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Gentex Corporation (GNTX) Q3 2026 Earnings Call October 23, 2026 9:30 AM EDT

Company Participants

Josh O'Berski - Vice President of Investor Relations
Steven Downing - President, CEO & Director
Kevin Nash - VP of Finance, CFO, Treasurer & Chief Accounting Officer
Neil Boehm - COO & CTO

Conference Call Participants

Joseph Spak - UBS Investment Bank, Research Division
Rajat Gupta - JPMorgan Chase & Co, Research Division
Davis Baker - Robert W. Baird & Co. Incorporated, Research Division
James Picariello - BNP Paribas, Research Division
Mark Delaney - Goldman Sachs Group, Inc., Research Division
Matthew Maus - B. Riley Securities, Inc., Research Division
David Whiston - Morningstar Inc., Research Division

Presentation

Operator

Good day, and thank you for standing by. Welcome to the Gentex Reports Third Quarter 2026 Financial Results. [Operator Instructions] Please be advised that today's call is being recorded.

I would now like to hand over to our first speaker, Josh O'Berski, Vice President of Investor Relations. Please go ahead.

Josh O'Berski
Vice President of Investor Relations

Good morning, and thank you for joining us today for our third quarter 2026 earnings conference call. I'm Josh O'Berski, Gentex's Vice President of Investor Relations. And with me today are Steve Downing, President and CEO; Neil Boehm, COO and CTO; and Kevin Nash, Vice President of Finance and CFO.

Please note that a replay of this conference call webcast, along with edited transcripts will be available following the call in the Investors section of our website at ir.gentex.com.

Many of the statements made during today's call are forward-looking and reflect our current expectations. These statements involve a number of risks and uncertainties, both known and unknown, including those described in our press release issued this morning and in our annual report on Form 10-K for the year ended December 31, 2025, as well as general economic conditions. Actual results may differ materially

Miso Robotics stock: Is an IPO coming soon?Gentex NASDAQ: GNTX reported third-quarter 2026 net sales of $647.7 million, down from $655.2 million a year earlier, as customer issues and delayed product launches caused revenue to fall about $35 million below the company’s beginning-of-quarter forecast.

Net income attributable to Gentex declined to $90.6 million from $101 million in the prior-year quarter, while diluted earnings per share fell to $0.43 from $0.46. On an adjusted basis, net income was $97.8 million, compared with $103.7 million a year earlier, while adjusted diluted EPS was unchanged at $0.47.

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Analysts Recommend These Stocks To Cushion The Automotive Slump“Automotive unit performance was generally in line with our expectations,” President and CEO Steve Downing said. “But revenue came in approximately $35 million below our beginning of quarter forecast due to certain customer issues and delayed launches.”

Automotive headwinds offset content gains
Automotive net sales were $552.5 million, compared with $573.7 million in the third quarter of 2025. The company cited discrete headwinds from lower business in China and the loss of a Volkswagen program. Excluding those items, automotive revenue increased about 2% despite a more than 2% decline in global light-vehicle production, according to management.

In North America, automotive revenue rose about 3% despite a 5% decline in regional light-vehicle production. In Europe, revenue excluding the Volkswagen program loss increased approximately 13%, aided by favorable product mix and higher electronic content per vehicle.

During the question-and-answer session, Downing said automotive unit shipments declined by roughly 1 million units year over year, with most of that reduction tied directly to China and the Volkswagen loss. He said growth in other regions and increased vehicle content helped offset those declines.

Management also pointed to launch timing and a Hyundai Kia labor strike as contributors to the quarterly revenue shortfall. Downing said the strike reduced Gentex production by an estimated 60,000 to 70,000 units during the quarter and disproportionately affected launches involving driver-monitoring systems, in-cabin monitoring systems and Full Display Mirror products.

Non-automotive revenue grows
Non-automotive revenue increased approximately 17% and represented 15% of total company revenue, up from 12% a year earlier. Premium audio revenue climbed 27% to $54.7 million, led by increased sales of home separates and systems products, including Reference Premiere speakers, Flexus products and other systems offerings.

Revenue from the company’s other products category rose 5% to $40.5 million. Aerospace revenue increased 135% and fire-protection revenue rose 36%, partly offset by lower aftermarket and accessory sales.

Chief Operating Officer and Chief Technology Officer Neil Boehm said advanced automotive features accounted for more than 80% of launches during the quarter. These included Full Display Mirror, in-cabin monitoring, HomeLink and advanced feature OEC mirrors.

Gentex remains on track to increase Full Display Mirror unit shipments by 200,000 to 400,000 units in 2026 from 2025 levels, Boehm said. The company also reiterated a target of $80 million to $100 million in 2027 revenue from driver-monitoring and in-cabin monitoring systems.

The company’s first Dimmable Visor program remains scheduled for fourth-quarter 2027 start of production. Gentex said it is working with other original equipment manufacturers on product design and testing in pursuit of additional awards. Its large-area device technology is also progressing toward a production-ready product, according to management.

Margins pressured by commodity and electronics costs
Third-quarter gross margin was 33.4%, down from 34.4% a year earlier. Gentex attributed the decline to higher precious-metals costs, unfavorable product mix and lower operating leverage stemming from sales that fell short of expectations.

Adjusted operating expenses declined to $97.5 million from $101.8 million, excluding impairment, acquisition-related and severance costs. Adjusted income from operations was $118.8 million, compared with $123.4 million in the prior-year period.

Downing said the company faces substantial cost pressure in certain electronic components, particularly DDR memory, as well as raw printed circuit boards. He said some component prices being quoted by suppliers were eight to 10 times higher than earlier in the year. Gentex expects to pursue customer reimbursement for electronics inflation while also redesigning products to reduce costs.

“The electronics piece is pretty cut and dry,” Downing said, referring to the recovery process. “It is just about timing of getting that back.” He added that precious-metals inflation can be more difficult to recover.

The company said it was generally secure on supply through year-end and for most requirements through the midpoint of 2027, though DDR memory and raw printed circuit boards remain areas of concern. Gentex has increased inventory holdings in part to secure components, management said.

Guidance updated; 2027 outlook maintained
Gentex updated its full-year 2026 outlook, now expecting consolidated revenue of approximately $2.65 billion. The company forecasts gross margin between 34% and 34.5%, including an estimated $10 million to $15 million of incremental fourth-quarter cost increases that it does not expect to recover until the first half of 2027.

Operating expenses, excluding severance and impairments: $395 million to $410 million
Effective tax rate: 16% to 16.5%
Capital expenditures: $100 million to $115 million
Depreciation and amortization: $100 million to $105 million

Despite lowering its 2026 revenue expectation, Gentex maintained its 2027 revenue outlook of $2.8 billion to $2.9 billion. That range represents 6% to 9% growth from the updated 2026 forecast, even as light-vehicle production in Gentex’s primary markets of North America, Europe and Japan/Korea is expected to decline about 1%.

The outlook is supported by anticipated growth in Full Display Mirror, driver-monitoring and in-cabin monitoring products, as well as an expected contribution from Alpine distribution following a deal announced by the company’s VOXX business, according to Downing.

Gentex also announced its first printed circuit board assembly, or PCBA, business award during the quarter. Downing said the award came from an existing automotive customer, is expected to begin production in 2029 and represents roughly $180 million in annualized revenue.

On capital allocation, Gentex repurchased 5.7 million shares during the third quarter for $132.6 million, at an average price of $23.44 per share. Through the first nine months of 2026, the company repurchased 11.6 million shares for $270.2 million. Approximately 24.3 million shares remained authorized for repurchase as of Sept. 30.

About Gentex (NASDAQ:GNTX)Gentex Corporation NASDAQ: GNTX is a technology manufacturer headquartered in Zeeland, Michigan. Founded in 1974, the company develops products primarily for the automotive industry, along with selected applications in the aerospace and fire-protection markets.

Gentex is best known for its automatic-dimming rearview and side-view mirrors, which use electrochromic technology to reduce glare. Its automotive product portfolio also includes camera-based driver-assistance systems, digital vision and sensing technologies, connected-car products, overhead console systems, and HomeLink universal garage-door and home-control systems.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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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 pointsGross margin of 33.4%Income from operations (GAAP) $115.1 million; adjusted income from operations (non-GAAP) $118.8 millionNet income attributable to Gentex (GAAP) $90.6 million; adjusted net income attributable to Gentex (non‑GAAP) $97.8 millionEarnings per diluted share attributable to Gentex (GAAP) $0.43; adjusted earnings per diluted share (non‑GAAP) $0.47Share repurchases: 5.7 million shares repurchased during the quarter for a total of $132.6 millionAwarded 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 $647.7 million, compared to net sales of $655.2 million in the third quarter of 2025. Automotive unit performance during the quarter was consistent with expectations; however, revenue for the quarter was approximately $35 million below the Company's forecast at the beginning of the quarter due to certain customer issues and delayed launches in the quarter. North American automotive revenue for the third quarter of 2026 increased approximately 3% compared to the third quarter of 2025 despite a 5% decline in regional light vehicle production. In Europe, automotive revenue performance produced a 13% year-over-year growth rate, apart from the Volkswagen program loss, which more than offset the growth in the rest of the region. Globally, automotive revenue performance achieved a 2% year over year growth apart from the previously announced headwinds in China and with VW. This performance occurred despite global light vehicle production declining by more than 2% year over year during the third quarter of 2026. Automotive revenue was driven from content growth across the Company’s primary automotive markets. In addition, revenue from the Company's other product categories grew meaningfully, led by a 27% year-over-year increase in Premium Audio revenue to $54.7 million, while Other Products, including Aerospace, Biometrics, Fire Protection, and Automotive Aftermarket, revenue collectively increased by 5% year over year.

