Gentex reported second-quarter 2026 results with net sales of $651.3 million and GAAP net income attributable to Gentex of $114.7 million. The company recorded a 37.0% gross margin and adjusted diluted earnings per share of $0.58 for the quarter. Management highlighted share repurchases of $66.0 million and continued growth in non-automotive product lines.

Financial Highlights

  • Net sales: $651.3 million for the three months ended June 30, 2026 (vs. $657.9 million in Q2 2025).
  • Gross profit: $241.0 million; Gross margin: 37.0% (up 280 basis points vs. Q2 2025).
  • Income from operations (GAAP): $141.3 million; Adjusted income from operations (non-GAAP): $141.7 million.
  • Net income attributable to Gentex (GAAP): $114.7 million; Adjusted net income (non-GAAP): $122.9 million.
  • Adjusted diluted earnings per share (non-GAAP): $0.58; GAAP diluted EPS: $0.54.

Business Highlights

  • Automotive revenue declined ~3% quarter over quarter, driven by weaker performance in Europe, Japan/Korea and China, partially offset by strength in North America.
  • Premium Audio delivered meaningful growth: Premium Audio revenue rose about 16% quarter over quarter to $51.7 million, led by Powered Systems and Onkyo brands.
  • Other Products category (aerospace, biometrics, fire protection, medical devices, automotive aftermarket) grew ~12% quarter over quarter to $39.4 million, with aerospace and biometric/accessory gains offsetting lower aftermarket sales.
  • Auto-dimming mirror unit shipments: total units declined ~10% year-over-year for the quarter; international interior mirror shipments fell 26% quarter over quarter while North America increased.
  • Capital allocation and operations: repurchased 2.7 million shares for $66.0 million in Q2 (5.9 million shares YTD for $137.6 million) and updated full-year 2026 guidance narrowing gross margin and capex ranges while keeping revenue guidance at $2.65–$2.75 billion.

Original SEC Filing:

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