Overview

• US automotive tech supplier's Q1 revenue rose 17%, beating analyst expectations

• Adjusted EPS for Q1 beat analyst expectations

• Company repurchased 3.3 mln shares for $71.6 mln in Q1

Outlook

• Gentex raises 2026 revenue guidance to $2.65–$2.75 bln from $2.60–$2.70 bln

• Company maintains guidance for 2026 gross margin at 34%–35% and operating expenses at $410–$420 mln

• Gentex sees 2027 revenue between $2.80 bln and $2.90 bln

Result Drivers

• ADVANCED FEATURE ADOPTION - Core Gentex revenue growth driven by increased penetration of Full Display Mirror shipments and new technology launches, offsetting lower light vehicle production

• REGIONAL MIX & PRODUCT LAUNCHES - Favorable product mix and successful launch of In-Cabin-Monitoring-System platforms in Europe, along with FDM growth, limited revenue declines despite lower mirror shipments

• VOXX ACQUISITION - VOXX contributed $88.6 mln to revenue, with Premium Audio segment outperforming internal forecasts

Company press release: ID:nGNX1WFf95

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Sales	Beat	$675.40 mln	$648.88 mln (6 Analysts)
Q1 Adjusted EPS	Beat	$0.48	$0.45 (6 Analysts)
Q1 EPS		$0.46
Q1 Net Income		$98.50 mln

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"

• Wall Street's median 12-month price target for Gentex Corp is $25.00, about 8.6% above its April 23 closing price of $23.03

• The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

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