Gentex CorporationGNTX
▲ PositiveCapitalrelevance
Net income rose 19%, EPS hit record, gross margin expanded, and guidance raised.
Impact on stocks 1
Spatial Computing / AR/VR
Gentex CorporationGentex reported second-quarter 2026 net sales of $651.3 million, down 1% from $657.9 million a year earlier, while net income attributable to the company rose 19% to $114.7 million. Diluted earnings per share reached a record second-quarter $0.54, up from $0.43, and adjusted diluted EPS was $0.58 compared with $0.50. Gross margin expanded 280 basis points to 37%, helped by approximately $18 million in IEEPA tariff reimbursements that reduced cost of goods sold, out of $38 million in total reimbursements received during the quarter. The company maintained its full-year 2026 revenue guidance of $2.65 billion to $2.75 billion, raised its gross margin forecast to 34.5% to 35.5%, and lowered expected operating expenses and capital expenditures. Gentex also announced plans to establish a manufacturing plant in Morocco to support European customers, with a targeted start of production in 2028.
Gentex CorporationNet income rose 19%, EPS hit record, gross margin expanded, and guidance raised.