Overview
- Gentex, which reported results Friday, posted Q1 sales of $675.4 million, up 17% year over year, with adjusted earnings of 48 cents per share that topped estimates.
- Management raised 2026 revenue guidance to $2.65 billion to $2.75 billion and set 2027 guidance at $2.8 billion to $2.9 billion.
- Core gross margin rose to 34.0%, up 80 basis points from a year ago, as better product mix and execution outweighed higher costs for precious metals and memory components.
- China revenue fell about 29% to roughly $28 million as U.S. IEPA tariffs curbed exports, and the company said it has paid about $42 million in tariffs with about $15 million still tied up in inventory and no refund booked.
- Growth drivers include more Full Display Mirrors—rearview mirrors that show a camera feed—by 200,000 to 400,000 units in 2026, new driver-monitoring shipments for two automakers starting mid-2026, and dimmable visor lines being built for a first launch in the second half of 2027.