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Gentherm ( (THRM) ) has issued an update.
On April 23, 2026, Gentherm reported first-quarter 2026 results, posting record quarterly revenue of $393.7 million, up 11.3% year over year (7.2% ex-FX), with Automotive Climate and Comfort Solutions outpacing underlying light vehicle production by 14 percentage points. Gross margin improved to 24.7%, net income reached $4.2 million versus a small loss a year earlier, adjusted EPS rose to $0.84 from $0.51, and the company ended the quarter with low net leverage of about 0.2x and liquidity of $455.5 million.
The quarter also marked a strategic shift as Gentherm announced a planned combination with Modine’s Performance Technologies business to create a broader thermal and precision flow management platform, alongside wins such as $395 million in new automotive business awards, initial home and office deliveries to KUKA Home in Asia, and an FDA 510(k) submission for its ThermAffyx patient safety system. Management reaffirmed unchanged 2026 guidance, targeting $1.5–$1.6 billion in product revenue, adjusted EBITDA of $175–$195 million, and adjusted free cash flow of $80–$100 million, underlining confidence in long-term performance despite near-term volatility and excluding any impact from the Modine transaction.
The most recent analyst rating on (THRM) stock is a Buy with a $37.00 price target. To see the full list of analyst forecasts on Gentherm stock, see the THRM Stock Forecast page.
Spark’s Take on THRM Stock
According to Spark, TipRanks’ AI Analyst, THRM is a Neutral.
The score is driven mainly by solid financial footing (notably the conservative balance sheet) and a positive earnings-call outlook with growth initiatives, partially offset by mixed/less reliable operating data signals and uneven cash-flow quality. Technicals are neutral-to-weak and valuation is a notable headwind due to the high P/E.
To see Spark’s full report on THRM stock, click here.
More about Gentherm
Gentherm (Nasdaq: THRM) is a global market leader in thermal management and pneumatic comfort technologies, supplying climate control seats, interior comfort systems, lumbar and massage solutions, valve systems for automotive customers, and patient temperature management systems for the medical sector. The company employs more than 14,000 people across 13 countries, generated about $1.5 billion in sales in 2025, and focuses on expanding its technology platforms into home, office, and new mobility and healthcare markets.
Average Trading Volume: 277,931
Technical Sentiment Signal: Strong Sell
Current Market Cap: $885.5M
See more insights into THRM stock on TipRanks’ Stock Analysis page.