Why did Gentex Corporation (NASDAQ:GNTX) sales decline?

Gentex Corporation (NASDAQ:GNTX) sales declined 1% to $651.3 million because automotive revenue fell approximately 3%. Lower vehicle production and reduced mirror shipments outweighed growth in North America and non-automotive products.

What were Gentex Corporation’s (NASDAQ:GNTX) second-quarter earnings?

Gentex Corporation (NASDAQ:GNTX) reported net income of $114.7 million and GAAP diluted EPS of $0.54. Adjusted net income was $122.9 million, while adjusted diluted EPS reached $0.58.

How did Gentex Corporation (NASDAQ:GNTX) improve its gross margin?

Gentex Corporation (NASDAQ:GNTX) increased gross margin to 37.0% from 34.2%. The improvement included approximately $18 million of IEEPA tariff reimbursements and benefits from a more favourable product mix.

What is Gentex Corporation’s (NASDAQ:GNTX) 2026 guidance?

Gentex Corporation (NASDAQ:GNTX) expects 2026 revenue of $2.65–$2.75 billion and gross margin of 34.5%–35.5%. The company lowered its operating expense forecast to $405–$415 million and capital expenditure guidance to $115–$125 million.

How is Gentex Corporation (NASDAQ:GNTX) diversifying its revenue?

Gentex Corporation (NASDAQ:GNTX) is expanding premium audio, aerospace, medical, biometric and fire-protection products. Premium Audio sales rose 16% to $51.7 million, while Other Products revenue increased 12% to $39.4 million.

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Gentex sales dive 1% to $651.3m

Written by Isaac FrancisPublished Jul 24, 2026, 1:01 PM

Gentex reported second-quarter sales of $651.3 million, down 1% year over year.
Net income rose 19% to $114.7 million, while adjusted EPS reached $0.58.
Gentex maintained its 2026 revenue forecast and raised its gross-margin guidance.

Gentex (NASDAQ:GNTX) reported second-quarter sales of $651.3 million, down 1%, as automotive revenue weakened.

Net income rose 19% to $114.7 million, while diluted EPS increased 26% to $0.54.

Gross margin rose 280 basis points to 37%, helped by $18 million of tariff reimbursements and favourable product mix.

Gentex maintained 2026 revenue guidance at $2.65–$2.75 billion.

Elsewhere, automotive revenue fell to $560.1 million, while premium audio and other products represented about 14% of quarterly sales.

Gentex also repurchased 5.9 million shares for $137.6 million year-to-date while expanding HomeLink products and integrating VOXX technologies.

Gentex sales dive 1% to $651.3m

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