Gentex Corporation · NASDAQ:GNTX
Gentex — Investor Day (August 2026)
41 slides from Gentex's investor day presentation, Aug 27, 2026
Slide 1: Gentex Overview
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Slide 2: Safe Harbor for Forward Looking Statements
SAFE HARBOR FOR FORWARD LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The statements contained in this communication that are not purely historical are forward-looking
Slide 3: 2026 First Half Highlights
2026 FIRST HALF HIGHLIGHTS • Net sales: $1.327B (from $1.235B in ‘25) • Gross margin: 35.4% (33.8% in ‘25) • Income from operations: －GAAP $265M (from $231.5 in ‘25) －Non-GAAP: $268.9M (from $246.2 in ‘25) • Net income attributable to Gentex: －GAAP: $213.1M (from $190.9M in ‘25) －Non-GAAP: $226.5M (
Slide 4: 2026 Guidance
$2.65 – 2.75B (Unchanged) 2026 GUIDANCE* Revenue 34.5 – 35.5% (Prev 34 – 35%) Gross Margin $405 – 415M (Prev $410 – 420M) Operating Expenses (E, R&D and S, G&A) (Excluding Severance and Impairments) 16 – 17% (Prev 16 – 18%) Annual Tax Rate $115 – 125M (Prev $125 – 140M) 2027 REVENUE GUIDE* Capital E
Slide 5: Market Outlook
MARKET OUTLOOK* GLOBAL LIGHT VEHICLE PRODUCTION 35,000,000 32,000,000 29,000,000 26,000,000 23,000,000 20,000,000 17,000,000 14,000,000 11,000,000 8,000,000 Sum of CY 2025 Sum of CY 2026 Sum of CY 2027 Sum of CY 2028 Sum of CY 2029 Sum of CY 2030 Sum of CY 2031 Europe North America Japan/Korea Great
Slide 6: Growth Through Features and Content, Not LVP
GROWTH THROUGH FEATURES AND CONTENT, NOT LVP 2017 95.1M Vehicles Globally 2025 93.1M Vehicles Globally 2026 91.1M Vehicles Globally* 28M China (29.4%) 33.1M China (35.6%) 31.6M China (34.7%)* $1.79B Revenue $2.53B Revenue $2.65-2.75B Revenue** Global LVP Revenue vs. Light Vehicle Production Revenues
Slide 7: Market Share Is Not the Only Metric
MARKET SHARE IS NOT THE ONLY METRIC • Headwinds in volume due to China and 2023 31.7M IEC 2025 28.6M IEC EU vehicle pricing competition 18.8M OEC 16.2M OEC $2.3B Revenue $2.53B Revenue • Volume headwinds have been on base mirrors • FDM, DMS, and advanced feature mirrors drive revenue growth Mirror V
Slide 8: Full Display Mirror Growth
FULL DISPLAY MIRROR GROWTH • Combines digital and traditional mirrors to enhance driver visibility and FDM Volume OEM profitability 3500000 3000000 • Industry-leading visibility solution 2500000 －3.19M units in 2025 (+7% from 2024) 2000000 －17 new model launches in 2025 1500000 1000000 －On 22 brands
Slide 9: Driver and In-Cabin Monitoring
DMS/ICMS Revenue DRIVER AND IN-CABIN MONITORING $120,000,000 $100,000,000 • Provides a scalable multi-function driver and $80,000,000 cabin monitoring system to enable autonomous $60,000,000 driving and enhance safety $40,000,000 $20,000,000 • Camera located in the mirror either behind $0 2025 2026
Slide 10: VOXX International acquisition
• April 2025 - Gentex completes VOXX International acquisition for a total of approx. $196M －Acquired at book value of net assets －Significant opportunity to improve revenue growth, expand margins, and reduce costs －Portfolio includes well-established brands, proprietary technology, intellectual pro
Slide 11: Smart Home Innovation
SMART HOME INNOVATION • Total HomeLink Revenue 2025: approx. 330M • HomeLink Smart Home Solutions • Comprehensive smart tech for: o End User/Consumers o Residential Home Builders o Multi-Family Developments o Commercial Property/Builders and Managers • Products o Centralized monitoring/control o Sma
Slide 12: Other Product Lines
OTHER PRODUCT LINES • Aerospace – $25 - 30M －787 production increasing from ~8 aircraft/month in 2026 to 10 aircraft/month target in 2027; 100% take rates －New aircrafts - 777 and Airbus A350 • Take rate dependent • Gen3 chemistry improves performance and longevity • Fire Protection – $30 – 35M －PLA
Slide 13: Product Synergies
PRODUCT SYNERGIES Residential/Commercial Smart Home • PAC products through other Gentex channels • Gentex products through PAC channels • PAC technology into other Gentex products • Cameras • Gentex tech in PAC products • Sensors • Biometrics GEN TE X OVE RVIEW 13 AU GUST 27 , 2 0 2 6
