Gentex Reports Third Quarter 2026 Financial Results
Premium Audio revenue rose approximately 27%, while automotive sales declined amid headwinds in China and the Volkswagen program loss.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Gentex (GNTX) reported third-quarter 2026 net sales of $647.7 million, down from the same quarter a year earlier. Sales compared with $655.2 million in 2025 and were approximately $35 million below its beginning-of-quarter forecast because of customer issues and delayed launches. GAAP net income attributable to Gentex fell to $90.6 million from $101.0 million; diluted earnings declined to $0.43 from $0.46. Gross margin fell to 33.4% from 34.4%.
Gentex lowered its 2026 revenue outlook to approximately $2.65 billion and gross-margin guidance to 34.0%–34.5%, while maintaining its 2027 revenue outlook of $2.80 billion–$2.90 billion. Expected fourth-quarter incremental costs are $10 million–$15 million, with related reimbursements not anticipated until first-half 2027. Gentex repurchased 5.7 million shares for $132.6 million and secured its first printed circuit board assembly contract, with production expected in 2029.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate point. Forward-looking: it has not happened yet and may not happen.2027 revenue outlook maintained at $2.80 billion–$2.90 billion, assuming primary-market vehicle production declines approximately 1%.
- Moderate point5.7 million shares repurchased for $132.6 million in Q3, averaging $23.44 per share. 2.9% of market cap
- Moderate pointNorth American automotive revenue rose approximately 3% year over year despite regional vehicle production declining 5%.
- Moderate pointEuropean automotive revenue grew 13% year over year excluding the Volkswagen program loss.
- Moderate pointNon-automotive revenue increased approximately 17% year over year, reaching 15% of sales versus approximately 12%.
- Moderate point. Forward-looking: it has not happened yet and may not happen.2026 operating-expense guidance lowered to $395–$410 million from $405–$415 million, excluding severance and impairments.
- Moderate point. Forward-looking: it has not happened yet and may not happen.2026 capital-expenditure guidance lowered to $100–$115 million from $115–$125 million.
10 minor points
- Minor point. Forward-looking: it has not happened yet and may not happen.Approximately 24.3 million shares remained authorized for repurchase at September 30; Gentex intends further purchases.
- Minor pointPremium Audio sales rose approximately 27% to $54.7 million from $43.0 million in Q3 2025.
- Minor pointOther Products sales increased 5% year over year to $40.5 million in Q3 2026.
- Minor pointAerospace and Fire Protection revenues increased 135% and 36%, respectively, year over year.
- Minor pointGAAP operating expenses declined to $101.3 million from $102.8 million in Q3 2025.
- Minor pointEffective tax rate declined to 15.5% from 16.3% in Q3 2025.
- Minor point. Forward-looking: it has not happened yet and may not happen.2026 tax-rate guidance lowered to 16%–16.5% from 16%–17%.
- Minor point. Forward-looking: it has not happened yet and may not happen.2026 depreciation and amortization guidance lowered to $100–$105 million from $100–$110 million.
- Minor point. Forward-looking: it has not happened yet and may not happen.First printed circuit board assembly contract awarded, with production expected to begin in 2029.
- Minor point. Forward-looking: it has not happened yet and may not happen.Dimmable visor launch scheduled for late 2027; fourth-generation digital rearview mirror launches are underway.
Negative
- Major point. Forward-looking: it has not happened yet and may not happen.2026 revenue guidance reduced to approximately $2.65 billion from $2.65–$2.75 billion.
- Moderate point. Forward-looking: it has not happened yet and may not happen.2026 gross-margin guidance lowered to 34.0%–34.5% from 34.5%–35.5%.
- Moderate point. Forward-looking: it has not happened yet and may not happen.$10 million–$15 million in incremental costs expected in Q4; related reimbursements not anticipated until first-half 2027.
- Moderate pointQ3 sales declined to $647.7 million from $655.2 million in Q3 2025.
