Gentex Q2 Sales Miss on Lower Auto Production, But Margins Surprise
GNTX sits 16% above its 52-week low of $20.48.
Summary
Gentex reported Q2 sales of $651.3M, missing the $669.5M consensus, as automotive revenue fell 3% on weaker light vehicle production and mirror shipments. Adjusted EPS rose 16% to $0.58, helped by $18M in tariff reimbursements and a 280bps gross margin expansion. The company raised its 2026 gross margin outlook to 34.5%-35.5% and introduced 2027 revenue guidance of $2.80-$2.90B, signaling confidence in non-automotive growth. This follows a strong Q1 and raised full-year revenue guidance in May, but the sales miss and auto weakness may pressure the stock. The margin beat and buyback activity provide some offset.
At the time of this announcement, GNTX was trading at $23.80 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $5.1B. The 52-week trading range was $20.48 to $29.38. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.