Slide 14: PAC Performance
PAC Performance $70,000,000 60% $60,000,000 50% • Premium audio established as a separate $50,000,000 reporting segment 40% • PAC Progress since acquisition: $40,000,000 Gross Margin Net Sales －Improved profitability and margins 30% －Balancing ASPs in response to tariffs $30,000,000 －Focus for the n
Slide 15: Gentex Overview
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Slide 16: Gross Margin Story
GROSS MARGIN STORY • Q2 2026 Gross margins of 37% －Up 280 basis points versus Q2 2025 －Up 50 basis points sequentially, excluding IEEPA • Key Drivers: －$38 million of IEEPA tariff reimbursements ▪ $19 million reduced COGS －Favorable product and regional mix ▪ North America, Japan and Korea －Operatio
Slide 17: Tariff Outlook
TARIFF OUTLOOK • Section 122 expired on July 23, 2026 • FLIP301 tariffs became effective July 24, 2026 • Tariff rates increased modestly －Section 122: 10.0% －FLIP301: 10.0% to 12.5% (depending on COO) • Estimated annual tariff incremental impact of $5 - 10 million (primarily Auto, PAC) • Recovery me
Slide 18: Precious Metals
PRECIOUS METALS Ag • Increasing costs of precious metals is an active headwind －Silver (Ag) and Gold (Au) – costs have moderated from their 2026 peaks －Estimated annual impact has improved from $40M to $23M Au －Ruthenium (Ru) – remains thinly traded and increasingly used by datacenters ▪ Working on
Slide 19: Electronics
ELECTRONICS • Electronics industry pushing price increases across the board • Electronics are approximately 60% of our BOM • Memory, processors, and DDR components face the greatest risk of cost inflation and supply constraints through the balance of 2026 and into 2027. • Mitigation efforts include
Slide 20: Revenue, Margins and Cash Generation
REVENUE, MARGINS AND CASH GENERATION R EVE N UE M AR GI N P R O F I L E 3000 40 $2,626M 35.0% 2500 2000 35 1500 1000 30 500 0 25 2020 2021 2022 2023 2024 2025 2026 TTM 20 E BI TD A AN D O P ER AT IN G C AS H F L O W 15 19.3% 700 $594M 600 $617M 2020 2021 2022 2023 2024 2025 2026 500 TTM 400 300 200
Slide 21: Return to Shareholders
YTD 2026, we repurchased 5.9 RETURN TO SHAREHOLDERS million shares at an average price of $23.13 per share, totaling $138 RETURN OF CAPITAL million. $800.0 We have 29.9 million shares $708.2M remaining available for repurchase $700.0 pursuant to our previously $116.6 announced share repurchase plan.
Slide 22: Capital Allocation
Millions of Shares Outstanding CAPITAL ALLOCATION 320 • Capital allocation strategy is unchanged, with operating cash flow funding: 300 －Capital Expenditures －Dividends 280 －Mergers & Acquisitions －Share Repurchases 260 • Since 2015: －Reduced the share count by 86M shares (29%) 240 －$2.96B in repurc
Slide 23: Gentex Overview
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Slide 24: VA/VE Targets
VA/VE TARGETS • Spans manufacturing, purchasing, engineering, and administrative • Precious metals －Silver, gold, and ruthenium －Reduce, reuse, recycle, eliminate • Memory/Processing/DDR －Alternative sourcing, product redesigns, customer approval process • Consolidation of components utilized GEN TE
Slide 25: New Product Progress
NEW PRODUCT PROGRESS • DMS Launches －Hyundai/Kia －BMW • FDM Launches －Jeep Recon －Infiniti QX65 －McLaren W1 －Subaru Trailseeker and Uncharted －Toyota Century SUV －And now: Ford F250 Superduty • Next Gen FDM (Gen 4.0) －New features and capabilities －Potential for removal of DDR －Helps offset electron
Slide 26: PACE Award Finalist
PACE AWARD FINALIST • Dimmable Sun Visor recognized as a PACE Award finalist • 1 of 32 finalists selected • Uses electrochromics to darken and reduce sun load and glare • Expands OEM feature-content and revenue opportunities. • Can include mirror in hinge section or incorporate switchable reflector
Slide 27: Premium Audio opportunities
• Industry-leading audio brands • Opportunities: • Launching a large number of new and updated products • Utilize consumer marketing expertise for Gentex non-automotive product lines • New partnerships and markets • Improving business fundamentals • Utilize Gentex supply chain and purchasing for pri