- Moderate pointRevenue missed the beginning-of-quarter forecast by approximately $35 million because of customer issues and delayed launches.
- Moderate pointGAAP net income attributable to Gentex fell to $90.6 million from $101.0 million in Q3 2025.
- Moderate pointGross margin declined to 33.4% from 34.4%, reflecting higher precious-metal costs and lower-than-anticipated sales.
- Moderate pointAutomotive sales fell to $552.5 million from $573.7 million in Q3 2025.
- Moderate pointMemory and other electronic-component supply constraints are creating cost pressure; precious-metal prices remain volatile.
6 minor points
- Minor pointGAAP diluted earnings fell to $0.43 per share from $0.46 in Q3 2025.
- Minor pointGAAP operating income declined to $115.1 million from $122.3 million in Q3 2025.
- Minor pointTotal other loss widened to $7.8 million from $1.8 million in Q3 2025.
- Minor pointVolkswagen program loss more than offset growth elsewhere in Europe; China continued pressuring shipments and revenue.
- Minor pointAftermarket and accessory sales declined, partially offsetting Aerospace and Fire Protection growth.
- Minor point. Forward-looking: it has not happened yet and may not happen.Large-area device development remains dependent on full product validation before expected customer volumes.
News Explained
At
Details
Market Reaction – GNTX
On Oct 23, the day this news came out, the latest delayed price for GNTX is 7.08% below the previous close. Our momentum scanner has recorded 2 alerts for this stock so far that day. The latest delayed price is $20.20. Relative volume is exceptionally heavy at 9.2x the average.
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Key Figures
- Net sales
- $647.7 million vs. $655.2 million
- Q3 2026 vs. Q3 2025
- Gross margin
- 33.4% vs. 34.4%
- Q3 2026 vs. Q3 2025
- GAAP diluted EPS
- $0.43 vs. $0.46
- Q3 2026 vs. Q3 2025
- 2026 consolidated revenue guidance
- Approximately $2.65 billion (previously $2.65–$2.75 billion)
- Updated annual guidance
- 2026 gross margin guidance
- 34.0%–34.5% (previously 34.5%–35.5%)
- Updated annual guidance
- 2027 revenue outlook
- $2.80–$2.90 billion
- Maintained outlook
- Share repurchases
- $132.6 million; 5.7 million shares
- Q3 2026
- Premium Audio revenue
- $54.7 million, up 27%
- Q3 2026 year over year
Previous Earnings Reports
-
Reported 37.0% gross margin and $0.54 diluted EPS, alongside year-over-year profit growth.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
gaap financial
non-gaap financial
pcba technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
ZEELAND, Mich., Oct. 23, 2026 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass, fire protection technologies, and consumer electronics, today reported financial results for the three and nine months ended September 30, 2026.
