Gentex Stock Earnings Reports

Gentex reported Q1 2026 consolidated revenue of $675.4M, up 17% year-over-year (VOXX contributed $88.6M). Core Gentex revenue rose 2% to $586.8M despite a >3% decline in global light vehicle production, driven by advanced-feature content (Gen 4 Full Display Mirror (FDM), cabin monitoring, CMOS sensors, dimmable visors, large-area devices). Consolidated gross margin improved to 33.8% (Core 34%), reflecting operational efficiencies and favorable product mix, partially offset by tariffs and higher commodity costs. Consolidated GAAP net income was $98.5M ($0.46/sh), with non-GAAP net income $103.7M ($0.48/sh). Operating expenses rose primarily due to the VOXX acquisition; VOXX is now profitable and integration is underway. Cash flow from operations was ~$137M; the company repurchased 3.3M shares for $71.6M in the quarter and has ~32.6M shares remaining authorized. Gentex raised 2026 revenue guidance to $2.65B–$2.75B while maintaining gross margin guidance of 34%–35%. Key risks and headwinds include tariffs (IEPA uncertainty and ~$42M paid to date, $15M of tariffs capitalized in inventory), precious metals and memory inflation, and ongoing vehicle production softness and de-contenting in lower-end vehicles and certain regions (notably Europe and China). Management emphasizes continued investment in advanced features and selective, low-capital expansion into high-volume electronics manufacturing (RFQs underway), with expectations that new content and product launches will drive above-market growth into 2027 and beyond.