“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 $35 million below our beginning-of-quarter forecast. Our results benefited from strong performance in North America through continued adoption of our advanced feature content, and from growth across our non-automotive product lines. In Europe, the continued rollout of DMS and ICMS products helped offset lower vehicle production and mirror unit shipments, which demonstrates the necessity and value of increasing content per vehicle. China remained a known headwind during the quarter, with previously discussed industry conditions continuing to pressure both unit shipments and revenue. Outside of automotive, our diversification strategy is gaining momentum, with non-automotive revenue increasing approximately 17% year over year and representing 15% of total Company revenue during the third quarter. In comparison, in the third quarter of 2025, non-automotive revenue was approximately 12% of total revenue.”

For the third quarter of 2026, the Company's gross margin was 33.4%, compared to a gross margin of 34.4% for the third quarter of 2025. The year-over-year change was primarily driven by higher precious metal costs and the impact of lower-than-anticipated sales, which resulted in unfavorable product mix and reduced operating leverage during the quarter. “While gross margin was below our expectations for the quarter, the underlying drivers were relatively concentrated. The higher precious metal costs which increased bill of material costs has been an ongoing headwind over the last few quarters as these commodity prices have increased significantly. And despite the impressive performance from the operations teams, the sales shortfall versus our beginning of quarter forecast reduced operating leverage for the quarter. We remain focused and confident in the Company’s ability to engineer solutions to help offset the inflationary cost environment that exists in a number of different commodity areas,” remarked Downing.

Consolidated operating expenses during the third quarter of 2026 were $101.3 million, compared to operating expenses of $102.8 million in the third quarter of 2025. On a non-GAAP basis, adjusted operating expenses were $97.5 million in the third quarter of 2026, compared to $101.8 million in the third quarter of 2025, when adjusted for certain impairment and severance expenses during each of the quarters. “The decrease in operating expenses on a GAAP and an adjusted basis reflects the Company’s continued focus on managing operating expenses as sales growth has moderated during 2026. Despite the decrease in operating expenses, our teams continue to execute on a significant number of launches and core R&D initiatives that are imperative for us to achieve our strategic growth initiatives,” said Gentex COO and CTO Neil Boehm. “As demonstrated during our Shareholder and Investor Day in August, the Company is making meaningful progress on the development and launch of our dimmable visor product, which is scheduled to launch late next year. The team also continues to move our large area device R&D project closer to a qualified product, with a volume manufacturing footprint that can scale to support the significant volume we are expecting from customers once the product is fully validated,” concluded Boehm. 

Income from operations for the third quarter of 2026 was $115.1 million, compared to income from operations of $122.3 million for the third quarter of 2025. On a non-GAAP basis, adjusted income from operations was $118.8 million in the third quarter of 2026, compared to $123.4 million in the third quarter of 2025.

Total other loss was $7.8 million during the third quarter of 2026, compared to other loss of $1.8 million in the third quarter of 2025. On a non-GAAP basis, adjusted other loss was $3.1 million in the third quarter of 2026, compared to other income of $0.4 million in the third quarter of 2025. The year-over-year change primarily reflects certain credit loss reserves and investment-related charges, partially offset by higher investment income and gains on asset and investment sales.

During the third quarter of 2026, the Company had an effective tax rate of 15.5%, compared to an effective tax rate of 16.3% during the third quarter of 2025. 

Net income attributable to Gentex for the third quarter of 2026 was $90.6 million, compared to $101.0 million in the third quarter of 2025. On a non-GAAP basis, adjusted net income attributable to Gentex was $97.8 million in the third quarter of 2026, compared to $103.7 million in the third quarter of 2025.

Earnings per diluted share attributable to Gentex for the third quarter of 2026 were $0.43, compared to earnings per diluted share of $0.46 for the third quarter of 2025. On a non-GAAP basis, adjusted earnings per diluted share were $0.47 for the third quarter of 2026, and for the third quarter of 2025.

Segment Revenue

Automotive
Automotive net sales were $552.5 million in the third quarter of 2026, compared to $573.7 million in the third quarter of 2025. Automotive revenue performance during the quarter reflected expected unit trends and strong content growth across the Company’s primary markets. Reported results included discrete headwinds in China and from the VW program loss. Excluding these items, automotive revenue increased approximately 2% quarter over quarter, led by significant North American market outgrowth and a 13% growth in Europe (excluding the VW program loss), supported by favorable product mix and increased electronic content per vehicle. 

Premium Audio
Net sales from the Premium Audio category were $54.7 million in the third quarter of 2026, compared to $43.0 million in the third quarter of 2025, an increase of approximately 27%.

Other Products
Net sales from the Other Products category were $40.5 million in the third quarter of 2026, which was a 5% increase compared to the third quarter of 2025. Growth was driven primarily by Aerospace and Fire Protection revenues, which increased 135% and 36%, respectively, but were partially offset by lower aftermarket and accessory sales.

Share Repurchases
During the third quarter of 2026, the Company repurchased 5.7 million shares of its common stock at an average price of $23.44 per share, for a total of $132.6 million. Year-to-date, the Company has repurchased 11.6 million shares for a total of $270.2 million, at an average price of $23.28 per share. As of September 30, 2026, the Company had approximately 24.3 million shares remaining available for repurchase under its previously announced share repurchase plan. The Company intends to continue to repurchase additional shares of its common stock in support of the previously disclosed capital allocation strategy, but share repurchases will vary from time to time and will take into account macroeconomic issues, market trends, and other factors that the Company deems appropriate.

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 4% in the fourth quarter of 2026 and approximately 2% for full-year 2026, compared with the respective prior-year periods. Global light vehicle production is expected to increase approximately 1% in 2027, compared to 2026; however, production in the Company’s primary automotive markets of North America, Europe, and Japan/Korea is forecasted to decline approximately 1%, with growth concentrated in China and other markets. Forecasted production volumes for the fourth quarter of 2026 and calendar years 2026 and 2027 are presented below.

Light Vehicle Production (Mobility Global mid-Oct light vehicle production forecast)(in Millions)RegionQ4
2026Q4
2025%
Change
 Calendar Year 2027Calendar Year 2026Calendar Year 2025 2027 vs 2026
%
Change
2026 vs 2025
%
ChangeNorth America3.503.58(2)% 15.1014.9915.27 1 %(2)%Europe4.284.34(1)% 16.9017.1617.05 (2)%1 %Japan and Korea3.183.103 % 11.8712.2612.07 (3)%2 %China8.989.79(8)% 31.5231.0133.10 2 %(6)%Total Light Vehicle Production19.9420.81(4)% 75.3975.4277.49 — %(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% (previously 34.5% – 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% (previously 16% - 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 $2.80 billion to $2.90 billion. This outlook assumes light vehicle production in the Company’s primary markets declines approximately 1% in 2027.

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 1% in 2027, we are maintaining our 2027 revenue outlook of $2.80 billion to $2.90 billion, which is a significant acceleration in outgrowth versus the underlying market. We believe the growing divergence between our revenue expectations and the underlying light vehicle production environment reflects the increasing contribution from new technology, higher content per vehicle, and our diversifying customer base. The progress we demonstrated at our Shareholder and Investor Day in August provides further evidence of how far several of these programs have advanced towards commercialization, including our interior visor program and the large area device product portfolio. Launches of our fourth-generation FDM are now in full swing, and our engineering teams continue to improve product design and cost while delivering some of the most advanced technology and features we have ever offered our customers. We are also pleased to announce that during the third quarter we secured our first PCBA business award, with production currently expected to begin in 2029. This award represents another important opportunity to leverage Gentex’s advanced manufacturing capabilities in new products and markets, and we are actively pursuing additional PCBA opportunities with anticipated production timelines beginning in or around the same period. While we remain optimistic regarding our future growth opportunities, we are actively managing the challenges developing across the supply chain. Significant demand for memory and other electronic components is creating supply constraints and cost pressure across much of the electronics industry. Additionally, precious metals pricing is increasingly volatile with many of the metals used in our core products experiencing significant cost increases over the last year. And while these cost headwinds are expected to continue into the fourth quarter, our teams are actively engaged with our customers to establish the need for appropriate reimbursement. Additionally, our engineering teams are committed to pursuing design changes and other cost-reduction opportunities to mitigate these pressures. We believe the combination of higher content, new product launches, diversification, and expansion into new markets is changing the growth profile of the Company. We are also convinced that achieving our growth objectives while we focus our internal efforts to offset the many cost pressures facing the industry can combine with our aggressive approach to share repurchases to create meaningful long-term shareholder value,” concluded Downing.

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 CORPORATIONAUTOMOTIVE SALES BY REGION(Thousands)   Three Months Ended September 30,Nine Months Ended September 30,Region Q3 2026 Q3 2025 % Change YTD 2026 YTD 2025 % ChangeNorth 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 $16.6 million quarter over quarter revenue headwind and a $37.5 million year to date revenue headwind during the third quarter.

GENTEX CORPORATIONLIGHT VEHICLE PRODUCTION BY REGION(Thousands)  Three Months Ended September 30,Nine Months Ended September 30,RegionQ3 2026 Q3 2025 % Change  YTD 2026 YTD 2025 % ChangeNorth 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 %China7,875 8,366 (6)% 22,022 23,304 (6)%Rest of World4,274 3,966 8 % 12,325 11,577 6 %Total22,732 23,097 (2)% 67,784 68,280 (1)%                *Primary Markets10,583 10,765 (2)% 33,437 33,399 — %                 GENTEX CORPORATION AND SUBSIDIARIESCONDENSED 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 $145,645,715Short-Term Investments  9,225,472  5,386,566Accounts Receivable, net  404,572,897  368,517,569Inventories, net  550,087,498  516,253,617Other Current Assets  80,554,516  92,631,001Total Current Assets  1,180,884,656  1,128,434,468     Plant and Equipment - Net  775,713,271  790,935,378     Goodwill  360,854,260  357,211,919Long-Term Investments  233,639,174  272,975,939Intangible Assets, net  180,793,694  189,341,387Deferred Tax Asset  118,557,294  108,338,592Patents and Other Assets, net  90,043,020  81,355,151Total 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 $387,542,969Other Non-current Liabilities  50,945,536  49,209,006Deferred Income Taxes  1,209,205  908,922Redeemable Non-controlling Interest  —  3,102,213Shareholders' Investment  2,483,905,127  2,487,829,724Total 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 2026Consolidated 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 Consolidated2025 Consolidated    Net Income Attributable to Gentex Corporation - GAAP $90,564,884$100,967,910Impairment Charges - Intangible Assets, net of tax  2,534,070 —Acquisition Related Costs, net of tax  — 475,304Severance Costs, net of tax  656,306 433,592Impairment Charges - Technology Investment, net of tax  4,007,803 1,835,938Net Income (Loss) Attributable to Gentex Corporation - (Non-GAAP) $97,763,063$103,712,744    Adjusted Earnings Per Share:   Basic $0.47$0.47Diluted $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.

