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Gentherm (THRM)
NASDAQ:THRM
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.52Last Year’s EPS
0.51Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a largely positive strategic and commercial narrative: record revenue, strong new business awards, rapid validation and commercialization in adjacent markets (including a sizeable $300M+ funnel and immediate furniture wins), material M&A upside via the Modine combination (synergies, new markets, valve scale), and strengthened cash generation and balance sheet. Offsetting this optimism are near-term margin pressures from higher material costs, unfavorable mix, and footprint realignment (a ~90 bps margin decline in 2025 and an expected ~60 bps drag in 2026), some planned-business exits reducing near-term revenue, and FX/headwinds that temper reported growth. On balance, the strategic growth initiatives, M&A upside, product pipeline (notably ThermoFix) and improving cash/awards pipeline outweigh the near-term operational and margin challenges.Company Guidance
Planned Combination with Modine Performance Technologies
Announced planned combination creating a pro forma $2.6B company with a pathway to >$3.5B revenue; pro forma synergy-adjusted EBITDA of ~13%; identified near-term run-rate cost synergies of ~$25M and a commercial synergy funnel >$100M (valves >50% of funnel) unlocking new end markets (power generation, heavy-duty equipment, commercial vehicles, data centers).
Significant Adjacent-Market Commercial Funnel
Generated an adjacent-market commercial funnel totaling >$300M of lifetime revenue outside light vehicle within months; rapid wins across commercial vehicles, powersports, and home & office; secured a global furniture brand award and began manufacturing/deliveries in January, demonstrating shorter development cycles and quick time-to-revenue.
Medical Product Innovation (ThermoFix) and FDA Progress
Submitted FDA 510(k) for the ThermoFix patient warming/securement system; expect revenue from ThermoFix later in 2026 and foresee Medical segment annual revenue growth accelerating into the high-teens; expect additional significant medical product announcement in early 2027 leveraging existing automotive IP.
Strong Automotive New Business Awards
Achieved $2.2B of automotive new business awards in 2025 (including $485M in Q4), highlighted by wins on Ford F-Series, Mercedes-Benz, and expanded adoption of pulse-based solutions — validating core technology demand.
Record Annual Revenue and Segment Growth
Reported record revenue of $1.5B in 2025, up 2.9% YoY (1.8% ex-FX); Automotive Climate & Comfort Solutions revenue increased 5.8% ex-FX; Q4 Climate & Comfort outgrew light vehicle by 820 basis points excluding FX.
Improved Cash Generation and Strong Balance Sheet
Generated $117M of operating cash flow (increase of ~7% YoY), reduced capital expenditures to $56M from $73M (down ~23%), and ended the year with net leverage of 0.2 turns, strengthening financial flexibility.
2026–2027 Outlook and Growth Visibility
Provided 2026 guidance of $1.5B–$1.6B revenue (~3% growth at midpoint ex-FX) and adjusted EBITDA of $175M–$195M (midpoint ~12% margin, ~30 bps expansion YoY). Introduced a preliminary 2027 revenue outlook of ~$1.7B (≈10% above 2026 midpoint) supported by launch cadence and adjacent-market contributions.
Operational and Strategic Initiatives
Rolled out company operating system and business-process standardization to drive operational rigor; pursuing footprint optimization and product mix improvements (lumbar/massage comfort, valves, pneumatics), positioning for margin expansion as growth scales.
THRM 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
THRM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 19, 2026 | $30.91 | $31.31 | +1.29% |
Oct 23, 2025 | $34.35 | $37.16 | +8.18% |
Jul 24, 2025 | $32.00 | $32.87 | +2.72% |
Apr 24, 2025 | $24.82 | $24.74 | -0.32% |
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 Gentherm (THRM) report earnings?
Gentherm (THRM) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).
What is Gentherm (THRM) earnings time?
Gentherm (THRM) earnings time is at Apr 23, 2026, Before Open (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 THRM EPS forecast?
THRM EPS forecast for the fiscal quarter 2026 (Q1) is 0.52.