Third Quarter 2026 Highlights
- Net sales of
$647.7 million - North American automotive revenue growth outpaced regional light vehicle production by approximately 800 basis points
- Gross margin of
33.4% - Income from operations (GAAP)
$115.1 million ; adjusted income from operations (non-GAAP)$118.8 million - Net income attributable to Gentex (GAAP)
$90.6 million ; adjusted net income attributable to Gentex (non‑GAAP)$97.8 million - Earnings per diluted share attributable to Gentex (GAAP)
$0.43 ; adjusted earnings per diluted share (non‑GAAP)$0.47 - Share repurchases: 5.7 million shares repurchased during the quarter for a total of
$132.6 million - Awarded first printed circuit board assembly ("PCBA") contract with production expected to begin in 2029
Financial Summary
For the third quarter of 2026, the Company reported net sales of
“Our third quarter results demonstrate the resilience of our business and the continued benefits of our strategy to grow through technology, product mix, and diversification,” said Steve Downing, President and CEO. “Despite continued challenges in China and Europe, we delivered third quarter net sales that were relatively flat compared to the third quarter of 2025 even though revenue was approximately
For the third quarter of 2026, the Company's gross margin was
Consolidated operating expenses during the third quarter of 2026 were
Income from operations for the third quarter of 2026 was
Total other loss was
During the third quarter of 2026, the Company had an effective tax rate of
Net income attributable to Gentex for the third quarter of 2026 was
Earnings per diluted share attributable to Gentex for the third quarter of 2026 were
Segment Revenue
Automotive
Automotive net sales were
Premium Audio
Net sales from the Premium Audio category were
Other Products
Net sales from the Other Products category were
Share Repurchases
During the third quarter of 2026, the Company repurchased 5.7 million shares of its common stock at an average price of
Future Estimates
The Company’s light vehicle production assumptions are based on the mid-October 2026 Mobility Global outlook. Global light vehicle production is forecast to decline approximately
| Light Vehicle Production (Mobility Global mid-Oct light vehicle production forecast) | ||||||||||||||||||
| (in Millions) | ||||||||||||||||||
| Region | Q4 2026 | Q4 2025 | % Change | Calendar Year 2027 | Calendar Year 2026 | Calendar Year 2025 | 2027 vs 2026 % Change | 2026 vs 2025 % Change | ||||||||||
| North America | 3.50 | 3.58 | (2 | ) | % | 15.10 | 14.99 | 15.27 | 1 | % | (2 | ) | % | |||||
| Europe | 4.28 | 4.34 | (1 | ) | % | 16.90 | 17.16 | 17.05 | (2 | ) | % | 1 | % | |||||
| Japan and Korea | 3.18 | 3.10 | 3 | % | 11.87 | 12.26 | 12.07 | (3 | ) | % | 2 | % | ||||||
| China | 8.98 | 9.79 | (8 | ) | % | 31.52 | 31.01 | 33.10 | 2 | % | (6 | ) | % | |||||
| Total Light Vehicle Production | 19.94 | 20.81 | (4 | ) | % | 75.39 | 75.42 | 77.49 | — | % | (3 | ) | % | |||||
Based on actual results for the first nine months of 2026, the updated Mobility Global light vehicle production forecast, and the Company’s expectations for its Automotive, Premium Audio, and Other Products categories, the Company is updating certain elements of its full-year 2026 guidance as set forth below. The updated guidance reflects the anticipated impact of all known tariffs effective as of October 23, 2026.
2026 Annual Guidance (as of October 23, 2026)
- Consolidated Revenue: Approximately
$2.65 billion (previously$2.65 –$2.75 billion ) - Gross Margin:
34.0% –34.5% (previously34.5% –35.5% ). The updated guidance includes an estimated$10 million to$15 million of incremental cost increases that are expected in the fourth quarter of 2026, with related recoveries not anticipated to be reimbursed until the first half of 2027. - Operating Expenses (excluding severance and impairments):
$395 –$410 million (previously$405 -$415 million ) - Tax Rate:
16% –16.5% (previously16% -17% ) - Capital Expenditures:
$100 –$115 million (previously$115 -$125 million ) - Depreciation & Amortization:
$100 –$105 million (previously$100 -$110 million )
2027 Revenue Guidance
Based on the mid-October 2026 Mobility Global light vehicle production forecast and the Company’s current expectations for Automotive, Premium Audio, and Other Products revenue, the Company is maintaining its 2027 revenue outlook of
Closing Remarks
“As we look ahead, we are increasingly confident in the growth opportunities in front of us,” said Downing. “We are beginning to see the impact of our broader product and growth strategy reflected in our forward-looking guidance. Despite a light vehicle production environment in our primary markets that is currently expected to decline approximately