Birch Hill Investment Advisors LLC decreased its holdings in shares of Gentex Corporation (NASDAQ:GNTX – Free Report) by 16.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,728 shares of the auto parts company’s stock after selling 24,000 shares during the quarter. Birch Hill Investment Advisors LLC owned about 0.06% of Gentex worth $2,712,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. XXEC Inc. acquired a new position in Gentex in the second quarter valued at approximately $7,705,220,000. BlackRock Inc. bought a new position in Gentex in the second quarter valued at approximately $550,287,000. Dimensional Fund Advisors LP boosted its stake in Gentex by 12.6% in the first quarter. Dimensional Fund Advisors LP now owns 7,463,299 shares of the auto parts company’s stock valued at $163,067,000 after acquiring an additional 833,919 shares during the last quarter. Caisse de depot et placement du Quebec bought a new position in Gentex in the second quarter valued at approximately $79,924,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Gentex by 21.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,995,044 shares of the auto parts company’s stock worth $65,442,000 after acquiring an additional 534,905 shares during the period. Institutional investors and hedge funds own 86.76% of the company’s stock.

Gentex Trading Down 0.5% Gentex stock opened at $21.01 on Friday. The firm has a market capitalization of $4.47 billion, a P/E ratio of 11.12 and a beta of 0.86. The business has a 50-day moving average of $22.52 and a 200-day moving average of $23.30. Gentex Corporation has a 1 year low of $20.48 and a 1 year high of $26.99.

Gentex (NASDAQ:GNTX – Get Free Report) last announced its quarterly earnings results on Friday, July 24th. The auto parts company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. Gentex had a net margin of 15.50% and a return on equity of 16.78%. The business had revenue of $651.30 million for the quarter, compared to the consensus estimate of $669.65 million. During the same period last year, the company posted $0.43 EPS. Gentex’s revenue for the quarter was down 1.0% on a year-over-year basis. Research analysts anticipate that Gentex Corporation will post 2.06 EPS for the current fiscal year. Gentex Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 21st. Shareholders of record on Wednesday, October 7th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, October 7th. Gentex’s dividend payout ratio is presently 25.40%.

Analyst Upgrades and Downgrades Several brokerages have commented on GNTX. Wall Street Zen cut shares of Gentex from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. The Goldman Sachs Group downgraded Gentex from a “neutral” rating to a “sell” rating and cut their price target for the company from $23.00 to $20.00 in a research note on Tuesday, October 6th. UBS Group reduced their price target on Gentex from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 7th. JPMorgan Chase & Co. reduced their price target on Gentex from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Monday, August 10th. Finally, Freedom Capital cut Gentex from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $25.20.

Check Out Our Latest Stock Report on GNTX

Gentex Company Profile (Free Report)

Gentex Corporation develops, manufactures and supplies technology products for the automotive, aerospace and fire-protection industries. The company is best known for its automatic-dimming rearview mirrors, which use electrochromic technology to reduce glare, as well as related interior and exterior vehicle electronics.

Gentex’s automotive portfolio also includes camera-based driver-assistance systems, connected-car technologies, vehicle lighting and sensing products, biometric and occupant-monitoring systems, and integrated electronic features designed to improve vehicle safety, comfort and convenience.

See Also Five stocks we like better than Gentex Rocket Lab’s Neutron Delay Leaves Wall Street Bullish But Raises the Stakes for 2027 ManpowerGroup Stock Sinks on Q3 Results, But Fundamentals Stay Solid Does the AI Selloff Put Alphabet’s Breakout in Doubt? Bank Earnings Are Mixed—These 2 ETFs Offer Very Different Paths to a Recovery Want to see what other hedge funds are holding GNTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gentex Corporation (NASDAQ:GNTX – Free Report).

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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.

Goldman Sachs analyst Mark Delaney downgraded Gentex Corp (NASDAQ:GNTX) from Neutral to Sell and cut the price target from $23 to $20. Gentex closed at $21.91 on Monday. See how other analysts view this stock. BTIG analyst Mark Massaro downgraded Personalis Inc (NASDAQ:PSNL) from Buy to Neutral. Personalis shares closed at $16.40 on Monday. See how other analysts view this stock. Piper Sandler analyst Paul Newsome downgraded Goosehead Insurance Inc (NASDAQ:GSHD) from Overweight to Neutral and slashed the price target from $72 to $48. Goosehead Insurance closed at $46.19 on Monday. See how other analysts view this stock. BMO Capital analyst Daniel Jester downgraded PTC Inc (NASDAQ:PTC) from Outperform to Market Perform and raised the price target from $164 to $205. PTC shares closed at $192.26 on Monday. See how other analysts view this stock. Rosenblatt analyst Kevin Cassidy downgraded Blaize Holdings Inc (NASDAQ:BZAI) from Buy to Neutral and cut the price target from $2 to $0.4. Blaize closed at $0.44 on Monday. See how other analysts view this stock. Considering buying GNTX stock? Here’s what analysts think:

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ZEELAND, Mich., Oct. 01, 2026 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, fire protection technologies and consumer electronics, is pleased to announce that it will release its third quarter 2026 financial results on Friday, October 23, before the market opens. The Company will host a conference call for the investment community at 9:30am ET to discuss the results.

The call will also be available to the general public via a live audio webcast. Participants who wish to ask questions may register for the call at the following URL to receive the dial-in numbers and unique PIN: 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. If you wish to join the call but do not plan to ask questions, you may join the listen-only webcast here: https://edge.media-server.com/mmc/p/xisihger.

A webcast replay will be available approximately 24 hours after the conclusion of the call at http://ir.gentex.com/events-and-presentations/upcoming-past-events.

Contact Information:
Gentex Investor Relations
616.931.3505

This press release was published by a CLEAR® Verified individual.

Public Employees Retirement System of Ohio bought a new position in shares of Gentex Corporation (NASDAQ:GNTX – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 60,669 shares of the auto parts company’s stock, valued at approximately $1,533,000.

Several other large investors have also added to or reduced their stakes in the company. Royal Bank of Canada raised its position in shares of Gentex by 33.1% during the 1st quarter. Royal Bank of Canada now owns 189,561 shares of the auto parts company’s stock valued at $4,418,000 after purchasing an additional 47,150 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Gentex by 1.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,321,634 shares of the auto parts company’s stock worth $30,794,000 after buying an additional 23,454 shares during the period. Empowered Funds LLC increased its stake in Gentex by 255.6% in the 1st quarter. Empowered Funds LLC now owns 81,142 shares of the auto parts company’s stock worth $1,891,000 after buying an additional 58,323 shares in the last quarter. Invesco Ltd. raised its holdings in Gentex by 8.0% during the second quarter. Invesco Ltd. now owns 813,163 shares of the auto parts company’s stock valued at $17,881,000 after acquiring an additional 60,127 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in Gentex by 2,038.4% during the second quarter. EverSource Wealth Advisors LLC now owns 4,512 shares of the auto parts company’s stock valued at $99,000 after acquiring an additional 4,301 shares during the period. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Analysts Set New Price Targets GNTX has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective on Gentex from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Monday, August 10th. Weiss Ratings raised Gentex from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. UBS Group reissued a “neutral” rating and issued a $25.00 price target (down from $26.00) on shares of Gentex in a report on Thursday, July 9th. Wall Street Zen downgraded Gentex from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, Freedom Capital downgraded Gentex from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. One analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Gentex has a consensus rating of “Hold” and a consensus price target of $26.80.

Check Out Our Latest Stock Report on Gentex Gentex Price Performance NASDAQ GNTX opened at $23.14 on Tuesday. Gentex Corporation has a 1-year low of $20.48 and a 1-year high of $29.38. The business has a 50 day simple moving average of $23.72 and a two-hundred day simple moving average of $23.39. The stock has a market capitalization of $4.93 billion, a PE ratio of 12.24 and a beta of 0.80.

Gentex (NASDAQ:GNTX – Get Free Report) last issued its quarterly earnings data on Friday, July 24th. The auto parts company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.08. The business had revenue of $651.30 million for the quarter, compared to analysts’ expectations of $669.65 million. Gentex had a return on equity of 16.78% and a net margin of 15.50%.The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. On average, analysts anticipate that Gentex Corporation will post 2.07 EPS for the current fiscal year.

Gentex Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Investors of record on Wednesday, October 7th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, October 7th. This represents a $0.48 dividend on an annualized basis and a yield of 2.1%. Gentex’s dividend payout ratio is presently 25.40%.

About Gentex (Free Report)

Gentex Corporation (NASDAQ: GNTX) is a global technology company specializing in the design and manufacture of automotive and aerospace products. The company’s primary business centers on automatic-dimming rearview mirrors, advanced driver-assistance systems (ADAS), and camera-based driver monitoring technologies. In the automotive sector, Gentex supplies exterior and interior mirrors with integrated electronics, connectivity features, and safety capabilities to many of the world’s leading original equipment manufacturers (OEMs).

