Miso Robotics stock: Is an IPO coming soon?
Gentex (NASDAQ:GNTX) reported second-quarter 2026 net sales of $651.3 million, down 1% from $657.9 million a year earlier, as lower automotive revenue in several international markets was partly offset by North American strength, higher vehicle content in Europe and growth in non-automotive businesses
Automotive revenue declined about 3% year over year to $560.1 million, reflecting lower light-vehicle production and reduced shipments of base auto-dimming mirrors. President and CEO Steve Downing said revenue in China fell 20% from the prior-year period amid tariff-related market disruptions, while Europe, Japan and Korea also recorded lower revenue. North American demand remained comparatively strong. – Analysts Recommend These Stocks To Cushion The Automotive Slump Despite sales coming in below the company’s forecast, Gentex posted net income attributable to the company of $114.7 million, up 19% from $96 million in the second quarter of 2025.
Diluted earnings per share rose to a record second-quarter $0.54 from $0.43. On a non-GAAP basis, adjusted diluted EPS was $0.58, compared with $0.50 a year earlier. Margins Benefit From Tariff Reimbursements and Mix Second-quarter gross margin rose 280 basis points year over year to 37%.