Safe Harbor for Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The statements contained in this communication that are not purely historical are forward-looking statements. Forward-looking statements give the Company’s current expectations or forecasts of future events. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “believe,” “confident,” “could,” “estimate,” “expect,” “forecast,” “future,” “goal,” “guidance,” “hope,” “intend,” "likely", “may,” “opinion,” “optimistic,” “outlook,” “plan,” “poised,” “predict,” “project,” “should,” “strategy,” “target,” “will,” "work to," and variations of such words and similar expressions. Such statements are subject to risks and uncertainties that are often difficult to predict and beyond the Company’s control and could cause the Company’s results to differ materially from those described. These risks and uncertainties include, without limitation: changes in general industry or regional market conditions, including the impact of inflation; changes in consumer and customer preferences for our products (such as cameras replacing mirrors and/or autonomous driving); our ability to be awarded new business; continued uncertainty in pricing negotiations with customers and suppliers, including the ability to be reimbursed for increasing costs; loss of business from increased competition; changes in strategic relationships; customer bankruptcies or divestiture of customer brands; fluctuation in vehicle production schedules (including the impact of customer employee strikes); delays in program launches; changes in product mix; raw material and other supply shortages; labor shortages, supply chain constraints and disruptions; our dependence on information systems; higher raw material, fuel, energy and other costs; unfavorable fluctuations in currencies or interest rates in the regions in which we operate; costs or difficulties related to the integration and/or ability to maximize the value of any new or acquired technologies and businesses; changes in regulatory conditions; warranty and recall claims and other litigation and customer reactions thereto; possible adverse results of pending or future litigation or infringement claims; changes in tax laws; import and export duty and tariff rates and uncertainties in or with the countries with which we conduct business; negative impact of any governmental investigations and associated litigation, including securities litigation relating to the conduct of our business; our ability to successfully develop and commercialize new products and new markets (such as PCBA); and force majeure events. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made.
The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law or the rules of the NASDAQ Global Select Market. Accordingly, any forward-looking statement should be read in conjunction with the additional information about risks and uncertainties identified under the heading “Risk Factors” in the Company’s most recent Form 10-K and subsequent Form 10-Q filed with the SEC, which risks and uncertainties include tariffs and supply chain constraints that have affected, are affecting, and will continue to affect, general economic and industry conditions, customers, suppliers, and the regulatory environment in which the Company operates. Includes content supplied by Mobility Global Light Vehicle Production Forecast of October 15, 2026 (http://www.gentex.com/forecast-disclaimer).
Third Quarter Conference Call
A conference call related to this news release will be simulcast live on the Internet beginning at 9:30 a.m. ET today, October 23, 2026. Participants who wish to ask questions may register for the call at https://register-conf.media-server.com/register/BIf16d76cd30ef4ccb9104c3f057fb46e5. It is recommended that participants join 10 minutes prior to the event start, although they may register ahead of the call and dial in at any time during the call. Participants may listen to the call via audio streaming https://edge.media-server.com/mmc/p/xisihger. A webcast replay will be available approximately 24 hours after the conclusion of the call at https://ir.gentex.com/events-and-presentations/upcoming-past-events.
About the Company
Founded in 1974, Gentex Corporation (The NASDAQ Global Select Market: GNTX) is a leading supplier of digital vision, connected car, dimmable glass, fire protection technologies, and consumer electronics. Visit the Company’s web site at http://www.gentex.com.
