Gentex maintained its 2026 revenue guidance at $2.65 billion to $2.75 billion and raised its 2026 gross margin outlook to 34.5% to 35.5% from 34% to 35%.
The company also expects 2027 revenue between $2.80 billion and $2.90 billion. During the quarter, Gentex repurchased 2.7 million shares for $66 million.
Adjusted EPS for the quarter rose 16% year over year to $0.58, despite lower automotive revenue.
Gross margin rose 280 basis points year over year, aided by $18 million of IEEPA tariff reimbursements and favorable product mix, partly offset by higher commodity costs.
Premium Audio revenue rose 16% and Other Products revenue grew 12% year over year, led by strong performance in aerospace, biometrics, and accessory products.
Gentex said second-quarter sales fell 1% year over year, missing analyst expectations, as automotive revenue declined 3% year over year.
The company said the decline was driven by lower light vehicle production and reduced base auto-dimming mirror shipments, especially in international markets.