Further Reading Five stocks we like better than Gentex 3 Under-the-Radar Defense Stocks With Record Backlogs This Korea ETF Has Soared, But the Rally May Not Be Over Why Guidewire’s Post-Earnings Plunge May Not Last Ride-Share Reckoning: Tesla Drives Into Uber’s Lane Want to see what other hedge funds are holding GNTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gentex Corporation (NASDAQ:GNTX – Free Report).

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Gentex Corporation (GNTX) Analyst/Investor Day August 27, 2026 8:30 AM EDT

Company Participants

Josh O'Berski - Vice President of Investor Relations
Steven Downing - President, CEO & Director
Kevin Nash - VP of Finance, CFO, Treasurer & Chief Accounting Officer
Neil Boehm - COO & CTO

Presentation

Josh O'Berski
Vice President of Investor Relations

All right. Thank you, everyone, for being here. My name is Josh O'Berski. I'm Gentex' Vice President of Investor Relations. I appreciate you all making the trek, and thanks for everyone on who's watching us as well. We -- just a quick couple of points of housekeeping. We are using the Q&A feature for the webcast. [Operator Instructions]

The other thing, and this is an apology for me. We had some AV issues this morning, and so we are running this presentation off with my computer. So if you see any messages pop up from my wife, you did not see them. If you see anything pop up on from my GC, you are now an accomplice in what you have seen and I apologize in advance for that. [indiscernible] With that said, thank you again for being here. We're going to have Steve kick off the presentation. There will be some tours later. If you do not have an itinerary, I've got them here. And if you need anything, just shoot me an e-mail or text.

Steven Downing
President, CEO & Director

Thanks, Josh. And if you feel off at any point, you need some privacy, let us know. Obviously, there's probably more important things than listening to us out there that you may need to deal with feel free to let us know. There's plenty of places we can get privacy. Once again, it is odd, like Josh understand about Josh and what he does for fun. But also, no one turned in scorecards for those of you who

Miso Robotics stock: Is an IPO coming soon?Gentex NASDAQ: GNTX outlined its strategy to expand vehicle content, build non-automotive revenue streams and pursue additional electronics manufacturing opportunities during an investor presentation led by President and CEO Steve Downing, CFO Kevin Nash and COO and CTO Neil Boehm.

Downing said the company believes its financial performance and product pipeline distinguish it from broader concerns surrounding the automotive sector. He cited first-half results including roughly $100 million in year-over-year sales growth, a 170-basis-point increase in gross margin, operating income of $265 million, net income of $213 million and earnings per share of $1.06, compared with $0.92 a year earlier. Gentex repurchased 5.9 million shares for about $137 million during the first half.

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Guidance and 2027 Growth Drivers Analysts Recommend These Stocks To Cushion The Automotive SlumpGentex maintained its 2026 revenue outlook of $2.65 billion to $2.75 billion, which Downing said had been raised by $50 million at both ends of the range earlier in the year. The company lowered its operating-expense, tax-rate and capital-expenditure guidance, while maintaining its depreciation and amortization outlook. Downing said lower capital spending reflects available capacity for core auto-dimming products rather than reduced investment in future growth technologies.

The company continues to target revenue of $2.8 billion to $2.9 billion in 2027. Downing said the bridge to that outlook includes approximately $50 million each from Full Display Mirror, driver-monitoring systems and other growth areas. Gentex expects some headwinds from program runoffs and lower base-mirror volumes, including business it chose not to pursue with Volkswagen because it did not see a path to profitability.

Downing said Gentex expects continued pressure in lower-cost European vehicle segments and in China, where the company sees domestic purchasing preferences limiting its opportunity. He said Gentex’s long-term planning assumes little, if any, China business, making any improvement there potential upside.

Technology Content as a Growth Strategy Management emphasized that Gentex is seeking to reduce its dependence on global light-vehicle production and base auto-dimming mirrors by increasing the technology content it sells per vehicle. Downing noted that global light-vehicle production was about 95 million units in 2017, when Gentex generated $1.8 billion in revenue, compared with an estimated 93 million vehicles in 2025 and approximately $2.5 billion in revenue.

Full Display Mirror remains a key contributor. Gentex shipped about 3.2 million units last year, launched on 17 new models in 2025 and is currently present on 22 brands and 140 nameplates, according to Downing. The company expects unit growth of 200,000 to 400,000 this year and a similar increase next year.

Driver-monitoring systems are projected to generate approximately $50 million to $60 million in 2026 revenue and $80 million to $100 million in 2027. Boehm said the technology has launched with Hyundai, Kia and BMW, and the company expects continued deployment across platforms as vehicle architectures support the feature.

Gentex also expects its first dimmable visor application to enter production at the end of 2027. Downing said a baseline visor could carry an average selling price of $100 to $150 per unit, while versions with an embedded polarized mirror could have higher pricing. The company believes the product could follow a growth profile comparable to Full Display Mirror.

For large-area dimmable devices, primarily automotive sunroofs, Gentex is working to commercialize an electrochromic film that can be integrated into plastic substrates. Downing said the company is nearing completion of the engineering and validation work needed for automotive deployment, though a customer launch has been delayed. Gentex estimates the market could support pricing of $100 to $300 per square meter of substrate.

VOXX, Consumer Products and Manufacturing Expansion Gentex acquired VOXX International in 2025 for approximately $196 million. Downing said the company’s initial objectives were to grow the business, improve profitability and ultimately generate $40 million to $50 million in annual EBIT. For the first year of ownership, Gentex reported VOXX revenue of $355 million and gross margin of 30.5%, compared with its prior target range of $325 million to $375 million in revenue and roughly 28% gross margin.

The company now expects VOXX revenue of $360 million to $380 million with gross margin of 33% to 34%. Downing said cost discipline and reductions in selling, general and administrative expenses have contributed to the improvement while Gentex has sought to preserve research and development spending.

Gentex sees strategic value in VOXX’s Premium Audio Company, which includes brands such as Klipsch, Onkyo and Integra. Management said the acquisition gives Gentex consumer distribution relationships that could support cross-selling of HomeLink smart-home products, connected fire-protection products and future technologies.

Non-automotive revenue accounted for 14% of Gentex revenue in the second quarter, its highest level to date, Boehm said. The company also highlighted aerospace, fire protection and biometric access-control businesses as areas for expansion.

In addition, Gentex plans to expand contract electronics manufacturing. The company already produces more than 40 million printed circuit boards annually and expects to announce its first new contract-manufacturing program during its third-quarter earnings call. Downing said the business could eventually generate $1 billion to $2 billion in revenue, although it would operate at lower gross margins than Gentex-designed products.

Margins, Capital Allocation and Long-Term Outlook Nash said second-quarter gross margin was 37%, including benefits from more than $38 million in refunds of previously paid IEEPA tariffs. Gentex faces continued cost pressures from tariffs, precious metals and electronics, though management said it is pursuing material reductions, alternative supply sources and customer recoveries.

The company expects quarterly gross margins to be uneven as cost increases arrive before customer reimbursements. Nash said Gentex continues to view the core business as capable of operating in a 34% to 35% gross-margin range, while future contract manufacturing would have lower margins but require less capital.

Gentex has returned more than $4.3 billion to shareholders through dividends and share repurchases over the past decade, according to Nash. The company has approximately 30 million shares remaining under its repurchase authorization and expects to use them over roughly the next two and a half years. Downing said management continues to evaluate dividend increases and possible accelerated repurchases, while preserving flexibility for strategic opportunities.

Looking further ahead, Downing said Gentex sees a potential path to $4.5 billion to $7 billion in revenue over a 10-year horizon across automotive technology, contract manufacturing, premium audio and other markets. The company’s stated goal is to reach a $10 billion enterprise value by 2032.

About Gentex (NASDAQ:GNTX)Gentex Corporation NASDAQ: GNTX is a global technology company specializing in the design and manufacture of automotive and aerospace products. The company's primary business centers on automatic-dimming rearview mirrors, advanced driver-assistance systems (ADAS), and camera-based driver monitoring technologies. In the automotive sector, Gentex supplies exterior and interior mirrors with integrated electronics, connectivity features, and safety capabilities to many of the world's leading original equipment manufacturers (OEMs).

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Posted by Defense World Staff on Aug 16th, 2026

Bank of America Corp DE raised its position in Gentex Corporation (NASDAQ:GNTX – Free Report) by 43.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,507,052 shares of the auto parts company’s stock after purchasing an additional 455,409 shares during the quarter. Bank of America Corp DE owned 0.71% of Gentex worth $32,929,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Edgestream Partners L.P. lifted its holdings in shares of Gentex by 523.6% during the first quarter. Edgestream Partners L.P. now owns 199,771 shares of the auto parts company’s stock worth $4,365,000 after purchasing an additional 167,736 shares during the period. South Dakota Investment Council increased its holdings in Gentex by 22.0% in the first quarter. South Dakota Investment Council now owns 421,137 shares of the auto parts company’s stock valued at $9,202,000 after purchasing an additional 75,996 shares during the period. Amundi acquired a new stake in Gentex in the first quarter valued at $601,000. Parvin Asset Management LLC raised its position in Gentex by 2.9% during the 1st quarter. Parvin Asset Management LLC now owns 44,720 shares of the auto parts company’s stock worth $977,000 after purchasing an additional 1,240 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Gentex by 69.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,142 shares of the auto parts company’s stock worth $69,000 after purchasing an additional 1,283 shares during the last quarter. 86.76% of the stock is owned by institutional investors and hedge funds.

Gentex Price Performance NASDAQ GNTX opened at $23.87 on Friday. The stock has a market capitalization of $5.08 billion, a P/E ratio of 12.63 and a beta of 0.79. The business has a 50 day simple moving average of $24.43 and a 200 day simple moving average of $23.50. Gentex Corporation has a one year low of $20.48 and a one year high of $29.38.

