Gentex Q3 sales miss expectations on delayed launches; cuts guidance
GNTX•Gentex reported Q3 sales of $647.7 million and adjusted EPS of $0.47, below analyst estimates of $670.49 million and $0.50. It cut its 2026 revenue outlook to about $2.65 billion and gross margin outlook to 34.0%-34.5%.
1. Q3 results
Gentex reported Q3 revenue of $647.7 million, down year over year and below analyst expectations of $670.49 million. Adjusted EPS was $0.47, compared with estimates of $0.50; net income was $90.6 million.
2. Guidance reduced
The company lowered its 2026 revenue guidance to about $2.65 billion from a range of $2.65 billion to $2.75 billion, and cut its gross margin outlook to 34.0%-34.5% from 34.5%-35.5%. It maintained its 2027 revenue forecast of $2.80 billion to $2.90 billion.
3. Delays and costs
Gentex said customer issues and delayed launches left Q3 revenue about $35 million below forecast. Higher precious metal costs and lower-than-anticipated sales contributed to unfavorable product mix and reduced operating leverage. The company repurchased 5.7 million shares for $132.6 million during the quarter.
