Gentex Raises 2026 Revenue Target After 17.1% Q1 Sales Jump; Shares Sold
Gentex director Schaum sold 4,815 shares at $23.31 each for $112,254 while North Point Portfolio Managers exited 324,000 shares worth $7.52 million. Q1 adjusted EPS hit $0.48, beating estimates as net sales rose 17.1% to $675 million, and Gentex raised its 2026 revenue outlook to $2.65–2.75 billion.
1. Insider and Institutional Selling
On April 30, Gentex director Richard O. Schaum sold 4,815 shares at $23.31 each, realizing $112,254 and leaving him with 81,443 shares. At the same time, North Point Portfolio Managers divested its entire 324,000-share position, a transaction valued at approximately $7.52 million.
2. Strong Q1 Financial Performance
Gentex reported adjusted earnings of $0.48 per share for the first quarter, surpassing analyst expectations by four cents. Net sales increased 17.1% year-over-year to $675 million, outperforming the consensus target of $647 million, driven by a richer product mix and contributions from VOXX.
3. Raised 2026 Revenue Outlook
Buoyed by robust Q1 results, Gentex lifted its full-year 2026 revenue forecast to a range of $2.65 billion to $2.75 billion. Management cited strong demand for electrochromic glass and digital vision systems as the basis for the updated target despite headwinds from reduced vehicle production in certain markets.