Gentex (NASDAQ:GNTX – Get Free Report) last issued its quarterly earnings results on Friday, July 24th. The auto parts company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.08. The firm had revenue of $651.30 million for the quarter, compared to analyst estimates of $669.65 million. Gentex had a return on equity of 16.78% and a net margin of 15.50%.The company’s revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 earnings per share. Equities analysts expect that Gentex Corporation will post 2.04 earnings per share for the current year.

Gentex Announces Dividend The business also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, July 8th. This represents a $0.48 annualized dividend and a yield of 2.0%. Gentex’s dividend payout ratio is currently 25.40%.

Wall Street Analyst Weigh In A number of equities research analysts have commented on the company. B. Riley Financial reiterated a “buy” rating and issued a $29.00 price target (up from $28.00) on shares of Gentex in a research report on Monday, April 27th. JPMorgan Chase & Co. lowered their price objective on Gentex from $28.00 to $27.00 and set a “neutral” rating for the company in a research report on Monday, August 10th. UBS Group reaffirmed a “neutral” rating and issued a $25.00 price objective (down from $26.00) on shares of Gentex in a research note on Thursday, July 9th. Robert W. Baird upped their target price on Gentex from $25.00 to $26.00 and gave the company a “neutral” rating in a report on Monday, April 27th. Finally, Weiss Ratings raised shares of Gentex from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Gentex presently has a consensus rating of “Hold” and a consensus target price of $26.80.

View Our Latest Analysis on Gentex

More Gentex News Here are the key news stories impacting Gentex this week:

Positive Sentiment: Zacks raised its FY2026 EPS forecast to $1.99 from $1.91, reflecting higher estimates for both the third quarter, now $0.51 versus $0.49, and fourth quarter, now $0.48 versus $0.47. The improvement provides a positive signal for Gentex’s near-term earnings outlook. Positive Sentiment: The firm also lifted its FY2027 EPS forecast to $2.15 from $2.13, with the third-quarter estimate increasing to $0.60 from $0.55 and the fourth-quarter estimate rising to $0.53 from $0.49. Positive Sentiment: Gentex’s current-year outlook remains close to the broader analyst consensus of $2.02 per share. The company’s relatively low P/E ratio of about 12.6 may also make the stock more responsive to signs of improving earnings expectations. Neutral Sentiment: The revisions were not uniformly positive. Zacks increased its Q2 2028 EPS forecast to $0.69 from $0.67, but maintained its FY2028 forecast at $2.56 after separately lowering it from $2.60, indicating modestly softer long-term expectations. Negative Sentiment: Estimates for Q1 2027 were reduced to $0.48 from $0.51, Q2 2027 to $0.54 from $0.57, and Q1 2028 to $0.57 from $0.62. These cuts could limit the stock’s upside by raising concerns about uneven growth in some future periods. Gentex Company Profile (Free Report)

Gentex Corporation (NASDAQ: GNTX) is a global technology company specializing in the design and manufacture of automotive and aerospace products. The company’s primary business centers on automatic-dimming rearview mirrors, advanced driver-assistance systems (ADAS), and camera-based driver monitoring technologies. In the automotive sector, Gentex supplies exterior and interior mirrors with integrated electronics, connectivity features, and safety capabilities to many of the world’s leading original equipment manufacturers (OEMs).

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Stock to Watch: Gentex (GNTX - Free Report) Gentex Corporation, based in Zeeland, MI, supplies automatic-dimming rear-view mirrors and electronics to the automotive industry. It also sells fire protection products and dimmable aircraft windows, and has expanded into premium audio and other consumer electronics through acquisitions.

GNTX is a #2 (Buy) on the Zacks Rank, with a VGM Score of A.

Momentum investors should take note of this Auto-Tires-Trucks stock. GNTX has a Momentum Style Score of B, and shares are up 0.3% over the past four weeks.

For fiscal 2026, one analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.03 to $1.99 per share. GNTX boasts an average earnings surprise of +5.7%.

With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, GNTX should be on investors' short list.

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of GNTX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Key Takeaways Gentex's Q2 earnings rose 16% and beat estimates, while revenues fell 1% and missed expectations.Favorable mix, cost control and tariff reimbursements lifted gross margin 280 basis points to 37%.Gentex raised its 2026 gross margin outlook and reported a 20% increase in free cash flow. Gentex Corporation (GNTX - Free Report) reported second-quarter 2026 adjusted earnings of 58 cents per share, beating the Zacks Consensus Estimate of 50 cents by 16%. Earnings rose 16% from the year-ago quarter. Revenues, however, declined 1% year over year to $651.3 million and missed the consensus mark of $669 million by 2.6%.

Profitability stemmed from favorable product mix, disciplined cost management and tariff reimbursements. Non-automotive revenues accounted for about 14% of quarterly sales, helping offset weaker automotive demand and lower mirror shipments.

Gentex's Segmental PerformanceAutomotive net sales fell to $560.1 million from $578.1 million a year earlier. The decline reflected lower light-vehicle production and reduced shipments of base auto-dimming mirrors. Strength in North America, new technology launches and higher content per vehicle partly cushioned the pressure.

Total auto-dimming mirror shipments decreased 10% year over year to 10.4 million units. North American mirror shipments rose 6%, supported by gains in both interior and exterior products. However, international shipments declined 18%, including a 26% drop in international interior mirrors. China revenues fell about 20% amid tariff-related market disruptions.

Premium Audio revenues increased 16% year over year to $51.7 million. Growth was driven by the Powered Systems and Onkyo brands, supported by new product launches and continued demand across premium audio categories.

Other Products revenues rose 12% to $39.4 million. Aerospace products, biometric solutions and accessories supported the improvement, while automotive aftermarket sales remained a partial offset. The gains demonstrated Gentex’s progress in reducing its reliance on the traditional automotive mirror business.

Gentex's Gross Margin ExpandsGross margin increased 280 basis points year over year to 37%. The company recorded an approximately $18 million benefit from IEEPA tariff reimbursements that lowered the cost of goods sold. Favorable product mix also helped, partly offset by higher commodity costs and reduced sales volumes.

Adjusted operating expenses totaled $99.3 million, up from $97.5 million. Adjusted operating income advanced to $141.7 million from $130.3 million, while adjusted net income attributable to Gentex increased to $122.9 million from $110.9 million. Margins improved sequentially even after excluding the tariff benefit.

GNTX Generates Stronger Free Cash FlowPreliminary operating cash flow increased to $180.9 million from $166.1 million in the prior-year quarter. Capital expenditures declined to $19.2 million from $31.1 million, helping free cash flow climb 20% to $161.7 million.

Cash and cash equivalents totaled $233.4 million as of June 30, 2026, compared with $145.6 million at the end of 2025. Gentex repurchased 2.7 million shares for $66 million during the quarter. Year-to-date repurchases totaled 5.9 million shares for $137.6 million.

Gentex Lifts 2026 Gross Margin TargetGentex maintained its 2026 revenue guidance of $2.65-$2.75 billion. However, the company raised its gross margin outlook to 34.5%-35.5% from 34%-35%, reflecting stronger operating execution and the tariff-related benefit.

The company lowered its operating expense forecast to $405-$415 million from $410-$420 million. It also reduced its projected tax rate to 16%-17% and capital expenditure guidance to $115-$125 million. The 2027 revenue forecast was reaffirmed at $2.8-$2.9 billion.

GNTX Advances New Technology ProgramsGentex continued expanding its Full Display Mirror portfolio, with new launches on vehicles from Jeep, Infiniti, McLaren, Toyota and Subaru. Driver and in-cabin monitoring systems also began shipping on new BMW and Kia programs. Management expects these products to contribute more meaningfully during the second half of 2026.

The company is establishing a manufacturing facility in Morocco to support European customers, with production targeted for 2028. Gentex also expects to secure its first advanced electronics contract-manufacturing award, potentially representing a $100-$200 million revenue opportunity, with production planned for late 2028 or early 2029.

Gentex currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Key Releases From the Auto SpaceGeneral Motors (GM - Free Report) reported second-quarter 2026 adjusted earnings of $3.57 per share, up 41.3% year over year. The figure beat the Zacks Consensus Estimate of $3.13 by 14.06%. Revenues increased 1.9% to $48.03 billion and surpassed the consensus estimate of $46.56 billion by 3.15%. Strong pricing, lower costs and disciplined incentives supported results. General Motors raised its full-year adjusted EBIT guidance to $14-$16 billion from $13.5-$15.5 billion. Adjusted earnings are now projected at $12-$14 per share, up from the prior range of $11.50-$13.50.

Tesla (TSLA - Free Report) reported second-quarter 2026 adjusted earnings of 33 cents per share, which declined 17.5% year over year. The figure missed the Zacks Consensus Estimate of 50 cents by 34%. Revenues advanced 25.5% to $28.24 billion and surpassed the consensus estimate of $25.81 billion by 9.41%. Tesla expects 2026 capital expenditures to exceed $25 billion and rise further over the next two to three years. 

Genuine Parts (GPC - Free Report) reported second-quarter 2026 adjusted earnings of $2.15 per share, beating the Zacks Consensus Estimate of $2.10 by 2.38%. The bottom line increased 2.4% from $2.10 in the year-ago quarter. Revenues rose 6% year over year to $6.54 billion and surpassed the consensus estimate of $6.39 billion by 2.36%. Genuine Parts reaffirmed its 2026 adjusted earnings guidance of $7.50-$8 per share and total sales growth outlook of 3-5.5%. Genuine Parts ended June with $2.3 billion of liquidity, including $559 million in cash.

