rate
- 15.5%
- Adjusted net income
- $97.8M
- Gross margin q3 2025
- 34.4%
- Gross margin q3 2026
- 33.4%
- Premium audio revenue
- $54.7M (+27% YoY)
- Repurchases remaining
- ~24.3M shares
- Income from operations
- $115.1M
- Revenue below forecast
- ~$35M
- China revenue decline q3
- -44%
- Non automotive revenue growth
- ~17% YoY
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.