Commercial Vehicle Group (CVGI)
NASDAQ:CVGI
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Earnings Data
Report Date
Aug 04, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.05Last Year’s EPS
-0.09Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed improving operational momentum: solid segment-level growth (notably Global Electrical Systems +13.9%), meaningful gross-margin expansion (+140 bps YoY; +250 bps sequential), positive free cash flow and a tangible deleveraging step (net leverage improved to 3.8x). Management reaffirmed 2026 guidance and highlighted the strategic ramp of Zoox and other new business as growth drivers. Counterbalancing these positives are weakened adjusted EBITDA and adjusted net loss, a sharp decline in the Trim segment (-13.9%) tied to a 27% YoY Class 8 industry decline, higher interest expense following refinancing, and persistent macro volatility. Overall, highlights around margin improvement, cash generation and electrical segment growth outweigh the near-term profitability and demand headwinds, positioning the sentiment as constructive but cautious.Company Guidance
Modest Consolidated Revenue Growth
Consolidated Q1 2026 revenue of $171.5M versus $169.8M prior year, an increase of approximately 1.0% driven by higher sales in Global Electrical Systems and Global Seating.
Adjusted Gross Margin Expansion
Adjusted gross margin improved to 12.2%, up 140 basis points year-over-year and up 250 basis points sequentially from Q4 2025, reflecting operational-efficiency gains and footprint optimization.
Strong Global Electrical Systems Performance
Global Electrical Systems revenue grew 13.9% year-over-year to $57.4M, driven by ramp of new business (including Zoox) and increasing utilization at low-cost facilities in Mexico and Morocco; company expects >10% segment sales growth for 2026.
Seating Segment Stability and Aftermarket Strength
Global Seating revenue of $74.5M, up 1.5% year-over-year; adjusted operating income improved by $0.9M driven by operational efficiencies and higher international volumes. Aftermarket orders are up ~20% year-over-year.
Deleveraging and Liquidity Actions
Completed sale-leaseback of Vonore facility generating $16M gross proceeds (net $14.6M) used to prepay term debt; total debt reduced by $12.8M in the quarter and net leverage improved to 3.8x from 4.1x.
Positive Free Cash Flow and Guidance Reaffirmation
Free cash flow from continuing operations was $11.7M (versus $11.2M prior year). Management reaffirmed 2026 guidance: net sales $660M–$700M (≈+5% at midpoint) and adjusted EBITDA $24M–$30M (≈+50% at midpoint vs 2025), and expects positive free cash flow for 2026.
Strategic Win and Capacity Positioning (Zoox)
Ramp of Zoox robotaxi program is underway, expected to increase content per vehicle materially (autonomous vehicles have near-double electrical content for redundancy) and solidify CVG as a supplier in the autonomous vehicle sector; existing electrical capacity should cover ~1–2 years of ramp before new space is needed.
CVGI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CVGI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $4.22 | $5.20 | +23.22% |
Mar 10, 2026 | $1.62 | $2.03 | +25.31% |
Nov 10, 2025 | $1.50 | $1.50 | 0.00% |
Aug 04, 2025 | $1.85 | $1.80 | -2.70% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Commercial Vehicle Group (CVGI) report earnings?
Commercial Vehicle Group (CVGI) is schdueled to report earning on Aug 04, 2026, After Close (Confirmed).
What is Commercial Vehicle Group (CVGI) earnings time?
Commercial Vehicle Group (CVGI) earnings time is at Aug 04, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CVGI EPS forecast?
CVGI EPS forecast for the fiscal quarter 2026 (Q2) is -0.05.