Gentex Q1 EPS Beats by 6c, Raises Full-Year Revenue Guide to $2.65–2.75B
Gentex posted Q1 adjusted EPS of $0.48 versus $0.45 estimate and revenue of $675.4M, a 17% increase from $576.8M year-over-year. The company raised full-year revenue guidance to $2.65–2.75B, repurchased 3.3M shares for $71.6M and expanded core gross margin by 80 basis points to 34.0%.
1. Q1 Earnings Beat
Gentex recorded adjusted Q1 EPS of $0.48, surpassing the $0.45 consensus, with net income of $98.5M. Total revenue reached $675.4M, marking a 17% year-over-year increase from $576.8M.
2. Acquisition Contribution
The VOXX acquisition contributed $88.6M to revenue, boosting total to $675.4M. Core Gentex revenue of $586.8M grew 2% despite a 3% decline in global light vehicle production.
3. Margin Expansion
Core gross margin expanded by 80 basis points to 34.0%, driven by operational efficiencies and a favorable product mix. These gains partially offset higher tariff-related costs and commodity price increases.
4. Guidance Raised and Buybacks
For fiscal 2026, Gentex raised its revenue guidance to $2.65–2.75B while maintaining a 34–35% gross margin forecast. The company repurchased 3.3M shares for $71.6M at an average price of $22.01 per share.