GNTX Nasdaq Russell 1000 Earnings call
Gentex (GNTX) · Q2 2026 results and valuation
Share price: $19.58 · 2026-11-11
Results Q2 2026 vs Q1 2026 · previous quarter · published 24 Jul 2026 and 24 Apr 2026
Net income up 16.5% on the previous quarter, guidance raised. Management sounded about as positive as a typical company call, in its script and in answers to analysts.
Only a basic analysis is available for this company at the moment.
1 · Numbers
+16.5%
Net income vs Q1 2026
Guidance raised
Net income 114.7M vs 98.5M
Revenue −3.6%
Against the same quarter last year (Q2 2025) it is +19.4%, so it is not just seasonal.
2 · How management spoke
Typical
Less upbeat than 60% of company calls
Answers to analysts: cautious, in line with the script.
Similar to last call.
3 · What stood out
Guidance ↑
Full-year gross margin guidance is now estimated between 34.5% and 35.5%.
Valuation
Is Gentex undervalued?
Reverse DCF. Free cash flow from the last full fiscal year (2025-12-31), grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.
At 9.7% growth a year (3-year revenue growth), the model's fair value is $51.42 a share — the stock trades 62% below it. Today's price assumes −4.1% growth a year.
Current price
$19.58
close of 2026-11-11
Market implies growth of iThe yearly free-cash-flow growth, for the next 10 years, that today’s share price already assumes. If you believe the company grows faster than this, the stock is cheap under this model; slower, and it is expensive.
-4.1% for 10 yrs
Fair value / share
$51.42
Buy below
$38.57
Price vs fair value
Undervalued 62%
Price vs buy-below price
Undervalued 49%
Read between the lines
-
Guidance
The mobility global light vehicle production forecast is the key theme for the quarter, which impacts the company's production outlook.
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Guidance
Revenue growth is anticipated to be more subdued than historical levels.
Source quote
“As a result, we anticipated that revenue growth would be more subdued than what we've historically delivered.”
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Guidance
Gentex delivered record second quarter earnings despite revenue coming in below forecast due to disciplined execution across the business.
Tone
How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q2 2026. Ring: Q1 2026.
Script and answers carried a similar tone, so the script's message held up under questioning.
Sentences that drove the tone
“As these technologies gain further market adoption, investments in innovation, automation and process improvement are expected to support future growth while effectively managing operating expense levels.”
“As we enter 2026, we knew geopolitical challenges would continue to pressure our business in China, and we also expected ongoing headwinds within our base mirror business.”
“Concurrently, we have worked hard together with the VOXX team to improve VOXX's financial performance, and we are well on our way to achieve the profitability targets we established post...”
Full figures
USD · SEC EDGAR XBRL (10-Q, period end 2026-06-30)
| Metric | Q2 2026period end 2026-06-30 | Q1 2026period end 2026-03-31 | Change | Q2 2025 | YoY |
|---|---|---|---|---|---|
| Revenue | 651.3M | 675.4M | −3.6% | 657.9M | −1.0% |
| Gross profit | 241.0M | 228.6M | +5.4% | 225.3M | +7.0% |
| Operating income | 141.3M | 123.7M | +14.3% | 118.5M | +19.3% |
| Net income | 114.7M | 98.5M | +16.5% | 96.0M | +19.4% |
| EPS | 0.54 | 0.46 | +17.4% | 0.43 | +25.6% |
| P/E today 11.6 | 13.4 | 12.3 | +1.1 | 12.4 | +1.0 |
Topics
Most discussed now
- New You go through the whole list of factors that you consider, geopolitical risk factors from where they're at, cost increases,...
- During the event, Gentex will be doing facility tours, showcasing some of its new products and prototype vehicles and showcasing...
- Premium audio revenue increased 16% year-over-year to $51.7 million, while aerospace, biometrics, fire protection and automotive…
- While mirror unit shipments and automotive revenue came in below Gentex's beginning of quarter forecast, performance benefited from strong…
Faded since Q1 2026
- Dropped Gentex doesn't see that changing or correcting course anytime soon.
- Fading Core Gentex revenue growth was driven by strength in Advanced Features across several regions, helping offset lower light vehicle…
- Fading VOXX contributed $88.6 million of revenue during the quarter while Core Gentex revenue totaled $586.8 million, which was a 2%...
- Fading The quarter-over-quarter increase in net sales reflects favorable product mix, new technology launches and content gains with customers.
Latest announcements
Official filings, newest first.
- Results of operations · SEC 8-K
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