Slide 28: PAC Product Launches
PAC PRODUCT LAUNCHES • Events: －Milan Design Week (April 2026) — Klipsch x OJAS kO-R2 －High End Vienna (June 2026) — Rebellion and 80th Anniversary Klipschorn －Audio Advice Live (Aug 2026) – Reference Premiere III Loudspeakers and Compact Subwoofers • Universal Pictures' The Odyssey — Limited Editio
Slide 29: New Machinery and Equipment
NEW MACHINERY AND EQUIPMENT • Infrastructure improvements －Visor and LAD manufacturing lines • Coaters • Consolidation of mirror lines • Autonomous Mobile Robots (AMR) • Additional automation in processes GEN TE X OVE RVIEW 29 AU GUST 27 , 2 0 2 6
Slide 30: Morocco Manufacturing Facility
MOROCCO MANUFACTURING FACILITY • Increased interest from existing customers outside the U.S., with some requiring localization to participate in RFQs • Protects existing business and enables bids at other EU OEMs, including potential of Chinese OEMs manufacturing in EU • Morocco offers attractive tr
Slide 31: 5 Years of LEP
5 YEARS OF LEP • Celebrating 5-year anniversary of our Limited English Proficiency (LEP) Program • Expanded from single production line to a multi-facility initiative operating across all three shifts • LEP Program has supported roughly 200 employees at any given time, with 74 employees advancing in
Slide 32: Gentex Preschool
GENTEX PRESCHOOL • Affordable, subsidized childcare • Convenient on-site location • Extended hours including second shift support • Nature-based early childhood education • Supports employee recruitment, retention, and work-life balance GEN TE X OVE RVIEW 33 AU GUST 27 , 2 0 2 6
Slide 33: In Summary
IN SUMMARY • Gentex has the products, people and passion to continue driving innovation in the auto industry, and into the new industries we are serving • Q2 ‘26 represented the highest level of non-automotive revenue in the company’s history (14%) … • But, the Company is expecting large growth in a
Slide 34: Gentex Overview
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Slide 35: Revenue Bridge to 2027
REVENUE BRIDGE TO 2027 • $2.8 – 2.9B revenue target －~$50M growth from FDM (at midpoint) • Approx 200 - 400k additional units • Growth from new platforms at existing OEMs and additional launches at new OEMs －~$50M growth from DMS • Growth from BMW and Hyundai Kia launches －~$50M growth from Other •
Slide 36: Future Growth, New Products, and New Markets: Visor
FUTURE GROWTH, NEW PRODUCTS, AND NEW MARKETS • Visor Visor Growth Potential －Broad consumer appeal and use case $700,000,000 －Limited variety of OEM sizes creates $650,000,000 $600,000,000 aftermarket opportunity $550,000,000 －Business case for OEM $500,000,000 －$100 - 150 each, $200 - 300 per set $
Slide 37: Future Growth, New Products, and New Markets: LAD
FUTURE GROWTH, NEW PRODUCTS, AND NEW MARKETS • LAD/Sunroofs (not including side windows) LAD Growth Potential －Initial interest from EVs, but also $550,000,000 large potential for autonomous, regardless $500,000,000 of powertrain $450,000,000 －Substrate pricing: ~$100 – 300 sq/m. $400,000,000 ~$100
Slide 38: Advanced Electronic Manufacturing
ADVANCED ELECTRONIC MANUFACTURING • Increased interest from certain existing customers on US-focused electronics manufacturing and assembly • Vertically integrated to manufacture our own cameras and sensors, populate circuit boards • Gentex currently populates 40+ million PCBs annually • Increased d
Slide 39: Increasing Our Opportunities – Ten Year Targets
INCREASING OUR OPPORTUNITIES – TEN YEAR TARGETS Estimated Revenue Market Opportunity Potential Auto-Dimming Mirrors & $2.5B - $3.0B Printed Advanced Features Circuit Board Assembly Auto Dimming Printed Circuit Board (PCBA) $1.0B - $2.0B 26% Mirrors (includes Assembly (PCBA) all advanced features) Di
Slide 40: 10-year strategic plan and $10 billion enterprise value goal
Our 10-year strategic plan has been the foundation for the strategy outlined today. We believe successful execution elevates Gentex to a $10 billion enterprise value by 2032. GEN TE X OVE RVIEW 43 AU GUST 27 , 2 0 2 6
Slide 41: Gentex Overview
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