Gentex reports Q1 adjusted EPS 48c, consensus 45c

Reports Q1 revenue $675.4M, consensus $649.65M. “Core Gentex (GNTX) revenue growth in the quarter was driven by advanced feature strength in several regions that helped offset lower light vehicle production and continuing unit volume headwinds. As an example, North American revenue increased approximately 6% year-over-year despite a 2% decline in light vehicle production in that region compared to the first quarter of 2025. This outperformance was driven primarily by continued growth and penetration of Full Display Mirror shipments. In Europe, Japan, and Korea, auto-dimming mirror unit shipments declined approximately 8% quarter-over-quarter; however, revenue for these combined regions declined only 2%, reflecting a favorable shift in product mix, driven by the successful launch and ramp of one of our key In-Cabin-Monitoring-System platforms in Europe and continued growth of FDM. In China, revenue in the first quarter of 2026 totaled approximately $28 million, a 29% decline quarter-over-quarter, reflecting the ongoing impact of tariffs and counter-tariff actions on our China business. Given the difficult market conditions for many of our customers, the Company’s revenue growth continues to be driven by expanding electronic content and new technologies,” said Steve Downing, president and CEO. “Another bright spot during the first-quarter was VOXX revenue, which was approximately 9% above our beginning of quarter forecast, driven primarily by stronger-than-anticipated performance in the Premium Audio segment,” remarked Downing.