Gentherm's Q3 revenue crosses $400 million, up 4.7%

• Gentherm reported third-quarter 2026 product revenue of $405.1 million, up 4.7% year over year, including 4.4% growth excluding currency effects.
• Gentherm recorded a net loss of $2.6 million, compared with net income of $14.9 million a year earlier, while operating cash flow declined to $36 million.
• Gentherm raised its 2026 revenue guidance to $1.825 billion–$1.925 billion following the completion of its Modine Performance Technologies combination.

Gentherm (NASDAQ:THRM) reported third-quarter 2026 product revenue of $405.1 million, up 4.7%, while recording a net loss of $2.6 million.

Revenue increased from $386.9 million a year earlier, while diluted earnings fell to a loss of $0.08 per share from $0.49.

Gross margin declined to 23.3% from 24.6%, while adjusted EBITDA fell to $45 million and operating cash flow dropped to $36 million.

Gentherm raised its 2026 revenue outlook to $1.825 billion–$1.925 billion, incorporating the expected contribution from Modine Performance Technologies.

The company secured $555 million in automotive business awards and completed its Modine combination on October 1, expanding its thermal management operations.

Gentherm also acquired Innovative Medical Equipment in July and repurchased $60 million in shares after the Modine combination, leaving $340 million authorized.