Contact Information:
Gentex Investor & Media Contact
Josh O'Berski
616.931.3505
| GENTEX CORPORATION | |||||||||||||||||||||
| AUTOMOTIVE SALES BY REGION | |||||||||||||||||||||
| (Thousands) | |||||||||||||||||||||
| Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||
| Region | Q3 2026 | Q3 2025 | % Change | YTD 2026 | YTD 2025 | % Change | |||||||||||||||
| North America | $ | 263,279 | $ | 255,942 | 3 | % | $ | 781,212 | $ | 709,760 | 10 | % | |||||||||
| Europe+ | 126,624 | 126,798 | — | % | 419,508 | 423,080 | (1 | ) | % | ||||||||||||
| Japan/Korea | 129,005 | 140,126 | (8 | ) | % | 380,147 | 429,393 | (11 | ) | % | |||||||||||
| China | 22,072 | 39,107 | (44 | ) | % | 82,686 | 115,143 | (28 | ) | % | |||||||||||
| Rest of World | 11,541 | 11,686 | (1 | ) | % | 29,976 | 38,277 | (22 | ) | % | |||||||||||
| Total | $ | 552,521 | $ | 573,659 | (4 | ) | % | $ | 1,693,529 | $ | 1,715,653 | (1 | ) | % | |||||||
+VW’s European business represented an approximately
| GENTEX CORPORATION | ||||||||||||||||
| LIGHT VEHICLE PRODUCTION BY REGION | ||||||||||||||||
| (Thousands) | ||||||||||||||||
| Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
| Region | Q3 2026 | Q3 2025 | % Change | YTD 2026 | YTD 2025 | % Change | ||||||||||
| North America* | 3,785 | 3,970 | (5 | ) | % | 11,484 | 11,696 | (2 | ) | % | ||||||
| Europe* | 3,905 | 3,872 | 1 | % | 12,879 | 12,710 | 1 | % | ||||||||
| Japan/Korea* | 2,893 | 2,923 | (1 | ) | % | 9,074 | 8,993 | 1 | % | |||||||
| China | 7,875 | 8,366 | (6 | ) | % | 22,022 | 23,304 | (6 | ) | % | ||||||
| Rest of World | 4,274 | 3,966 | 8 | % | 12,325 | 11,577 | 6 | % | ||||||||
| Total | 22,732 | 23,097 | (2 | ) | % | 67,784 | 68,280 | (1 | ) | % | ||||||
| *Primary Markets | 10,583 | 10,765 | (2 | ) | % | 33,437 | 33,399 | — | % | |||||||
| GENTEX CORPORATION AND SUBSIDIARIES | ||||||||||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF INCOME | ||||||||||||||||
| (Unaudited) | (Unaudited) | |||||||||||||||
| Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||
| Net Sales | 647,709,651 | 655,236,055 | 1,974,452,482 | 1,889,867,355 | ||||||||||||
| Cost of Goods Sold | 431,378,974 | 430,069,318 | 1,288,497,162 | 1,247,676,128 | ||||||||||||
| Gross Profit | 216,330,677 | 225,166,737 | 685,955,320 | 642,191,227 | ||||||||||||
| Engineering, Research & Development | 51,568,685 | 52,634,707 | 152,480,305 | 150,030,348 | ||||||||||||
| Selling, General & Administrative | 45,925,812 | 49,686,902 | 145,755,108 | 128,135,262 | ||||||||||||
| Impairment Charges | 3,000,000 | — | 5,800,000 | — | ||||||||||||
| Severance Expense | 776,979 | 518,190 | 1,862,392 | 10,191,438 | ||||||||||||
| Operating Expenses | 101,271,476 | 102,839,799 | 305,897,805 | 288,357,048 | ||||||||||||
| Income from Operations | 115,059,201 | 122,326,938 | 380,057,515 | 353,834,179 | ||||||||||||
| Other Income/(Loss) | (7,842,477 | ) | (1,756,230 | ) | (17,964,539 | ) | (4,165,750 | ) | ||||||||
| Income (Loss) Before Income Taxes | 107,216,724 | 120,570,708 | 362,092,976 | 349,668,429 | ||||||||||||
| Income Tax Provision | 16,651,840 | 19,684,004 | 58,923,261 | 58,257,230 | ||||||||||||
| Net Income (Loss) | 90,564,884 | 100,886,704 | 303,169,715 | 291,411,199 | ||||||||||||
| Less: Net Income (Loss) attributable to non-controlling interest | — | (81,206 | ) | (539,730 | ) | (470,340 | ) | |||||||||
