The Q3 miss and guidance reduction signal near-term headwinds from commodity costs and customer delays, but the maintained 2027 revenue outlook of $2.80-2.90B implies significant outgrowth vs flat production — watch for Q4 margin recovery and progress on PCBA/dimmable visor commercialization as catalysts.
Price Chart
Executive Summary
Gentex reported Q3 2026 GAAP EPS of $0.43 and adjusted EPS of $0.47, missing the $0.50 consensus by 6.6%. Revenue of $647.7M fell short of the $669.6M estimate, declining 1.1% YoY, with the company citing customer issues and delayed launches that created a ~$35M shortfall vs its own forecast. Full-year 2026 revenue guidance was narrowed to approximately $2.65B (from $2.65-2.75B) and gross margin guidance was lowered to 34.0-34.5% from 34.5-35.5%, reflecting ongoing commodity cost headwinds.
Key Financial Metrics
Key Facts
- GAAP EPS $0.43 vs $0.46 YoY; adjusted EPS $0.47 vs consensus $0.50 (miss of 6.6%)
- Revenue $647.7M vs $655.2M YoY (-1.1%) and vs consensus $669.6M (miss of 3.3%)
- Gross margin declined to 33.4% from 34.4% YoY, driven by higher precious metal costs and unfavorable product mix
- Full-year 2026 revenue guidance narrowed to ~$2.65B from $2.65-2.75B; gross margin guidance lowered to 34.0-34.5% from 34.5-35.5%
- Automotive revenue fell 4% YoY to $552.5M, with China down 44% and VW program loss creating a $16.6M headwind
- Non-automotive revenue grew 17% YoY to 15% of total revenue, led by Premium Audio +27% to $54.7M
- Company repurchased 5.7M shares for $132.6M during the quarter; 24.3M shares remain under buyback plan
- 2027 revenue outlook maintained at $2.80-2.90B despite expected 1% decline in primary market light vehicle production
Financial Impact
EPS miss of 6.6% vs consensus and revenue miss of 3.3%, with guidance lowered on both revenue and gross margin
Risk Factors
- Continued precious metal cost inflation pressuring gross margins into Q4 2026 and H1 2027
- China automotive revenue down 44% YoY with no near-term recovery signaled
- VW program loss creating a persistent ~$16.6M quarterly revenue headwind in Europe
- Supply constraints on memory and electronic components may further pressure costs and production
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3387211 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 2d ago | 8-K | $20.60 | awaiting T+60 | — | $20.66 (−0.29%) |
Oct 23, 2026 2d ago | Press Release | $20.60 | awaiting T+60 | — | $20.66 (−0.29%) |
Oct 8, 2026 17d ago | SC 13G | $21.15 | awaiting T+60 | — | $20.66 (−2.32%) |
Oct 1, 2026 24d ago | Press Release | $21.83 | awaiting T+60 | — | $20.66 (−5.35%) |
Jul 24, 2026 13w ago | 8-K | $22.90 $20.87 | ▼ −8.86% | ▼ −12.59% | $20.66 (−9.78%) |
Jul 24, 2026 13w ago | Press Release | $22.90 $20.87 | ▼ −8.86% | ▼ −12.59% | $20.66 (−9.78%) |
Jun 30, 2026 16w ago | Press Release | $25.27 | awaiting T+60 | — | $20.66 (−18.24%) |
May 15, 2026 23w ago | Insider Cluster | $22.68 $23.40 | ▲ +3.17% | ▼ −1.68% | $20.66 (−8.91%) |
May 15, 2026 23w ago | Insider Cluster | $22.68 $23.40 | ▲ +3.17% | ▼ −1.68% | $20.66 (−8.91%) |
May 15, 2026 23w ago | Insider Cluster | $22.68 $23.40 | ▲ +3.17% | ▼ −1.68% | $20.66 (−8.91%) |
US Market Status
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