Key Points – Gentherm raised its full-year 2026 outlook after posting record quarterly product revenue, with Q2 revenue up 11% year over year to $416 million and adjusted diluted EPS of $0.75.
The company now expects 2026 revenue of about $1.6 billion, adjusted EBITDA of $185 million to $200 million, and adjusted free cash flow of $85 million to $100 million. – Automotive demand remained strong and broad-based, with about $690 million in new business awards in Q2 and more than $1 billion year to date
Management said growth outpaced light vehicle production, with especially strong performance in China and a 38% jump in lumbar and massage comfort solutions revenue. – Gentherm is expanding beyond automotive through new wins in furniture and medical, while also advancing its planned combination with Modine Performance Technologies. The company said the deal should close early in Q4 and will help diversify its end markets, while it also authorized up to $400 million in share repurchases. – Modine’s $4B AI Coup Freezes Out the Competition Gentherm (NASDAQ:THRM) raised its full-year 2026 outlook after reporting record quarterly product revenue and stronger-than-expected automotive demand in the second quarter, executives said on the company’s earnings call. President and Chief Executive Officer Bill Presley said the thermal management technology company delivered “an excellent first half” through commercial execution and operational discipline.
He said the company continued to outperform light vehicle production while expanding its technology into markets beyond automotive, including furniture and medical products. Chief Financial Officer Jon Douyard said second-quarter revenue rose 11% year over year to $416 million. Excluding foreign currency translation, revenue increased 9.5%, driven by higher automotive volumes.