What’s Going On With Gentex Stock Friday?

by | Apr 24, 2026 | General

Gentex Corporation (NASDAQ:GNTX) shares moved higher Friday after the company reported first-quarter results that exceeded Wall Street expectations, supported by strong demand for advanced features.

The firm also raised its sales outlook, signaling confidence in its growth trajectory despite ongoing headwinds in global vehicle production.

Quarterly Details

The company reported first-quarter adjusted earnings of 48 cents per share, topping the analyst consensus estimate of 45 cents. Quarterly revenue rose 17% year over year to $675.44 million, beating the Street view of $648.71 million.

VOXX contributed $88.6 million in revenue during the first quarter of 2026. Core Gentex revenue reached $586.8 million, increasing 2% sequentially despite a decline in global light vehicle production.

“Core Gentex revenue growth in the quarter was driven by advanced feature strength in several regions that helped offset lower light vehicle production and continuing unit volume headwinds,” CEO Steve Downing said.

Core gross margin for the first quarter was 34.0%, up 80 basis points from a year earlier.

The company expanded operational gross margin by nearly 200 basis points year over year, supported by favorable product mix and execution, despite tariff and commodity headwinds. Downing said tariffs and higher precious metal costs weighed on results, but core gross margin still rose 80 basis points from a year earlier.

During the quarter, the company repurchased 3.3 million shares at an average price of $22.01 per share, totaling $71.6 million. As of March 31, 2026, about 32.6 million shares remained available under its existing repurchase authorization.

Outlook

Gentex raised its 2026 sales outlook to a range of $2.65 billion to $2.75 billion, compared with its prior forecast of $2.60 billion to $2.70 billion and the consensus estimate of $2.656 billion.

The company also projected 2027 sales in the range of $2.80 billion to $2.90 billion, above the $2.777 billion estimate.

GNTX Price Action: Gentex shares were up 1.30% at $23.33 at the time of publication on Friday, according to Benzinga Pro data.

Photo by T. Schneider via Shutterstock