Posted by Defense World Staff on Jul 26th, 2026

Dimensional Fund Advisors LP increased its position in Gentex Corporation (NASDAQ:GNTX – Free Report) by 12.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,463,299 shares of the auto parts company’s stock after acquiring an additional 833,919 shares during the quarter. Dimensional Fund Advisors LP owned about 3.49% of Gentex worth $163,067,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GNTX. Bank of Montreal Can lifted its holdings in Gentex by 14,398.7% during the fourth quarter. Bank of Montreal Can now owns 7,726,057 shares of the auto parts company’s stock valued at $179,785,000 after purchasing an additional 7,672,769 shares in the last quarter. Caisse de depot et placement du Quebec increased its stake in shares of Gentex by 297.0% in the fourth quarter. Caisse de depot et placement du Quebec now owns 3,144,881 shares of the auto parts company’s stock worth $73,181,000 after purchasing an additional 2,352,668 shares in the last quarter. Norges Bank bought a new stake in shares of Gentex during the 4th quarter valued at $52,767,000. Wellington Management Group LLP raised its position in shares of Gentex by 10.3% during the 3rd quarter. Wellington Management Group LLP now owns 14,828,120 shares of the auto parts company’s stock valued at $419,636,000 after purchasing an additional 1,383,203 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Gentex by 118.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,460,139 shares of the auto parts company’s stock valued at $57,247,000 after buying an additional 1,331,998 shares in the last quarter. Institutional investors own 86.76% of the company’s stock.

More Gentex News Here are the key news stories impacting Gentex this week:

Positive Sentiment: Gentex reported quarterly EPS of $0.58, above the $0.50 consensus estimate, showing stronger-than-expected profitability. Gentex Tops Q2 Earnings Estimates Positive Sentiment: The company reaffirmed its FY2026 and FY2027 outlook and guided revenue above consensus ranges, which suggests management remains confident in longer-term demand. Gentex Warns China Sales Will Keep Falling Through 2027 Neutral Sentiment: Gentex’s earnings call transcript and earnings snapshots should provide more detail on margin trends, vehicle production assumptions, and management’s commentary, but they are not direct catalysts by themselves. Gentex Corporation Q2 2026 Earnings Call Transcript Negative Sentiment: Revenue came in below expectations at $651.3 million versus $669.65 million expected, and the company said China sales are likely to keep declining through 2027, raising concerns about growth. Gentex falls after Q2 revenue miss amid auto sales weakness Negative Sentiment: Broader auto-sales weakness and the revenue miss point to softer end-market demand, which is likely pressuring the stock despite the EPS beat. Gentex Price Performance NASDAQ:GNTX opened at $22.90 on Friday. The company has a market cap of $4.88 billion, a price-to-earnings ratio of 12.12 and a beta of 0.78. Gentex Corporation has a 1 year low of $20.48 and a 1 year high of $29.38. The stock’s 50 day simple moving average is $24.49 and its two-hundred day simple moving average is $23.53.

Gentex (NASDAQ:GNTX – Get Free Report) last posted its earnings results on Friday, July 24th. The auto parts company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. Gentex had a return on equity of 16.27% and a net margin of 14.75%.The firm had revenue of $651.30 million during the quarter, compared to the consensus estimate of $669.65 million. During the same period in the prior year, the company earned $0.43 EPS. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. As a group, analysts anticipate that Gentex Corporation will post 1.97 EPS for the current year.

Gentex Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th were given a dividend of $0.12 per share. The ex-dividend date was Wednesday, July 8th. This represents a $0.48 annualized dividend and a yield of 2.1%. Gentex’s dividend payout ratio (DPR) is 25.40%.

Insider Buying and Selling at Gentex In other Gentex news, Director Joseph B. Anderson, Jr. sold 5,939 shares of Gentex stock in a transaction on Friday, May 15th. The shares were sold at an average price of $22.98, for a total value of $136,478.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brian C. Walker sold 5,939 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $22.98, for a total transaction of $136,478.22. Following the completion of the sale, the director owned 24,205 shares in the company, valued at approximately $556,230.90. This trade represents a 19.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 16,693 shares of company stock worth $385,194 over the last 90 days. 0.55% of the stock is owned by insiders.

Wall Street Analyst Weigh In GNTX has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their target price on shares of Gentex from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. UBS Group restated a “neutral” rating and issued a $25.00 price objective (down from $26.00) on shares of Gentex in a research report on Thursday, July 9th. Wall Street Zen downgraded Gentex from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings raised Gentex from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Finally, B. Riley Financial reiterated a “buy” rating and set a $29.00 target price (up from $28.00) on shares of Gentex in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Gentex currently has an average rating of “Hold” and a consensus target price of $27.00.

Read Our Latest Analysis on Gentex

About Gentex (Free Report)

Gentex Corporation (NASDAQ: GNTX) is a global technology company specializing in the design and manufacture of automotive and aerospace products. The company’s primary business centers on automatic-dimming rearview mirrors, advanced driver-assistance systems (ADAS), and camera-based driver monitoring technologies. In the automotive sector, Gentex supplies exterior and interior mirrors with integrated electronics, connectivity features, and safety capabilities to many of the world’s leading original equipment manufacturers (OEMs).

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Gentex (GNTX - Free Report) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.5 per share. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +16.00%. A quarter ago, it was expected that this maker of automatic-dimming rearview mirrors and other products would post earnings of $0.44 per share when it actually produced earnings of $0.48, delivering a surprise of +9.09%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

Gentex, which belongs to the Zacks Automotive - Original Equipment industry, posted revenues of $651.3 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 2.64%. This compares to year-ago revenues of $657.86 million. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Gentex shares have added about 2.3% since the beginning of the year versus the S&P 500's gain of 8.2%.

What's Next for Gentex?While Gentex has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Gentex was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.50 on $668.26 million in revenues for the coming quarter and $1.97 on $2.68 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Automotive - Original Equipment is currently in the bottom 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, EVgo Inc. (EVGO - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 5.

This company is expected to post quarterly loss of $0.20 per share in its upcoming report, which represents a year-over-year change of -100%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

EVgo Inc.'s revenues are expected to be $81.78 million, down 16.6% from the year-ago quarter.

Gentex (GNTX - Free Report) reported $651.3 million in revenue for the quarter ended June 2026, representing a year-over-year decline of 1%. EPS of $0.58 for the same period compares to $0.47 a year ago.

The reported revenue represents a surprise of -2.64% over the Zacks Consensus Estimate of $668.96 million. With the consensus EPS estimate being $0.50, the EPS surprise was +16%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Gentex performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Auto-Dimming Mirror Shipments - Total Interior Mirrors: 6.28 million versus the two-analyst average estimate of 7.1 million.Auto-Dimming Mirror Shipments - Total Exterior Mirrors: 4.14 million versus 3.97 million estimated by two analysts on average.Auto-Dimming Mirror Shipments - Total Auto-Dimming Mirror Units: 10.42 million versus 11.06 million estimated by two analysts on average.Auto-Dimming Mirror Shipments - Total North American Mirror Units: 3.98 million compared to the 3.71 million average estimate based on two analysts.Auto-Dimming Mirror Shipments - International Exterior Mirrors: 2.51 million compared to the 2.44 million average estimate based on two analysts.Auto-Dimming Mirror Shipments - North American Exterior Mirrors: 1.63 million compared to the 1.52 million average estimate based on two analysts.Auto-Dimming Mirror Shipments - Total International Mirror Units: 6.44 million compared to the 7.35 million average estimate based on two analysts.Auto-Dimming Mirror Shipments - International Interior Mirrors: 3.93 million compared to the 4.91 million average estimate based on two analysts.Auto-Dimming Mirror Shipments - North American Interior Mirrors: 2.35 million versus 2.19 million estimated by two analysts on average.Revenue- Automotive Products: $560.1 million versus the two-analyst average estimate of $581.05 million. The reported number represents a year-over-year change of -1.1%.View all Key Company Metrics for Gentex here>>>

Shares of Gentex have returned -7.6% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

ZEELAND, Mich., July 24, 2026 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass, fire protection technologies, medical devices, and consumer electronics, today reported financial results for the three and six months ended June 30, 2026.

Gentex (GNTX - Free Report) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.

A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.

Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.

Therefore, the Zacks rating upgrade for Gentex basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.

Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.

Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Gentex imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.

Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .

Earnings Estimate Revisions for GentexFor the fiscal year ending December 2026, this maker of automatic-dimming rearview mirrors and other products is expected to earn $1.97 per share, which is unchanged compared with the year-ago reported number.

Analysts have been steadily raising their estimates for Gentex. Over the past three months, the Zacks Consensus Estimate for the company has increased 1.9%.

Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of Gentex to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.

Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.

In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.

One company to watch right now is Gentex (GNTX - Free Report) . GNTX is currently sporting a Zacks Rank #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 15.03 right now. For comparison, its industry sports an average P/E of 18.63. Over the past 52 weeks, GNTX's Forward P/E has been as high as 15.46 and as low as 10.60, with a median of 13.03.

Another valuation metric that we should highlight is GNTX's P/B ratio of 2.59. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. GNTX's current P/B looks attractive when compared to its industry's average P/B of 4.19. Over the past year, GNTX's P/B has been as high as 2.97 and as low as 1.89, with a median of 2.41.

If you're looking for another solid Automotive - Original Equipment value stock, take a look at Visteon (VC - Free Report) . VC is a Zacks Rank of #2 (Buy) stock with a Value score of A.

Visteon is currently trading with a Forward P/E ratio of 13.69 while its PEG ratio sits at 2.73. Both of the company's metrics compare favorably to its industry's average P/E of 18.63 and average PEG ratio of 0.97.

Over the past year, VC's P/E has been as high as 14.33, as low as 8.02, with a median of 10.34; its PEG ratio has been as high as 4.75, as low as 0.35, with a median of 0.40 during the same time period.

Visteon also has a P/B ratio of 2.27 compared to its industry's price-to-book ratio of 4.19. Over the past year, its P/B ratio has been as high as 2.34, as low as 1.31, with a median of 1.87.

These are only a few of the key metrics included in Gentex and Visteon strong Value grade, but they help show that the stocks are likely undervalued right now. When factoring in the strength of its earnings outlook, GNTX and VC look like an impressive value stock at the moment.

