CTS Q2 FY26 adjusted diluted EPS rises 30% YoY to $0.74; revenue increases 7% to $145 million
CTS•Q2 results
- CTS posted Q2 2026 net income of $19.2 million, lifting diluted EPS to $0.66 from the prior-year quarter.
- Revenue rose 7% year over year to $145 million, supported by 15% growth in diversified end markets, now 59% of sales.
- Adjusted gross margin (non-GAAP) widened to 41.5%, up 2.8 percentage points year over year, driven by operations, mix, and FX benefit.
- Transportation revenue slipped 2% year over year, while total booked business ended Q2 at $1.2 billion with $163 million of new wins.
2026 outlook
- For 2026, CTS forecast revenue of $565 million with adjusted diluted EPS (non-GAAP) of $2.23, citing flat-to-slightly-down light vehicle production.
