earnings
confidence high
sentiment positive
materiality 0.75
Gentex Q2 EPS $0.54 (+26% YoY); gross margin 37.0% (+280 bps); raises FY margin guidance
GENTEX CORP
- Net sales $651.3M (-1% YoY); automotive revenue -3%, Premium Audio +16% to $51.7M, Other Products +12%.
- GAAP EPS $0.54 (+26% YoY); adjusted EPS $0.58 (+16% YoY). Net income $114.7M (+19%).
- Gross margin 37.0% (+280 bps YoY) benefited from ~$18M IEEPA tariff reimbursements; FY margin guidance raised to 34.5%-35.5%.
- Repurchased 2.7M shares for $66M in Q2; 29.9M remaining under buyback plan.
- FY 2026 revenue guidance unchanged at $2.65-$2.75B; opex guidance lowered to $405-$415M; capex lowered to $115-$125M.