ZEELAND, Mich., June 30, 2026 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, fire protection technologies and consumer electronics, is pleased to announce that it will release its second quarter 2026 financial results on Friday, July 24, 2026, before the market opens. The Company will host a conference call for the investment community at 9:30am ET to discuss the results.

The call will also be available to the general public via a live audio webcast. Participants who wish to ask questions may register for the call at the following URL to receive the dial-in numbers and unique PIN: https://register-conf.media-server.com/register/BI04159734f80b4251b4b548ae7f443098. 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. If you wish to join the call but do not plan to ask questions, you may join the listen-only webcast here: https://edge.media-server.com/mmc/p/wmvxyyhw.

A webcast replay will be available approximately 24 hours after the conclusion of the call at http://ir.gentex.com/events-and-presentations/upcoming-past-events.

Contact Information:
Gentex Investor Relations
616.931.3505

This press release was published by a CLEAR® Verified individual.

ZEELAND, Mich. and STEINHAGEN, Germany, June 24, 2026 (GLOBE NEWSWIRE) -- Gentex Corporation and Hörmann today announced a strategic agreement to integrate Hörmann’s connected garage door opener technology into HomeLink, the automotive industry’s leading car-to-home automation system.

The partnership will enable Gentex customers across Europe to control compatible Hörmann garage door systems via HomeLink, securely triggering garage door open/close commands from the HomeLink app or directly from a connected vehicle through the HomeLink cloud.

HomeLink is the automotive industry’s most trusted and comprehensive car-to-home automation system. The latest version utilizes radio frequency, Long-Range Bluetooth®, and cloud-based technologies to activate garage doors, gates, lights, and other smart home devices directly from the vehicle. HomeLink is available on nearly 300 vehicle models from over 50 automaker brands, with approximately 110 million units currently in operation worldwide.

Hörmann, Europe’s leading provider of gates, doors, door frames, operators, access control systems, and storage solutions, offers a wide range of connected operator solutions that allow users to conveniently monitor and control their access points via smartphone apps. Through this integration, Hörmann customers will gain seamless in-vehicle control and expanded remote access capabilities via the HomeLink ecosystem.

“This partnership represents an important step in expanding connected vehicle-to-home experiences across Europe,” said Thorsten Lünstroth, Head of Product Management at Hörmann. “By integrating with HomeLink, we are enabling our customers to enjoy more convenient, secure, and intelligent access to their homes directly from their vehicles.”

“It’s exciting to expand HomeLink’s cloud-based garage door control capabilities through our partnership with Hörmann,” said Neil Boehm, chief technology officer and chief operating officer at Gentex. “Hörmann is a highly respected brand in the European access solutions market, and this collaboration strengthens HomeLink’s position as the most versatile and comprehensive car-to-home automation system — capable of supporting leading smart home technologies around the world.”

The integration will support remote monitoring, secure activation, and enhanced user convenience, while maintaining the reliability and performance expected from both companies’ technologies. This collaboration further advances Gentex’s strategy to expand HomeLink’s global ecosystem through partnerships with leading smart home and access control providers.

About Hörmann
The Hörmann Group is Europe’s leading manufacturer of gates and doors. At over 40 highly specialized plants in Europe, North America, and Asia, more than 6,000 employees develop and manufacture high-quality gates, doors, frames, operators, access control systems, and storage solutions for use in residential and commercial properties.

The global Hörmann Group is headquartered in the East Westphalian town of Steinhagen near Bielefeld. The family-run company most recently reported annual revenue of more than 1 billion euros. For more information, visit www.hoermann.com.

About Gentex
Founded in 1974, Gentex Corporation (NASDAQ: GNTX) is a technology company that leverages its core competencies, strategic partnerships, acquisitions, and ongoing research to create market-leading positions in a variety of verticals. You can view some of the Company’s latest technology at www.gentex.com.

Gentex Media Contact
Craig Piersma
(616) 772-1590 x4316
[email protected]

Hoermann – Media Contact
Verena Lambers
Phone: +49 5204 915-282
E-Mail: [email protected]

This press release was published by a CLEAR® Verified individual.

Boyd Awarded for Excellence in Innovation, Quality, Delivery Support, and Customer Dedication

BOCA RATON, Fla.--(BUSINESS WIRE)--Boyd, a leader in engineered materials that seal, shield, insulate and protect innovative applications, today announced it was awarded Supplier of the Year by Gentex Corporation for the second consecutive year. This back-to-back recognition reflects Boyd’s continued excellence across innovation, quality, and delivery, and its strong dedication to Gentex throughout 2025.

Boyd awarded for outstanding performance by Gentex as 2025 Supplier of the Year for innovation, quality, and delivery support excellence.

Share “Earning this recognition two years in a row is a testament to the consistency, resilience, and customer-first mindset of our global team,” said Kevin Kettler, Boyd President. “We are proud to strengthen our partnership with Gentex by delivering high-performance solutions that enable their next-generation vision and safety technologies.”

“We value partners who consistently raise the bar,” said Craig Piersma, Gentex Vice President of Marketing and Corporate Communications. “Collaborating with high-performing suppliers like Boyd who share our commitment to innovation enables us to continue advancing driver vision and automotive safety technologies.”

From advanced onboard displays and vision systems to ruggedized battery energy storage and safety systems, Boyd’s technologies power a wide range of next generation intelligent mobility applications. Designed for extreme environments, these advanced material solutions deliver uncompromising safety, reliability, and durability. Boyd’s compact, lightweight designs maximize energy efficiency, improve overall system performance, and enable higher power densities across batteries and onboard electronics.

With 19 manufacturing sites worldwide, Boyd delivers engineered material solutions across North America, Europe, and Asia-Pacific. Backed by rapid prototyping, in-house testing, and IATF 16949-certified facilities, Boyd enables customers to accelerate development and scale new models, features, and technologies with regional agility.

About Boyd

Boyd is the trusted global innovator of sustainable solutions that make our customers’ products better, safer, faster, and more reliable. Our innovative engineered materials advance our customers’ technology to maximize performance in the world’s most advanced data centers; advance the accuracy of cutting-edge personal healthcare and diagnostic systems; enable performance-critical aircraft and security technologies; enhance reliability and extend range for intelligent mobility applications; and accelerate innovation in next-generation electronics and human-machine-interface. Core to Boyd’s global manufacturing is a deep commitment to protecting the environment with sustainable, scalable, lean, strategically located regional operations that reduce waste and minimize carbon footprint.​ We empower our employees, develop their potential, and inspire them to do the right things with integrity and accountability to champion our customers’ success.

Visit us at www.boydcorp.com

About Gentex

Founded in 1974, Gentex Corporation (NASDAQ: GNTX) is a technology company that leverages its core competencies, strategic partnerships, acquisitions, and ongoing research to create market leading positions in a variety of verticals. You can view some of the Company’s latest technology at www.gentex.com.

Posted by Defense World Staff on Apr 17th, 2026

Gentex (NASDAQ:GNTX – Get Free Report) is expected to be posting its Q1 2026 results before the market opens on Friday, April 24th. Analysts expect Gentex to post earnings of $0.44 per share and revenue of $649.4180 million for the quarter. Individuals are encouraged to explore the company’s upcoming Q1 2026 earning overview page for the latest details on the call scheduled for Friday, April 24, 2026 at 9:30 AM ET.

Gentex (NASDAQ:GNTX – Get Free Report) last announced its quarterly earnings results on Friday, January 30th. The auto parts company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. The firm had revenue of $644.40 million during the quarter, compared to the consensus estimate of $650.90 million. Gentex had a net margin of 15.19% and a return on equity of 16.05%. The firm’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period last year, the firm posted $0.39 EPS. On average, analysts expect Gentex to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Gentex Trading Up 0.6% GNTX opened at $21.82 on Friday. The stock has a market capitalization of $4.66 billion, a PE ratio of 12.54 and a beta of 0.77. Gentex has a 1-year low of $20.48 and a 1-year high of $29.38. The firm has a 50-day moving average price of $22.50 and a two-hundred day moving average price of $23.56.

Gentex Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 8th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.2%. The ex-dividend date is Wednesday, April 8th. Gentex’s dividend payout ratio (DPR) is presently 27.59%.

Insider Transactions at Gentex In other news, CEO Steven R. Downing sold 35,000 shares of Gentex stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $24.75, for a total transaction of $866,250.00. Following the completion of the sale, the chief executive officer owned 211,670 shares in the company, valued at $5,238,832.50. The trade was a 14.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Neil Boehm sold 11,248 shares of Gentex stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $24.82, for a total transaction of $279,175.36. Following the sale, the chief technology officer owned 58,951 shares of the company’s stock, valued at approximately $1,463,163.82. This represents a 16.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 58,133 shares of company stock worth $1,442,313 in the last quarter. 0.45% of the stock is owned by company insiders.

Institutional Inflows and Outflows Hedge funds and other institutional investors have recently bought and sold shares of the company. CIBC Private Wealth Group LLC lifted its stake in Gentex by 2,420.7% in the third quarter. CIBC Private Wealth Group LLC now owns 2,067 shares of the auto parts company’s stock valued at $58,000 after buying an additional 1,985 shares in the last quarter. Arax Advisory Partners bought a new position in Gentex in the fourth quarter valued at approximately $52,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Gentex in the third quarter valued at approximately $117,000. EverSource Wealth Advisors LLC lifted its stake in Gentex by 2,038.4% in the second quarter. EverSource Wealth Advisors LLC now owns 4,512 shares of the auto parts company’s stock valued at $99,000 after buying an additional 4,301 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in Gentex in the fourth quarter valued at approximately $140,000. Institutional investors own 86.76% of the company’s stock.

