AI-extracted from the 10-Q filed 2026-08-04 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Gentex Q2 revenue was roughly flat YoY at $651.3M, but net income attributable to Gentex rose 19% to $114.7M as gross margin expanded to 37.0% from 34.2%, aided by ~$18M of IEEPA tariff reimbursements.
Biggest Revenue Drivers
Automotive Products$560.2M-3% YoY
Reflects lower global light vehicle production and a 10% decrease in total mirror unit shipments versus Q2 2025
Premium Audio Products$51.7M+16% YoY
Growth driven by continued integration and product introductions following the VOXX acquisition
Biggest Revenue Drivers
Total revenue: $651.3M-1% YoY
Automotive Products$560.2M-3% YoY
Reflects lower global light vehicle production and a 10% decrease in total mirror unit shipments versus Q2 2025
Premium Audio Products$51.7M+16% YoY
Growth driven by continued integration and product introductions following the VOXX acquisition
Other$39.4M+12% YoY
Included $2.7M of security/access control sales, up $2.5M, primarily from the BioConnect subsidiary acquired July 2025
Within Other
Security and access control$2.7M+$2.5M YoY
Primarily generated from the Company's BioConnect subsidiary acquired on July 1, 2025
Largest Expense Items
Cost of goods sold$410.3M-5% YoY
Gross margin rose to 37.0% from 34.2% due to ~$18M of IEEPA tariff reimbursements and favorable product mix, partly offset by commodity price increases and lower sales
Selling, general & administrative$50.0M+3% YoY
S,G&A was approximately 8% of net sales versus 7% in the second quarter of 2025
Engineering, research and development$49.3M-4% YoY
Decrease primarily due to lower engineering related professional fees
Severance expense$0.36M-95% YoY
Prior-year quarter included $6.8M of severance costs
Margins: Consolidated gross margin increased to 37.0% from 34.2% a year ago, primarily from approximately $18 million of IEEPA tariff reimbursements recorded as a reduction to cost of goods sold and favorable product mix, partially offset by commodity price increases and lower overall sales levels.
Watch Items from the Filing
Automotive mirror unit shipments fell 10% YoY in Q2 2026 amid lower global light vehicle production; full-year 2026 vehicle production is forecast to decline approximately 3%.
Automotive revenue represented approximately 86% of total revenue for the six months ended June 30, 2026, concentrating results in one segment exposed to OEM production cycles.
The company recorded a $9.4 million impairment on a technology investment and a $2.9 million increase to credit loss reserves on loans receivable during the quarter.
Gross margin benefited from approximately $18 million of IEEPA tariff reimbursements in Q2; the company has directly paid ~$42 million in such tariffs to date and future refund timing/amount remains uncertain.
Company repurchased 5.9 million shares for $137.9 million in the first half of 2026, with 29.9 million shares remaining under the authorization.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
3 transactions in GNTX reported by 2 members of Congress under the STOCK Act, most recent trade Jan 19, 2024. Reported transactions, not recommendations.
About GENTEX CORP (GNTX): stock profile, AI score and financials
GENTEX CORP (GNTX) stock profile, AI quality score, and SEC EDGAR financial data, a Industrials sector company. 13F Pro's AI-powered ranking engine scores GNTX at 64.8/100 on a composite quality score built from its SEC filings, placing it at rank #516 of 2,925 stocks — the top 25% of the AI-ranked universe. GNTX scores in the top quartile across institutional flow (95.6), balance sheet strength (91.9). Shareholder dilution risk is elevated at 46.2/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), GENTEX CORP reports quarterly revenue of $651.3M, net income of $114.7M, an operating margin of 21.7%. Top institutional holders of GNTX by reported 13-F value include BlackRock, AMERICAN CENTURY COMPANIES, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. GNTX trades on the Nasdaq exchange and files with the SEC under CIK 355811. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate GNTX daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for GENTEX CORP directly from SEC EDGAR.