Gentex Corporation (GNTX) reported second-quarter 2026 adjusted earnings of 58 cents per share, surpassing the Zacks Consensus Estimate of 50 cents by 16%. Revenue totaled $651.3 million, down 1% year-over-year, and missed the consensus estimate of $669 million by 2.6%. Automotive net sales fell to $560.1 million from $578.1 million a year earlier, attributed to lower light-vehicle production and mirror shipments. Total auto-dimming mirror shipments decreased by 10% year-over-year to 10.4 million units.
Gentex’s gross margin improved by 280 basis points year-over-year to 37%, aided by around $18 million in tariff reimbursements. Free cash flow increased by 20% to $161.7 million, with cash and cash equivalents rising to $233.4 million as of June 30, 2026. The company maintained its 2026 revenue guidance of $2.65-$2.75 billion but raised its gross margin outlook to 34.5%-35.5% from 34%-35%.
Key developments include Gentex’s expansion of the Full Display Mirror portfolio and plans for a new manufacturing facility in Morocco, with production expected to start in 2028.
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