Gentex Corporation · NASDAQ:GNTX
Gentex — Q1 2026 Earnings Presentation
9 slides from Gentex's earnings presentation, Apr 24, 2026
Slide 1: Gentex Overview
GEN TE X OVE RVIEW 1 AP RIL 2 4 , 2 02 6
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 Q1 Highlights
2026 Q1 HIGHLIGHTS • Net sales: Consolidated $675.4 million; core Gentex (ex-VOXX) $586.8 million • Gross margin: Consolidated 33.8%; core Gentex (ex-VOXX) 34.0% • Consolidated Income from operations: (GAAP) $123.7 million; core Gentex $117.9 million; adjusted income from operations (non-GAAP) for c
Slide 4: Q1 2026 Performance
Q1 2026 PERFORMANCE $566.2M (Automotive) $88.6M Revenue $20.6M (Aero, FP, Med, Biometric) GENTEX Revenue VOXX 32.6% STAND-ALONE 34% STAND-ALONE Gross Margin PERFORMANCE Gross Margin PERFORMANCE $23.2M Operating Expenses $81.8M (E, R&D and S, G&A) Operating Expenses (E, R&D and S, G&A) GEN TE X OVE R
Slide 5: Consolidated Guidance
$2.65 – 2.75B (Prev 2.6 - 2.7B) 2026 Revenue CONSOLIDATED 34 – 35% GUIDANCE* Gross Margin $410 – 420M Operating Expenses (E, R&D and S, G&A) (Excluding Severance and Impairments) 16 – 18% Annual Tax Rate $125 – 140M 2027 REVENUE GUIDE* Capital Expenditures $2.8 – 2.9B (Prev. 2.75 - 2.85B) $100 – 110
Slide 6: Return to Shareholders
RETURN TO SHAREHOLDERS In Q1, we bought back 3.3 million shares at an average price of $22.01 per share, totaling $71.6 million. RETURN OF CAPITAL We have 32.6 million shares $800.0 remaining available for repurchase $708.2M pursuant to our previously $700.0 announced share repurchase plan. $116.6 $
Slide 7: Light Vehicle Production
LIGHT VEHICLE PRODUCTION • 2Q 2026 tracking -2% vs Q1 2025, and -3% quarter over quarter • 2026 volumes down approx. 2% in each of our primary markets compared to 2025 Global Light Vehicle Production 35,000,000 30,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000,000 - 2017 2018 2019 2020 20
Slide 8: Growth Through Features and Content
GROWTH THROUGH FEATURES AND CONTENT 2017 95.1M Vehicles Globally 2025 93.1M Vehicles Globally 2026 91.4M Vehicles Globally* 28M China (29.4%) 33.1M China (35.6%) 32.3M China (35.3%)* $1.79B Revenue $2.53B Revenue $2.65-2.75B Revenue** Global LVP Revenue vs. Light Vehicle Production Revenues 100,000,
Slide 9: Full Display Mirror
FULL DISPLAY MIRROR • 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 and 14