Wall Street Analysts Forecast Growth Several research firms have weighed in on GNTX. B. Riley Financial lowered their price objective on shares of Gentex from $32.00 to $28.00 and set a “buy” rating for the company in a research report on Monday, February 2nd. UBS Group restated a “neutral” rating and issued a $24.00 price objective (down from $25.00) on shares of Gentex in a research report on Tuesday. Wall Street Zen upgraded shares of Gentex from a “hold” rating to a “buy” rating in a research report on Sunday, March 8th. Weiss Ratings restated a “hold (c)” rating on shares of Gentex in a research report on Thursday, January 22nd. Finally, Freedom Capital upgraded shares of Gentex to a “strong-buy” rating in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $26.57.

View Our Latest Stock Report on GNTX

Gentex Company Profile (Get Free Report)

Gentex Corporation (NASDAQ: GNTX) is a global technology company specializing in the design and manufacture of automotive and aerospace products. The company’s primary business centers on automatic-dimming rearview mirrors, advanced driver-assistance systems (ADAS), and camera-based driver monitoring technologies. In the automotive sector, Gentex supplies exterior and interior mirrors with integrated electronics, connectivity features, and safety capabilities to many of the world’s leading original equipment manufacturers (OEMs).

See Also Five stocks we like better than Gentex

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Key Highlights:

New AudioLuxe by La-Z-Boy® premium audio furniture line debuts at High Point Market with select availability this fallThe product line combines an integrated audio experience with the comfort and quality for which La-Z-Boy is knownKey features, driven by consumer led insights, include Sound by Klipsch, surround sound with audio-visual sync, Auracast™ Bluetooth audio sharing, personalized controls, and La-Z-Boy customizable comfort MONROE, Mich., April 20, 2026 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in the retail and manufacture of residential furniture, is bringing premium audio to its motion furniture lineup with the debut of AudioLuxe by La-Z-Boy®, a new product line featuring integrated Klipsch sound systems. The collection makes its industry debut at the April 2026 High Point Market with select availability this fall and leverages La-Z-Boy’s in-house consumer led insights to drive innovation.

AudioLuxe pairs La-Z-Boy’s signature customizable comfort with Sound by Klipsch, delivering crystal clear tones and deep bass vibrations directly through the furniture. The line features speakers and subwoofers built directly into a range of recliners and motion furniture. With modern silhouettes and clean lines, the AudioLuxe line is designed to complement contemporary living spaces.

“At La-Z-Boy Incorporated, we prioritize delivering an unmatched comfort experience through every product,” said Nelly Martínez Garza, Sr. Director of Product Design. “With AudioLuxe, we’re pairing the comfort and quality that La-Z-Boy consumers have trusted for generations with the premium audio performance Klipsch is known for. There’s nothing on the market that provides audio immersion at this level of comfort, and we’re excited for AudioLuxe to make its way into living rooms and home theaters nationwide. The new line further advances La-Z-Boy Incorporated’s Century Vision strategy of expanding brand reach and will be manufactured within our United States manufacturing footprint.”

Premium audio, precisely positioned

AudioLuxe is engineered in partnership with Klipsch, an American audio brand with more than 80 years of innovation in home theater, sound bars, and high-performance speaker systems. Together, the companies have developed an integrated audio experience with speakers and subwoofers positioned for optimal, immersive sound delivery.

“This partnership brings together two American icons with the shared vision to establish a new benchmark for comfort and sound, redefining the way we enjoy entertainment at home," said Vince Bonacorsi, Chief Operating Officer of Klipsch. “Our advanced audio technologies, refined over the last eight decades, allow the AudioLuxe products to deliver a new level of realism for an embedded audio experience unlike anything currently on the consumer market.”

Key features of the AudioLuxe line include:

Sound by Klipsch: Wireless speakers and subwoofers by Klipsch are embedded directly into recliners and sofas, delivering sound you can feelSurround sound with audio-visual sync: When paired with the Klipsch Flexus Sound System, AudioLuxe furniture enables dynamic, 5.1.2 surround sound powered by Dolby® AtmosAuracast™ Bluetooth audio sharing: Broadcast high-quality audio to each seat by connecting a phone or tablet to an AudioLuxe piece, then sharing the sound to all other Auracast™-enabled seats or speakers in the homePersonalized controls: Each armrest features integrated controls so users can manage their own audio input and sound level or choose to listen in syncLa-Z-Boy customizable comfort: AudioLuxe furniture offers fully adjustable back recline, lumbar support, headrests, and legrests, plus integrated storage and fabric and leather cover options Industry debut at High Point Market

Retail buyers, wholesale customers, and industry partners can experience AudioLuxe in the La-Z-Boy showroom by appointment only at High Point Market beginning April 23, 2026. AudioLuxe will be available in select La-Z-Boy stores, Comfort Studios, Branded Spaces, and other furniture retailers this fall. To book an appointment at the La-Z-Boy showroom, contact: [email protected].

Investor Relations / Media Contact:
Mark Becks, CFA, (734) 457-9538
[email protected]

About La-Z-Boy:
La-Z-Boy Incorporated (NYSE: LZB) is a leading vertically integrated retailer and manufacturer of high-quality, custom furniture that transforms the home. Founded on American heritage, the iconic La-Z-Boy brand has been synonymous with comfort, quality, and craftsmanship for nearly 100 years. As an end-to-end enterprise, the company manages every aspect of its business—from retail, manufacturing, and design to distribution and after-service care.

La-Z-Boy Incorporated brings timeless and modern furniture to life through a retail network of over 370 La-Z-Boy stores, including 226 company-owned locations, and its digital platform at La-Z-Boy.com. Within the Wholesale segment, the company manufactures comfortable, high quality, custom furniture, with approximately 90% of its products produced in North America. Its Joybird® brand is an omnichannel retailer and manufacturer of modern, custom upholstered furniture, operating 15 U.S. stores. With a global team of about 11,000 employees, La-Z-Boy Incorporated was named to TIME’s 2026 list of America’s Most Iconic Companies and Newsweek’s 2025 list of America’s Best Retailers, ranking No. 1 in the furniture category. The company continues to shape the way people live by delivering the transformational power of comfort.

About Klipsch:
Paul W. Klipsch, inventor, acoustics pioneer and maverick, founded Klipsch Audio with the sole purpose of bringing the power, detail and emotion of the live music experience into his living room. Using highly efficient speaker designs, handcrafted cabinetry and a thirst for real engineering breakthroughs – Klipsch, the great American audio company, was born in Hope, AR. Today, our diverse range of quality audio products includes speakers and headphones for almost any consumer and professional application – including cinema, whole-house, wireless, home theater and portable offerings. Honoring our founder’s legacy, Klipsch continues to be the legendary high-performance brand of choice for audiophiles and aficionados around the world. We are the Keepers of the Sound®. Klipsch®, registered in the U.S. and other countries, is a trademark of Klipsch Group, Inc. Klipsch Group, Inc. is a wholly-owned subsidiary of Gentex Corporation (NASDAQ: GNTX).Visit www.klipsch.com for more information.

Cautionary Note Regarding Forward-Looking Statements:

This news release contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. Generally, forward-looking statements include information concerning expectations, projections or trends relating to our results of operations, financial results, financial condition, strategic initiatives and plans, acquisitions, divestitures, expenses, dividends, share repurchases, liquidity, use of cash and cash requirements, borrowing capacity, investments, future economic performance, and our business and industry.

The forward-looking statements in this press release are based on certain assumptions and currently available information and are subject to various risks and uncertainties, many of which are unforeseeable and beyond our control. Additional risks and uncertainties that we do not presently know about or that we currently consider to be immaterial may also affect our business operations and financial results. Our actual future results and trends may differ materially depending on a variety of factors, including, but not limited to, the risks and uncertainties discussed in our Fiscal 2025 Annual Report on Form 10-K and other factors identified in our reports filed with the Securities and Exchange Commission (the “SEC”), available on the SEC’s website at www.sec.gov. Given these risks and uncertainties, you should not rely on forward-looking statements as a prediction of actual results. We are including this cautionary note to make applicable and take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 for forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or for any other reason.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5b28eadc-f45c-4356-8795-d2b8eab4660b

For the quarter ended March 2026, Gentex (GNTX - Free Report) reported revenue of $675.44 million, up 17.1% over the same period last year. EPS came in at $0.48, compared to $0.43 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $647.23 million, representing a surprise of +4.36%. The company delivered an EPS surprise of +8.28%, with the consensus EPS estimate being $0.44.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Gentex performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Auto-Dimming Mirror Shipments - Total Interior Mirrors: 6.78 million versus the two-analyst average estimate of 7.1 million.Auto-Dimming Mirror Shipments - Total Exterior Mirrors: 4.07 million versus the two-analyst average estimate of 4.07 million.Auto-Dimming Mirror Shipments - Total Auto-Dimming Mirror Units: 10.85 million versus the two-analyst average estimate of 11.17 million.Auto-Dimming Mirror Shipments - Total North American Mirror Units: 3.67 million versus the two-analyst average estimate of 3.62 million.Auto-Dimming Mirror Shipments - International Exterior Mirrors: 2.67 million compared to the 2.63 million average estimate based on two analysts.Auto-Dimming Mirror Shipments - North American Exterior Mirrors: 1.4 million versus the two-analyst average estimate of 1.44 million.Auto-Dimming Mirror Shipments - Total International Mirror Units: 7.18 million versus 7.55 million estimated by two analysts on average.Auto-Dimming Mirror Shipments - International Interior Mirrors: 4.51 million compared to the 4.92 million average estimate based on two analysts.Auto-Dimming Mirror Shipments - North American Interior Mirrors: 2.27 million versus the two-analyst average estimate of 2.19 million.Revenue- Automotive Products: $566.2 million versus the two-analyst average estimate of $562.32 million. The reported number represents a year-over-year change of +0.4%.View all Key Company Metrics for Gentex here>>>

Shares of Gentex have returned +4.4% over the past month versus the Zacks S&P 500 composite's +8.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.