| Net Income (Loss) Attributable to Gentex Corporation | $ | 90,564,884 | $ | 100,967,910 | $ | 303,709,445 | $ | 291,881,539 | ||||||||
| Earnings Per Share Attributable to Gentex Corporation(1) | ||||||||||||||||
| Basic | $ | 0.43 | $ | 0.46 | $ | 1.44 | $ | 1.31 | ||||||||
| Diluted | $ | 0.43 | $ | 0.46 | $ | 1.44 | $ | 1.31 | ||||||||
| Cash Dividends Declared per Share | $ | 0.12 | $ | 0.12 | $ | 0.36 | $ | 0.36 | ||||||||
| (1) Earnings Per Share has been adjusted to exclude the portion of net income allocated to participating securities as a result of share-based payment awards. | ||||||||||||||||
| GENTEX CORPORATION AND SUBSIDIARIES | ||||||
| CONDENSED CONSOLIDATED BALANCE SHEETS | ||||||
| September 30, 2026 | December 31, 2025 | |||||
| (Unaudited) | (Note) | |||||
| ASSETS | ||||||
| Cash and Cash Equivalents | $ | 136,444,273 | $ | 145,645,715 | ||
| Short-Term Investments | 9,225,472 | 5,386,566 | ||||
| Accounts Receivable, net | 404,572,897 | 368,517,569 | ||||
| Inventories, net | 550,087,498 | 516,253,617 | ||||
| Other Current Assets | 80,554,516 | 92,631,001 | ||||
| Total Current Assets | 1,180,884,656 | 1,128,434,468 | ||||
| Plant and Equipment - Net | 775,713,271 | 790,935,378 | ||||
| Goodwill | 360,854,260 | 357,211,919 | ||||
| Long-Term Investments | 233,639,174 | 272,975,939 | ||||
| Intangible Assets, net | 180,793,694 | 189,341,387 | ||||
| Deferred Tax Asset | 118,557,294 | 108,338,592 | ||||
| Patents and Other Assets, net | 90,043,020 | 81,355,151 | ||||
| Total Other Assets | 983,887,442 | 1,009,222,988 | ||||
| Total Assets | $ | 2,940,485,369 | $ | 2,928,592,834 | ||
| LIABILITIES AND SHAREHOLDERS' INVESTMENT | ||||||
| Current Liabilities | $ | 404,425,501 | $ | 387,542,969 | ||
| Other Non-current Liabilities | 50,945,536 | 49,209,006 | ||||
| Deferred Income Taxes | 1,209,205 | 908,922 | ||||
| Redeemable Non-controlling Interest | — | 3,102,213 | ||||
| Shareholders' Investment | 2,483,905,127 | 2,487,829,724 | ||||
| Total Liabilities & Shareholders' Investment | $ | 2,940,485,369 | $ | 2,928,592,834 | ||
Note: The condensed consolidated balance sheet at December 31, 2025 has been derived from the audited consolidated financial statements at that date, but does not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements.
GENTEX CORPORATION AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP MEASURES
(Unaudited)
In this press release, the Company has provided information regarding certain non-GAAP financial measures, which are reconciled to their most directly comparable GAAP financial measure in the following schedules. Use of the term "adjusted" or "excluding" in connection with a financial measure identifies and reflects a non-GAAP financial measure.
Beginning in the first quarter of 2026, the Company revised its non-GAAP presentation to include Adjusted Other (Loss) Income. As a result, prior-period non-GAAP measures presented herein have been revised to conform to the current presentation. Management believes the revised presentation enhances period-over-period comparability and provides investors with a more consistent view of the Company's performance. These revisions affect only the presentation of non-GAAP financial measures and do not affect the Company's previously reported GAAP results.
Non-GAAP Financial Measures: The Company has presented Adjusted Operating Expenses, Adjusted Income from Operations, and Adjusted Other (Loss) Income as supplemental measures of the Company's performance. Current quarter Adjusted Operating Expenses, Adjusted Income from Operations, and Adjusted Other (Loss) Income exclude impairment charges, acquisition related costs, and severance costs, in each case as set forth in the table below.
| (Unaudited) | |||||||
| Three Months Ended September 30, | |||||||
| Consolidated 2026 | Consolidated 2025 | ||||||
| Operating Expenses - GAAP | $ | 101,271,476 | $ | 102,839,799 | |||
| Less: | |||||||
| Impairment Charge - Intangible Assets | 3,000,000 | — | |||||
| Acquisition Related Costs | — | 568,040 | |||||
| Severance Costs | 776,979 | 518,190 | |||||
| Adjusted Operating Expenses - (Non-GAAP) | $ | 97,494,497 | $ | 101,753,569 | |||
| Income from Operations - GAAP | $ | 115,059,201 | $ | 122,326,938 | |||
| Less: | |||||||
| Impairment Charge - Intangible Assets | 3,000,000 | — | |||||
| Acquisition Related Costs | — | 568,040 | |||||
| Severance Costs | 776,979 | 518,190 | |||||
| Adjusted Income from Operations - (Non-GAAP) | $ | 118,836,180 | $ | 123,413,168 | |||
| Other (Loss) Income - GAAP | $ | (7,842,477 | ) | $ | (1,756,230 | ) | |
| Less: | |||||||
| Impairment Charge - Technology Investment | (4,744,703 | ) | (2,194,148 | ) | |||
| Adjusted Other (Loss) Income - (Non-GAAP) | $ | (3,097,774 | ) | $ | 437,918 | ||
Adjusted Net Income and Adjusted Earnings per Share: Adjusted Net Income and Adjusted Earnings per Share are presented as supplemental measures of the Company's performance. Adjusted Net Income is defined as Net Income adjusted for impairment charges, acquisition related costs, and severance costs during the third quarter of 2026 and third quarter of 2025. Adjusted Earnings per Share is defined as Adjusted Net Income divided by weighted average diluted shares outstanding.
| (Unaudited) | |||||
| Three Months Ended September 30, | |||||
| 2026 Consolidated | 2025 Consolidated | ||||
| Net Income Attributable to Gentex Corporation - GAAP | $ | 90,564,884 | $ | 100,967,910 | |
| Impairment Charges - Intangible Assets, net of tax | 2,534,070 | — | |||
| Acquisition Related Costs, net of tax | — | 475,304 | |||
| Severance Costs, net of tax | 656,306 | 433,592 | |||
| Impairment Charges - Technology Investment, net of tax | 4,007,803 | 1,835,938 | |||
| Net Income (Loss) Attributable to Gentex Corporation - (Non-GAAP) | $ | 97,763,063 | $ | 103,712,744 | |
| Adjusted Earnings Per Share: | |||||
| Basic | $ | 0.47 | $ | 0.47 | |
| Diluted | $ | 0.47 | $ | 0.47 | |
The Company believes that the presentation of these non-GAAP financial measures provides insight into the Company's core performance and trends with respect to the same. Management of the Company similarly uses such non-GAAP financial measures in assessing the business internally.
This press release was published by a CLEAR® Verified individual.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were Gentex's GNTX third-quarter 2026 earnings and revenue?
Gentex reported $647.7 million in revenue and GAAP diluted earnings of $0.43 per share for Q3 2026. Revenue was $655.2 million and diluted earnings were $0.46 in Q3 2025. GAAP net income attributable to Gentex declined to $90.6 million from $101.0 million.
What is Gentex's updated 2026 guidance and 2027 revenue outlook?
Gentex expects approximately $2.65 billion in 2026 revenue and a 34.0%–34.5% gross margin, down from $2.65–$2.75 billion and 34.5%–35.5%, respectively. Its 2027 revenue outlook remains $2.80 billion–$2.90 billion, assuming approximately 1% lower vehicle production in its primary markets.